Titan America SA research snapshot
TTAM AI stock analysis currently reads Titan America SA as a defensible building materials franchise along the US East Coast, with strong Mid-Atlantic and data center driven demand, but with temporary Florida headwinds and a cyclical earnings profile. This analysis is not a certain price prediction. At the August 4, 2026 data cutoff, the stock traded at $15.86 on August 3 at 3:50 PM EDT, up 0.38 or 2.45% from the $15.48 July 31 close, within a session range reported near $15.39 to $15.89, and the market capitalization was about $2.92 billion. The Q2 2026 report, released July 28, 2026, beat on revenue with growth of 9.6% to $471 million including a $20 million Keystone contribution, while adjusted EBITDA rose 1.3% to $101 million with the margin down about 180 basis points to 21.4% and EPS of $0.23 versus $0.28 a year earlier, largely on a longer Pennsuco maintenance outage, Mediterranean port import delays, and Keystone transaction costs. Management raised full year 2026 guidance to high single digit revenue growth with a modest adjusted EBITDA margin decline of about 25 to 50 basis points. The central question is whether infrastructure, private non-residential, and Virginia data center construction demand plus Keystone synergies can offset Florida softness and rising leverage as the business trades near 16.5x trailing earnings and 13.35x forward earnings. This is informational research and not investment advice.
Current price
$15.86 at the August 3, 2026, 3:50 PM EDT reading, up 0.38 or 2.45% from the $15.48 July 31 close, within a session range reported near $15.39 to $15.89 after opening at $15.58, with the daily history table showing an August 3 reference close of $15.53 up 0.32%
Market cap
About $2.92 billion, reported by StockAnalysis.com at the August 3 reading and matching the $15.86 price times 184.36 million shares outstanding, with Google Finance reporting $2.90 billion and Yahoo Finance reporting $2.894 billion
AI score
56 / 100
Rating
Solid franchise, cyclical short-term headwinds, reasonable valuation
Trend status
Below the 5-day, 20-day, 50-day, and 200-day moving averages after a post-earnings pullback, with 14-day RSI near 34 approaching oversold
Data cutoff (updated monthly)
August 4, 2026
Informational use only. This page is not investment advice.
| Dimension | Conclusion | Confidence |
|---|---|---|
| Business quality | Titan America produces and sells cement, ready-mix concrete, aggregates, concrete blocks, and fly ash across the US East Coast from New York to Miami and into parts of Pennsylvania, Ohio, Delaware, and Maryland after the Keystone acquisition, with revenue depending on public infrastructure, private non-residential, residential, and data center construction spending. Q2 2026 revenue grew 9.6% to $471 million. | Medium |
| Moat | Local permitted aggregate and cement plant locations create a natural transportation cost moat that competitors cannot easily replicate. Ready-mix delivery radius, vertical integration across cement, aggregates, and ready-mix, the ProAsh fly ash brand with more than 30 million tons sold since 1995, and scale along the East Coast add competitive advantage. | Medium |
| Management | Titan America operates as part of the Titan Cement International group, a family led business with a long heritage, led by President and CEO Bill Zarkalis and CFO Larry Wilt. Key monitoring areas include the Keystone integration with at least $30 million of annual synergies targeted by 2029, the $30 million fly ash recycling plant investment, and capital allocation as leverage rose to 1.37x. | Medium |
| Financial trend | TTM revenue was about $1.71 billion and TTM net income was about $177.22 million with EPS of $0.96. Q2 2026 adjusted EBITDA was $101 million with the margin down about 180 basis points to 21.4% on the Pennsuco outage and import disruptions, while first half 2026 operating cash flow rose to $137 million from $108 million. | Medium |
| Valuation | The stock traded near 16.47x TTM earnings, 13.35x forward earnings, 1.69x sales, 2.62x book value, and 9.05x EV/EBITDA at the cutoff. For a cyclical building materials business with an improving but still moderate growth profile, these multiples are reasonable but offer only a modest margin of safety. | Medium |
| Technical trend | TTAM traded at $15.86 on August 3, 2026 at 3:50 PM EDT, below the 5-day moving average near $16.10, the 20-day near $16.86, the 50-day near $16.96, and the 200-day near $16.52, with 14-day RSI near 34.02 after the post-earnings drop from above $17. | Medium-low |
| Risk level | Key risks include construction cycle sensitivity, weaker residential demand in Florida, Mediterranean port import disruptions, energy and fuel cost inflation, a 1.37x leverage ratio after the Keystone acquisition, a small float of about 24.55 million shares with only 16.26% institutional ownership, and a short independent trading history. | Medium |
| AI confidence | High confidence for the business profile, financial filings, valuation math, and risk categories that cross-validated across StockAnalysis.com, Google Finance, and Yahoo Finance. Lower confidence for forward estimates because construction cycles and near-term Florida logistics are inherently uncertain. | High data confidence |
| Investment certainty | Low-medium certainty. TTAM has a defensible local-deposit position and infrastructure and data center tailwinds, but the cyclical exposure, the short track record, the temporary Florida headwinds, and the higher leverage create a moderate path for risk adjusted returns with limited margin for error in a downturn. | Low-medium |
TTAM AI stock forecast
The TTAM AI stock forecast uses scenario ranges around the $15.86 August 3, 2026 reading and the FY2026 consensus adjusted EPS of about $1.11. It does not claim that AI can predict a specific future price. The bullish case requires sustained infrastructure and data center construction spending, successful Keystone synergy delivery, and a recovery in Florida. The base case assumes revenue grows at the raised high single digit guidance with a modest margin decline. The bearish case assumes a construction downturn, persistent Florida and import cost pressure, or multiple compression.
