Titan America (NYSE:TTAM) Reaches New 1-Year High – Should You Buy?

Titan America SA (NYSE:TTAM) reached a new 52-week high on Friday . The stock traded as high as $18.16 and last traded at $17.7850, with a volume of 63771 shares changing hands. The stock had previously closed at $17.06.

Analyst Upgrades and Downgrades

TTAM has been the subject of several research reports. Jefferies Financial Group increased their target price on Titan America from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, December 15th. Sanford C. Bernstein upped their price objective on Titan America from $15.00 to $17.00 and gave the company a “market perform” rating in a research note on Friday, December 19th. Citigroup raised their price objective on shares of Titan America from $17.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Finally, Wall Street Zen raised shares of Titan America from a “hold” rating to a “buy” rating in a report on Saturday, November 29th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Titan America currently has a consensus rating of “Hold” and an average target price of $17.36.

Titan America Trading Up 3.9%

The firm has a 50-day moving average of $16.51 and a 200 day moving average of $15.54. The company has a market cap of $3.27 billion and a P/E ratio of 17.90. The company has a current ratio of 2.95, a quick ratio of 1.87 and a debt-to-equity ratio of 0.45.

Titan America (NYSE:TTAM) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.31 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.31. The firm had revenue of $436.85 million for the quarter, compared to analyst estimates of $439.30 million. Titan America had a return on equity of 19.80% and a net margin of 10.83%.Titan America’s revenue for the quarter was up 6.2% on a year-over-year basis.

Titan America Announces Dividend

The business also recently announced a dividend, which was paid on Monday, December 29th. Investors of record on Wednesday, December 17th were given a dividend of $0.04 per share. The ex-dividend date was Wednesday, December 17th. Titan America’s payout ratio is presently 16.16%.

Institutional Investors Weigh In On Titan America

Several hedge funds and other institutional investors have recently bought and sold shares of TTAM. BNP Paribas Financial Markets acquired a new position in Titan America during the second quarter worth $28,000. Ameritas Investment Partners Inc. acquired a new position in shares of Titan America during the second quarter valued at about $31,000. CWM LLC bought a new stake in shares of Titan America during the third quarter worth about $61,000. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of Titan America in the 2nd quarter worth about $65,000. Finally, New York State Common Retirement Fund bought a new position in Titan America in the 2nd quarter valued at about $96,000.

Titan America Company Profile

Titan America is a leading vertically integrated, multi-regional manufacturer and supplier of heavy building materials and services operating primarily on the Eastern Seaboard of the United States (the “Eastern Seaboard”). We are a leading provider of materials that contribute to lower carbon emissions than traditional building materials and/or beneficial reuse of waste materials. We are a leading provider of heavy building materials in Florida, the New York and New Jersey Metropolitan area (“Metro New York”), Virginia, North Carolina and South Carolina (Virginia and the Carolinas, together with Metro New York and their adjacent areas, the “Mid-Atlantic”).