Titan America (NYSE:TTAM) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Titan America (NYSE:TTAM) from a hold rating to a buy rating in a research report sent to investors on Sunday morning.

A number of other equities analysts also recently issued reports on the company. Citigroup lowered their price target on shares of Titan America from $20.00 to $19.00 and set a “buy” rating on the stock in a research note on Thursday, March 19th. Jefferies Financial Group boosted their price objective on shares of Titan America from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Monday, December 15th. Finally, Sanford C. Bernstein upped 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 report on Friday, December 19th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $17.00.

Titan America Trading Up 0.1%

NYSE:TTAM opened at $15.11 on Friday. The company has a quick ratio of 1.91, a current ratio of 3.03 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $2.78 billion, a PE ratio of 14.81, a P/E/G ratio of 1.08 and a beta of 1.36. The stock’s 50 day moving average price is $16.97 and its 200 day moving average price is $16.26. Titan America has a 52-week low of $10.80 and a 52-week high of $19.42.

Titan America (NYSE:TTAM) last released its quarterly earnings results on Saturday, February 14th. The company reported $0.24 EPS for the quarter. Titan America had a return on equity of 19.07% and a net margin of 11.14%.The business had revenue of $405.66 million during the quarter.

Titan America Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Monday, April 20th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Monday, April 20th. Titan America’s payout ratio is 15.69%.

Insider Buying and Selling

In other news, CFO Lawrence Hugh Jr. Wilt bought 20,000 shares of the firm’s stock in a transaction dated Thursday, March 19th. The stock was acquired at an average cost of $14.93 per share, for a total transaction of $298,600.00. Following the completion of the purchase, the chief financial officer owned 20,000 shares of the company’s stock, valued at $298,600. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. River Road Asset Management LLC increased its stake in shares of Titan America by 3.5% in the fourth quarter. River Road Asset Management LLC now owns 3,856,334 shares of the company’s stock worth $63,552,000 after buying an additional 128,624 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Titan America by 7.2% during the 4th quarter. Victory Capital Management Inc. now owns 3,417,804 shares of the company’s stock worth $56,325,000 after acquiring an additional 230,943 shares in the last quarter. Voss Capital LP increased its position in shares of Titan America by 51.6% in the 4th quarter. Voss Capital LP now owns 2,600,000 shares of the company’s stock worth $42,848,000 after purchasing an additional 885,000 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Titan America by 0.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,424,738 shares of the company’s stock worth $35,886,000 after purchasing an additional 18,448 shares during the last quarter. Finally, Millennium Management LLC acquired a new stake in shares of Titan America in the 1st quarter valued at about $9,188,000.

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”).