Titan America (NYSE:TTAM) Sets New 1-Year Low – Here’s What Happened

Titan America SA (NYSE:TTAM) shares hit a new 52-week low on Thursday . The company traded as low as $12.59 and last traded at $12.84, with a volume of 177593 shares. The stock had previously closed at $13.92.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Stifel Nicolaus reduced their target price on shares of Titan America from $19.00 to $16.00 and set a “buy” rating on the stock in a report on Friday, March 28th. Sanford C. Bernstein started coverage on Titan America in a research report on Tuesday, March 4th. They issued a “market perform” rating and a $17.00 price objective on the stock. The Goldman Sachs Group reduced their price target on Titan America from $19.00 to $16.50 and set a “neutral” rating on the stock in a research note on Friday, March 28th. Bank of America dropped their target price on shares of Titan America from $16.50 to $15.50 and set a “neutral” rating on the stock in a research note on Thursday, March 27th. Finally, BNP Paribas upgraded shares of Titan America to a “hold” rating in a report on Tuesday, March 4th. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Titan America presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.43.

Titan America Price Performance

Titan America (NYSE:TTAM) last issued its quarterly earnings data on Wednesday, March 26th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.01). The company had revenue of $389.82 million during the quarter, compared to the consensus estimate of $393.17 million.

Titan America Announces Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, April 7th will be issued a $0.38 dividend. This represents a 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.