$20 to $24
More likely if US infrastructure, private non-residential, and Virginia data center construction spending stays strong, Titan America executes the Keystone synergies toward the at least $30 million target by 2029, Florida normalizes after the outage and import disruptions, and the market rewards the stock with a premium building materials multiple near 15x to 17x forward EPS.
$14 to $18
More likely if revenue grows at the guided high single digit pace, the adjusted EBITDA margin declines only modestly by about 25 to 50 basis points, EPS lands near the consensus of about $1.11, and the stock holds near 13x to 14x forward earnings, reflecting a normal cyclical valuation.
$9 to $13
More likely if a construction cycle downturn, persistent Florida residential softness, higher energy and import costs, or slower Keystone integration reduce revenue and margins, and investors re-rate TTAM toward the 9x to 10x forward multiple area implied by a low analyst target of $15.
TTAM AI technical analysis
TTAM AI technical analysis starts from the $15.86 August 3, 2026, 3:50 PM EDT reading used for this August 4 static page. The stock fell about 9% on July 29 after the Q2 2026 report and closed at $15.48 on July 31 before bouncing near $15.86, and it now sits below the 5-day moving average near $16.10, the 20-day near $16.86, the 50-day near $16.96, and the 200-day near $16.52, with 14-day RSI near 34.02 approaching oversold. The 52-week range of $13.78 to $19.57 frames the broader band. The 5-day and 20-day moving averages were computed from the StockAnalysis.com daily closing price history, and the 50-day and 200-day values come from the StockAnalysis.com statistics page. Because this page does not fetch request time market data, traders should confirm levels on a live chart before acting.
| Level | Value | Why it matters |
|---|---|---|
| Current price | $15.86 | StockAnalysis.com real-time quote at the August 3, 2026, 3:50 PM EDT reading, up 0.38 or 2.45% from the $15.48 July 31 close within a session range reported near $15.39 to $15.89 after opening at $15.58; the daily history table shows an August 3 reference close of $15.53 up 0.32%, and the implied market cap near $2.92 billion matches the price times 184.36 million shares outstanding. |
| 5-day moving average | $16.10 | Computed as the simple average of the five closing prices through August 3, 2026 in the StockAnalysis.com daily price history, above the current price and a first resistance reference after the post-earnings drop. |
| Near resistance | $16.86 to $16.96 | The 20-day moving average computed near $16.86 from the StockAnalysis.com daily price history and the 50-day moving average near $16.96 on the StockAnalysis.com statistics page form a resistance cluster just above the current price. |
| Next resistance | $17.60 to $17.70 | The July 28, 2026 earnings day close near $17.62 and the early July trading area near $17.70 act as the next overhead zone before the stock returns to its June to July range. |
| Secondary resistance | $19.57 | The 52-week high set in late June 2026. A decisive breakout above this level would need volume confirmation and a sustained recovery in Florida and residential demand. |
| Near support | $15.39 to $15.48 | The August 3 session low near $15.39 and the July 31 closing low near $15.48 form the immediate support zone that the post-earnings pullback is testing. |
| Secondary support | $13.78 to $14.00 | The 52-week low at $13.78 per StockAnalysis.com (with Google Finance and Yahoo Finance reporting $13.82). A break below this area would represent a new low since listing. |
| Momentum | RSI near 34.0 | The 14-day RSI was near 34.02 on StockAnalysis.com statistics on August 3, 2026, approaching oversold after the post-earnings decline. |
| Volume | About 257,000 shares average | Average volume was about 257,024 shares over 20 days on StockAnalysis.com statistics, with the July 29 earnings reaction day seeing about 643,520 shares. The float is small at about 24.55 million shares, so position sizing should account for wider bid-ask spreads. |
| Volatility | Elevated, 52-week range $13.78 to $19.57 | The wide 52-week range and the roughly 9% one day drop after earnings imply a moderate to elevated volatility profile for a recently listed building materials stock with low institutional ownership. |
| Invalidation | Close below $15.39, then $13.78 | A close below the recent $15.39 to $15.48 support zone would extend the downtrend. A break below the 52-week low at $13.78 would challenge the longer term uptrend since listing. |
TTAM AI trading strategy
The TTAM AI trading strategy is a rules-based research framework, not personalized advice. It combines filing backed business evidence, technical confirmation, position sizing, and clear invalidation levels.
