Titan America (NYSE:TTAM) Reaches New 1-Year High - Here's Why

Titan America SA (NYSE:TTAM - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $18.70 and last traded at $18.2910, with a volume of 79425 shares traded. The stock had previously closed at $17.98.Get Titan America alerts:Wall Street Analyst Weigh InTTAM has been the topic of a number of research reports. Wall Street Zen upgraded Titan America from a "hold" rating to a "buy" rating in a research note on Saturday, November 29th. Citigroup raised their price objective on shares of Titan America from $17.00 to $20.00 and gave the stock a "buy" rating in a report on Thursday, January 8th. Jefferies Financial Group lifted their price objective on shares of Titan America from $18.00 to $20.00 and gave the company a "buy" rating in a research note on Monday, December 15th. Finally, Sanford C. Bernstein increased their target price on Titan America from $15.00 to $17.00 and gave the stock a "market perform" rating in a research report on Friday, December 19th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Titan America presently has an average rating of "Hold" and an average price target of $17.36.Read Our Latest Report on TTAMTitan America Trading Up 3.3%The stock has a market cap of $3.42 billion and a PE ratio of 18.76. The company has a current ratio of 2.95, a quick ratio of 1.87 and a debt-to-equity ratio of 0.45. The firm has a fifty day simple moving average of $16.90 and a two-hundred day simple moving average of $15.73. Titan America (NYSE:TTAM - Get Free Report) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.31 earnings per share for the quarter, hitting the consensus estimate of $0.31. Titan America had a net margin of 10.83% and a return on equity of 19.80%. The company had revenue of $436.85 million for the quarter, compared to analysts' expectations of $439.30 million. Titan America's revenue for the quarter was up 6.2% on a year-over-year basis. Titan America Dividend AnnouncementThe business also recently disclosed a dividend, which was paid on Monday, December 29th. Stockholders of record on Wednesday, December 17th were given a dividend of $0.04 per share. The ex-dividend date was Wednesday, December 17th. Titan America's dividend payout ratio (DPR) is 16.16%. Institutional Inflows and OutflowsA number of institutional investors have recently added to or reduced their stakes in TTAM. BNP Paribas Financial Markets bought a new stake in Titan America during the second quarter worth about $28,000. Ameritas Investment Partners Inc. bought a new stake in Titan America in the 2nd quarter worth approximately $31,000. CWM LLC purchased a new stake in Titan America in the third quarter worth approximately $61,000. Police & Firemen s Retirement System of New Jersey bought a new position in Titan America during the second quarter valued at approximately $65,000. Finally, New York State Common Retirement Fund bought a new position in Titan America during the second quarter valued at approximately $96,000. About Titan America (Get Free Report)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. We are a leading provider of heavy building materials in Florida, the New York and New Jersey Metropolitan area (“Metro New York”), Virginia, North Carolina and South Carolina (Virginia and the Carolinas, together with Metro New York and their adjacent areas, the “Mid-Atlantic”).Read MoreFive stocks we like better than Titan AmericaNEW LAW: Congress Approves Setup For Digital Dollar?Wall Street Turns Bullish on USAU as Gold Hits New Record!~$1.5T SpaceX IPO: Pre-IPO OpportunityALERT: Drop these 5 stocks before the market opens tomorrow!Trump’s AI Secret: 100X Faster Than NvidiaThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Titan America Right Now?Before you consider Titan America, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Titan America wasn't on the list.While Titan America currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here