Titan America (NYSE:TTAM) Issues Earnings Results, Meets Expectations

Titan America (NYSE:TTAM) announced its quarterly earnings data on Wednesday. The company reported $0.31 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.31, Zacks reports. The company 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 21.42% and a net margin of 10.83%.The business’s quarterly revenue was up 6.2% compared to the same quarter last year. Titan America updated its FY 2025 guidance to EPS.

Titan America Stock Performance

NYSE:TTAM traded up $0.19 during trading hours on Friday, reaching $15.50. 77,909 shares of the stock were exchanged, compared to its average volume of 376,002. Titan America has a 52 week low of $10.80 and a 52 week high of $17.78. The firm has a 50 day simple moving average of $15.16 and a 200-day simple moving average of $14.37. The company has a quick ratio of 1.36, a current ratio of 2.30 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $2.86 billion and a P/E ratio of 15.66.

Titan America Announces Dividend

The business also recently announced a dividend, which will be paid on Monday, December 29th. Stockholders of record on Wednesday, December 17th will be given a $0.04 dividend. The ex-dividend date of this dividend is Wednesday, December 17th. Titan America’s payout ratio is presently 23.53%.

Institutional Trading of Titan America

Several large investors have recently added to or reduced their stakes in TTAM. Rhumbline Advisers boosted its stake in Titan America by 3.0% during the 3rd quarter. Rhumbline Advisers now owns 24,073 shares of the company’s stock valued at $360,000 after purchasing an additional 691 shares in the last quarter. BNP Paribas Financial Markets bought a new position in Titan America during the second quarter valued at about $28,000. New York State Common Retirement Fund acquired a new position in Titan America during the second quarter worth about $96,000. JPMorgan Chase & Co. acquired a new stake in Titan America in the 2nd quarter valued at about $149,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Titan America during the 2nd quarter valued at about $166,000.

Analysts Set New Price Targets

Several brokerages have weighed in on TTAM. Stifel Nicolaus restated a “hold” rating and set a $15.00 target price (down from $17.00) on shares of Titan America in a research report on Monday, July 28th. Bank of America reaffirmed an “underperform” rating and issued a $14.00 price objective on shares of Titan America in a research note on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $17.07.

About Titan America

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.