Titan America (NYSE:TTAM) Hits New 1-Year Low – Should You Sell?

Titan America SA (NYSE:TTAM) shares reached 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 changing hands. The stock had previously closed at $13.92.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on TTAM shares. Citigroup began 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 for the company. Bank of America dropped their price target on Titan America from $16.50 to $15.50 and set a “neutral” rating for the company in a research note on Thursday, March 27th. Sanford C. Bernstein began coverage on 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 dropped their target price on Titan America from $19.00 to $16.00 and set a “buy” rating for the company in a research report on Friday, March 28th. Finally, 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 report on Friday, March 28th. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Titan America has an average rating of “Moderate Buy” and a consensus target price of $17.43.

Titan America Trading Down 5.6 %

Titan America (NYSE:TTAM) last posted its quarterly earnings data on Wednesday, March 26th. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates 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 company 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 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.