Titan America (NYSE:TTAM) Stock Gets Price Target Cut from Stifel Nicolaus

Titan America (NYSE:TTAM) had its price objective trimmed by Stifel Nicolaus from $19.00 to $17.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a hold rating on the stock.

A number of other equities research analysts have also commented on the company. Weiss Ratings lowered Titan America from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, October 20th. Zacks Research downgraded Titan America from a “hold” rating to a “strong sell” rating in a report on Friday, October 16th. Finally, Citigroup reduced their price target on shares of Titan America from $21.00 to $18.00 and set a “buy” rating for the company in a research report on Friday, October 2nd. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $18.10.

Titan America Trading Down 1.1%

Titan America stock opened at $13.88 on Wednesday. Titan America has a 52 week low of $12.88 and a 52 week high of $19.57. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.17 and a current ratio of 2.08. The firm has a market capitalization of $2.56 billion, a price-to-earnings ratio of 14.61, a P/E/G ratio of 1.24 and a beta of 1.10. The company has a 50 day moving average price of $14.03 and a 200 day moving average price of $16.04.

Titan America (NYSE:TTAM) last announced its earnings results on Tuesday, July 28th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.06). The firm had revenue of $470.63 million for the quarter. Titan America had a net margin of 10.35% and a return on equity of 17.03%. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.28 earnings per share. Research analysts forecast that Titan America will post 1.06 EPS for the current year.

Titan America Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 11th. Stockholders of record on Friday, December 18th will be paid a dividend of $0.04 per share. The ex-dividend date is Friday, December 18th. This represents a $0.16 annualized dividend and a dividend yield of 1.2%. Titan America’s dividend payout ratio is 16.67%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Diamond Hill Capital Management LLC Investment Advisor bought a new position in Titan America during the second quarter valued at about $7,623,000. Renaissance Technologies LLC bought a new stake in shares of Titan America during the 1st quarter worth about $1,489,000. Lazard Asset Management LLC bought a new stake in shares of Titan America during the 1st quarter worth about $1,452,000. Principal Financial Group Inc. bought a new stake in shares of Titan America during the 1st quarter worth about $1,167,000. Finally, Squarepoint Ops LLC acquired a new position in shares of Titan America during the 2nd quarter valued at about $915,000.

Titan America Company Profile

Titan America is a building materials company that produces and supplies cement, ready-mix concrete, aggregates and other construction products. Its materials are used in residential, commercial, infrastructure and other construction projects.

The company operates cement manufacturing facilities, distribution terminals, aggregate quarries and ready-mix concrete plants. Its product portfolio also includes concrete masonry products and related materials used by contractors, concrete producers and construction companies.

Titan America serves customers primarily across the eastern and southeastern United States, with operations and distribution capabilities covering markets including Florida, Virginia, the Carolinas, the Mid-Atlantic and the Northeast.