Titan America (NYSE:TTAM) Stock Crosses Above 50 Day Moving Average – Time to Sell?

Titan America SA (NYSE:TTAM)’s stock price crossed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $14.01 and traded as high as $14.45. Titan America shares last traded at $14.13, with a volume of 448,097 shares trading hands.

Analysts Set New Price Targets

Several research analysts have issued reports on TTAM shares. Citigroup decreased their target price on shares of Titan America from $21.00 to $18.00 and set a “buy” rating for the company in a report on Friday, October 2nd. Weiss Ratings cut shares of Titan America from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, October 20th. Stifel Nicolaus reduced their price target on shares of Titan America from $19.00 to $17.00 and set a “hold” rating for the company in a research report on Wednesday, October 28th. Finally, Zacks Research lowered shares of Titan America from a “hold” rating to a “strong sell” rating in a report on Friday, October 16th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $18.10.

Titan America Trading Up 1.9%

The stock has a fifty day moving average of $14.01 and a 200 day moving average of $16.02. 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 company has a market capitalization of $2.61 billion, a P/E ratio of 14.72, a PEG ratio of 1.19 and a beta of 1.10.

Titan America Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 11th. Investors of record on Friday, December 18th will be issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, December 18th. Titan America’s dividend payout ratio is currently 16.67%.

Hedge Funds Weigh In On Titan America

Several large investors have recently added to or reduced their stakes in TTAM. Diamond Hill Capital Management LLC Investment Advisor bought a new position in Titan America in the 2nd quarter worth $7,623,000. Ancora Advisors LLC lifted its position in shares of Titan America by 0.6% in the second quarter. Ancora Advisors LLC now owns 161,220 shares of the company’s stock valued at $3,008,000 after acquiring an additional 1,020 shares in the last quarter. Sei Investments Co. lifted its position in shares of Titan America by 23.2% in the first quarter. Sei Investments Co. now owns 131,242 shares of the company’s stock valued at $1,965,000 after acquiring an additional 24,672 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of Titan America in the first quarter worth about $1,489,000. Finally, Lazard Asset Management LLC bought a new position in shares of Titan America in the first quarter worth about $1,452,000.

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.