Look for TTAM to reclaim and hold the 20-day moving average near $16.86 and the 50-day near $16.96 with improving volume before treating momentum as confirmed. A move back toward the July 28 earnings day close near $17.62 would strengthen the case, and a breakout above the 52-week high at $19.57 would mark a full recovery.
A failed recovery or daily close below $15.39 should reduce confidence in the setup. Do not treat the bounce as a trend change until price holds above the 20-day and 50-day averages.
If TTAM holds the $15.39 to $15.48 support zone with 14-day RSI near 34 approaching oversold, compare price stabilization with Florida import normalization, cement pricing data, Keystone integration updates, and quarterly order patterns before acting.
Do not average down solely because TTAM has infrastructure and data center exposure. Define a maximum loss and review construction cycle indicators and the small float liquidity first.
Track quarterly revenue and margin trends, the high single digit revenue growth guidance, Keystone integration and synergy milestones, the $30 million fly ash recycling plant build, Virginia data center participation, cement and ready-mix pricing, and the 1.37x leverage ratio.
Lower the rating if adjusted EBITDA margin declines more than the guided 25 to 50 basis points, leverage rises further, free cash flow turns negative, or Florida import and residential headwinds extend into the second half of 2026.
Investment research summary
Titan America turns local cement plants, aggregate quarries, and ready-mix concrete operations into building materials sold to public infrastructure, private non-residential, residential, and data center customers along the US East Coast, supplemented by concrete block and fly ash product lines and the Keystone cement acquisition in Pennsylvania, Ohio, Delaware, and Maryland.
The moat comes from permitted aggregate deposit and cement plant locations that competitors cannot easily replicate locally, moderate switching costs in ready-mix delivery radius, vertical integration across cement, aggregates, and concrete production, the ProAsh fly ash brand, and scale along the US East Coast from New York to Miami.
The thesis can fail if US construction spending slows, residential demand stays weak in Florida, Mediterranean port import disruptions and energy costs persist, Keystone synergies take longer than the at least $30 million by 2029 target, leverage keeps rising from the 1.37x level, or the short public track record hides parent company dependencies.
Titan America has operated since 1989 as part of the Titan Cement International group, a family led business, led by President and CEO Bill Zarkalis and CFO Larry Wilt. Key monitoring items include Keystone integration, capital allocation after the post-acquisition leverage increase, and the fly ash recycling plant investment.
Titan America operates in the building materials industry, which benefits from long term US infrastructure spending, population growth in the Sun Belt and East Coast, and Virginia data center construction where the company participates in more than 50% of projects under construction in its serviceable market. The industry is cyclical and sensitive to interest rates, public budget cycles, and residential construction starts.
At roughly 16.47x TTM earnings, 13.35x forward earnings, and 9.05x EV/EBITDA with a 1.37x leverage ratio, the price reflects reasonable expectations about steady construction demand. The valuation offers a moderate margin of safety but does not price in a severe cyclical downturn or a prolonged Florida soft patch.
Source-backed data
Every metric below includes a source and last verification date.
