Titan America (NYSE:TTAM) Hits New 52-Week Low – What’s Next?

Titan America SA (NYSE:TTAM)’s share price reached a new 52-week low on Thursday . The stock 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

TTAM has been the subject of a number of research analyst reports. HSBC initiated coverage on Titan America in a report on Wednesday, March 12th. They set a “buy” rating and a $19.00 price objective for the company. Hsbc Global Res upgraded Titan America to a “strong-buy” rating in a research note on Wednesday, March 12th. Sanford C. Bernstein started 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. BNP Paribas raised shares of Titan America to a “hold” rating in a research report on Tuesday, March 4th. Finally, Stifel Nicolaus lowered their price target on shares of Titan America from $19.00 to $16.00 and set a “buy” rating on the stock in a research report on Friday, March 28th. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $17.43.

Titan America Stock Performance

Titan America (NYSE:TTAM) last released its earnings results on Wednesday, March 26th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.01). The business had revenue of $389.82 million for the quarter, compared to analysts’ expectations of $393.17 million.

Titan America Announces Dividend

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

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.