Titanium Metals Corporation ( TIE) pushed the Basic Materials sector higher today making it today's featured basic materials winner. The sector as a whole closed the day down 2.2%. By the end of trading, Titanium Metals Corporation rose 12 cents (0.8%) to $14.79 on heavy volume. Throughout the day, 2.9 million shares of Titanium Metals Corporation exchanged hands as compared to its average daily volume of 1.6 million shares. The stock ranged in a price between $14.65-$14.96 after having opened the day at $14.77 as compared to the previous trading day's close of $14.67. Other companies within the Basic Materials sector that increased today were: Kingold Jewelry ( KGJI), up 23.4%, Penn Virginia Corporation ( PVA), up 11.2%, Cereplast ( CERP), up 9.8%, and Pacific Booker Minerals ( PBM), up 9%. Titanium Metals Corporation produces and sells titanium melted and mill products. Titanium Metals Corporation has a market cap of $2.59 billion and is part of the metals & mining industry. The company has a P/E ratio of 23.1, equal to the average metals & mining industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are down 2.1% year to date as of the close of trading on Wednesday. Currently there is one analyst that rates Titanium Metals Corporation a buy, no analysts rate it a sell, and three rate it a hold. TheStreet Ratings rates Titanium Metals Corporation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.
The ex-dividend date for Titanium Metals Corporation (NYSE:TIE) is tomorrow, December 5, 2012. Owners of shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $16.53 as of 9:30 a.m., the dividend yield is 1.8%.