| Metric | Value | Source | Last verified |
|---|---|---|---|
| TTAM price | $15.86 at the August 3, 2026, 3:50 PM EDT reading, up 0.38 or 2.45% from the $15.48 July 31 close, within a session range reported near $15.39 to $15.89 after opening at $15.58, with the daily history table showing an August 3 reference close of $15.53 up 0.32%; Google Finance showed $15.81 at 3:55 PM and Yahoo Finance showed $15.70 at 2:42 PM | StockAnalysis.com real-time quote and daily price history | August 4, 2026 |
| Market capitalization | About $2.92 billion, reported by StockAnalysis.com at the August 3 reading and matching the $15.86 price times 184.36 million shares outstanding (verified at 0.14% deviation with financial_rigor.py), with Google Finance reporting $2.90 billion and Yahoo Finance reporting $2.894 billion | StockAnalysis.com quote and statistics, Google Finance, Yahoo Finance, financial_rigor.py | August 4, 2026 |
| Enterprise value | $3.40 billion on StockAnalysis.com statistics, consistent with the $2.92 billion market cap plus net debt | StockAnalysis.com statistics | August 4, 2026 |
| TTM revenue | About $1.71 billion, cross-validated across StockAnalysis.com, Google Finance, and Yahoo Finance with less than 1% deviation in financial_rigor.py | financial_rigor.py cross-validation, StockAnalysis.com, Google Finance, Yahoo Finance | August 4, 2026 |
| TTM net income | $177.22 million, matching StockAnalysis.com statistics and Google Finance and Yahoo Finance financials with no deviation in financial_rigor.py | financial_rigor.py cross-validation, StockAnalysis.com, Google Finance, Yahoo Finance | August 4, 2026 |
| Diluted EPS (TTM) | $0.96 | StockAnalysis.com statistics and Yahoo Finance | August 4, 2026 |
| Q2 2026 revenue and growth | $471 million, up 9.6% from $429 million in Q2 2025, of which Keystone contributed $20 million, beating the consensus of about $444.49 million | Titan America Q2 2026 earnings call and release, StockAnalysis.com transcript | August 4, 2026 |
| Q2 2026 adjusted EBITDA and margin | Adjusted EBITDA of $101 million versus $99 million a year earlier, up 1.3%, with the adjusted EBITDA margin at 21.4% versus 23.2%, down about 180 basis points on the Pennsuco outage, import disruptions, and higher costs | Titan America Q2 2026 earnings call | August 4, 2026 |
| Q2 2026 net income and EPS | Net income of $43 million versus $51 million in Q2 2025, with EPS of $0.23 versus $0.28, with about $0.03 of the decline attributable to Keystone related transaction costs and a one-time tax charge | Titan America Q2 2026 earnings call | August 4, 2026 |
| Q2 2026 segment results | Mid-Atlantic external revenue up 27% to $214 million with adjusted EBITDA up 30% to $53 million and margin improving to 24.7%, while Florida external revenue fell 1.6% to $257 million with adjusted EBITDA down to $51 million and margin at 19.7% on the outage and import disruptions | Titan America Q2 2026 earnings call | August 4, 2026 |
| Q2 2026 volumes and pricing | Cement volumes up 10% including Keystone with like for like roughly flat, aggregates down 1.3%, fly ash up 12%, ready-mix up 2.6%, and concrete block up 8.3%; cement pricing down 1.5%, ready-mix pricing up 4.4%, and concrete block pricing down 2.6% | Titan America Q2 2026 earnings call | August 4, 2026 |
| 2026 guidance | High single digit revenue growth for full year 2026 versus 2025, a modest decline in adjusted EBITDA margin of about 25 to 50 basis points on the lower starting Keystone contribution, and at least $30 million of annual Keystone synergies targeted by 2029 | Titan America Q2 2026 earnings call | August 4, 2026 |
| Cash and cash equivalents | $36.38 million as of June 30, 2026 per StockAnalysis.com balance sheet, with the company reporting $36 million on the earnings call | StockAnalysis.com balance sheet and Titan America Q2 2026 earnings call | August 4, 2026 |
| Cash plus short-term investments | $65.73 million as of June 30, 2026, including $29.35 million of short-term investments | StockAnalysis.com balance sheet | August 4, 2026 |
| Total debt | $574.08 million as of June 30, 2026, with about $502.04 million long-term and the balance short-term and lease liabilities, funded partly by a Keystone term loan issued in April 2026 with maturity in February 2031 | StockAnalysis.com balance sheet and Titan America Q2 2026 earnings call | August 4, 2026 |
| Net debt and leverage | Net debt of $508.35 million per StockAnalysis.com balance sheet using cash plus short-term investments, with the company reporting net debt of $538 million using cash of $36 million, and a leverage ratio of 1.37x trailing twelve months adjusted EBITDA, up from 0.64x at the start of the year | StockAnalysis.com balance sheet and Titan America Q2 2026 earnings call | August 4, 2026 |
| Shares outstanding | 184.36 million shares outstanding, up 3.22% year over year | StockAnalysis.com statistics and Google Finance | August 4, 2026 |
