Titan America SA Plans Dividend of $0.38 (NYSE:TTAM)

Titan America SA (NYSE:TTAM) announced a dividend on Tuesday, April 1st, investing.com reports. Investors of record on Monday, April 7th will be paid a dividend of 0.38 per share on Tuesday, April 15th. This represents a yield of 5.73%. The ex-dividend date is Friday, April 4th.

Titan America Price Performance

TTAM stock opened at $13.16 on Wednesday. Titan America has a 1 year low of $12.61 and a 1 year high of $17.78.

Titan America (NYSE:TTAM) last posted its 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 analyst estimates of $393.17 million.

Wall Street Analysts Forecast Growth

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

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.