Titan America (NYSE:TTAM) Reaches New 12-Month Low - Here's Why

Shares of Titan America SA (NYSE:TTAM - Get Free Report) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $11.15 and last traded at $11.18, with a volume of 328054 shares trading hands. The stock had previously closed at $11.52.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Sanford C. Bernstein began coverage on shares of Titan America in a research report on Tuesday, March 4th. They set a "market perform" rating and a $17.00 price objective on the stock. Stifel Nicolaus reduced their price objective on Titan America from $19.00 to $16.00 and set a "buy" rating for the company in a research note on Friday, March 28th. Bank of America dropped their target price on Titan America from $16.50 to $15.50 and set a "neutral" rating on the stock in a report on Thursday, March 27th. Citigroup initiated coverage on shares of Titan America in a research report on Tuesday, March 4th. They set a "buy" rating and a $19.00 price objective on the stock. Finally, Jefferies Financial Group began coverage on shares of Titan America in a research report on Wednesday, March 5th. They issued a "buy" rating and a $19.00 target price for the company. Four research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $17.43.

Titan America Price Performance

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Titan America (NYSE:TTAM - Get Free Report) last released its quarterly earnings results on Wednesday, March 26th. The company reported $0.21 EPS for the quarter, missing analysts' consensus estimates of $0.22 by ($0.01). The firm had revenue of $389.82 million for the quarter, compared to the consensus estimate of $393.17 million.

Titan America Announces Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, April 7th will be given a dividend of $0.38 per share. This represents a dividend yield of 5.73%. The ex-dividend date of this dividend is Friday, April 4th.

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.