| Quarterly revenue trend | Q2 2026 $470.63M, Q1 2026 $398.42M, Q4 2025 $405.66M, Q3 2025 $436.85M | Google Finance income statement | August 4, 2026 |
| Quarterly net income trend | Q2 2026 $43.27M, Q1 2026 $33.02M, Q4 2025 $43.51M, Q3 2025 $57.42M | Google Finance income statement | August 4, 2026 |
| Valuation math | 16.47x trailing PE, 13.35x forward PE, 1.69x sales, 2.62x book, 9.05x EV/EBITDA, 18.31x P/FCF, and 1.99x EV/revenue from StockAnalysis.com statistics, with financial_rigor.py confirming 16.52x PE, 2.69x PB, 18.44x P/FCF, and 1.01% dividend yield at the $15.86 price | financial_rigor.py valuation verification and StockAnalysis.com | August 4, 2026 |
| Three-scenario valuation | Using the FY2026 consensus adjusted EPS of about $1.11, the financial_rigor.py three-scenario model produced a bullish price near $22.20 at 10% growth and 15x, a base price near $15.40 at 5% growth and 12x, and a bearish price near $9.40 at negative 2% growth and 9x over three years | financial_rigor.py three-scenario valuation | August 4, 2026 |
| Analyst consensus | Hold with an average target of $18.64 across 7 analysts, low $15 and high $22, median $18.50, with 2 Strong Buy, 0 Buy, 4 Hold, and 1 Sell | StockAnalysis.com forecast and analyst ratings | August 4, 2026 |
| Recent analyst target updates | Stifel raised its target to $19 from $18 with a Hold rating on July 29, Citi lowered its target to $21 from $22 with a Buy rating on July 29, Bernstein held at $17 on June 29, HSBC downgraded to Hold at $19 on May 7, and Bank of America Securities reiterated Sell at $15 on May 6 | StockAnalysis.com forecast and ratings | August 4, 2026 |
| FY2026 and FY2027 consensus estimates | FY2026 revenue estimate about $1.78 billion with adjusted EPS about $1.11, and FY2027 revenue estimate about $1.92 billion with adjusted EPS about $1.26 | StockAnalysis.com forecast financial forecast | August 4, 2026 |
| Short interest | 2.73 million shares short, 1.48% of shares outstanding and 11.13% of the float, with a short ratio of about 9.98 days to cover | StockAnalysis.com statistics short selling | August 4, 2026 |
| Operating and free cash flow | Operating cash flow of $323.92 million and free cash flow of $158.16 million over the trailing twelve months, with first half 2026 operating cash flow of $137 million versus $108 million and free cash flow of $50 million versus $26 million | StockAnalysis.com statistics and cash flow statement, Titan America Q2 2026 earnings call | August 4, 2026 |
| Dividend | Annual distribution of $0.16 per share with a 1.01% yield, a new issue premium distribution of $0.04 per share declared for the third quarter payable October 9, 2026 to shareholders of record as of October 1, 2026, with a payout ratio of about 16.68% | StockAnalysis.com dividend and Titan America Q2 2026 earnings call | August 4, 2026 |
| Keystone Cement acquisition | Completed in the second quarter of 2026, expanding Titan America into Pennsylvania, Ohio, Delaware, and Maryland, contributing about $20 million of Q2 revenue with about $100 million of prior annual revenue, funded with cash and a new term loan, and targeted to deliver at least $30 million of annual run rate synergies by 2029 | Titan America Q2 2026 earnings call and StockAnalysis.com news | August 4, 2026 |
| Fly ash recycling plant | Separation Technologies subsidiary agreed to develop a fly ash recycling plant at the Brunner Island Steam Electric Station in Pennsylvania with about $30 million of investment, capacity to handle 600,000 tons of landfill material per year producing about 400,000 tons of concrete grade fly ash, fully operational in the third quarter of 2027 | Titan America Q2 2026 earnings call | August 4, 2026 |
| Data center exposure | Virginia holds an estimated 30% share of the global hyperscale market, Titan America participates in more than 50% of data centers under construction in its serviceable market area, including 77 of 148 projects under construction in Virginia, with about 250 additional projects in the pre-construction phase | Titan America Q2 2026 earnings call | August 4, 2026 |
| Technical snapshot | 5-day moving average near $16.10 and 20-day moving average near $16.86 computed from StockAnalysis.com daily price history, 50-day moving average near $16.96 and 200-day moving average near $16.52 on StockAnalysis.com statistics, 14-day RSI near 34.02, 20-day average volume near 257,024 shares, and a 52-week range of $13.78 to $19.57 | StockAnalysis.com statistics and daily price history | August 4, 2026 |
This TTAM AI stock analysis is an informational tool for research and education only. It is not investment advice, a recommendation, or a guarantee of future performance. Forecast ranges are scenarios based on available data as of August 4, 2026 and can be wrong.
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