Titan America SA (NYSE:TTAM) Receives $17.36 Average PT from Analysts

Shares of Titan America SA (NYSE:TTAM) have earned an average recommendation of “Hold” from the eight brokerages that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $17.3571.

Several research firms have commented on TTAM. Sanford C. Bernstein lifted their target price on shares of Titan America from $15.00 to $17.00 and gave the stock a “market perform” rating in a research note on Friday, December 19th. Wall Street Zen raised Titan America from a “hold” rating to a “buy” rating in a research report on Saturday, November 29th. Jefferies Financial Group upped their target price on Titan America from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, December 15th. Finally, Citigroup raised their price target on Titan America from $17.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, January 8th.

Titan America Stock Up 1.9%

Titan America stock opened at $18.59 on Thursday. The company has a market capitalization of $3.43 billion and a P/E ratio of 18.78. Titan America has a fifty-two week low of $10.80 and a fifty-two week high of $19.42. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.87 and a current ratio of 2.95. The stock has a 50-day simple moving average of $17.31 and a 200-day simple moving average of $15.96.

Titan America Dividend Announcement

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

Hedge Funds Weigh In On Titan America

A number of hedge funds have recently made changes to their positions in the stock. Voss Capital LP increased its holdings in shares of Titan America by 51.6% during the 4th quarter. Voss Capital LP now owns 2,600,000 shares of the company’s stock worth $42,848,000 after buying an additional 885,000 shares during the last quarter. Victory Capital Management Inc. grew its position in Titan America by 7.2% during the fourth quarter. Victory Capital Management Inc. now owns 3,417,804 shares of the company’s stock valued at $56,325,000 after acquiring an additional 230,943 shares during the period. Caitong International Asset Management Co. Ltd increased its stake in Titan America by 633.1% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,170 shares of the company’s stock worth $36,000 after acquiring an additional 1,874 shares during the last quarter. De Lisle Partners LLP raised its holdings in shares of Titan America by 5.5% in the 4th quarter. De Lisle Partners LLP now owns 129,429 shares of the company’s stock worth $2,132,000 after purchasing an additional 6,741 shares during the period. Finally, Wells Fargo & Company MN lifted its stake in shares of Titan America by 61.7% in the 4th quarter. Wells Fargo & Company MN now owns 35,945 shares of the company’s stock valued at $592,000 after purchasing an additional 13,713 shares in the last quarter.

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”).