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

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

Titan America Stock Performance

NYSE TTAM 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 announced its quarterly earnings data on Wednesday, March 26th. The company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The firm had revenue of $389.82 million during the quarter, compared to analyst estimates of $393.17 million.

Analysts Set New Price Targets

A number of research firms have issued reports on TTAM. Sanford C. Bernstein started coverage on shares of Titan America in a research report on Tuesday, March 4th. They set a “market perform” rating and a $17.00 price target for the company. The Goldman Sachs Group reduced their target price on shares of Titan America from $19.00 to $16.50 and set a “neutral” rating for the company in a report on Friday, March 28th. Citigroup assumed coverage on shares of Titan America in a report on Tuesday, March 4th. They issued a “buy” rating and a $19.00 price target on the stock. Stifel Nicolaus reduced their price objective on Titan America from $19.00 to $16.00 and set a “buy” rating for the company in a research note on Friday, March 28th. Finally, HSBC initiated coverage on Titan America in a report on Wednesday, March 12th. They set a “buy” rating and a $19.00 target price on the stock. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Titan America currently has a consensus rating of “Moderate Buy” and an average price target 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.