Soros Fund Management LLC Boosts Position in Titan America SA $TTAM

Soros Fund Management LLC raised its position in shares of Titan America SA (NYSE:TTAM) by 46.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 476,406 shares of the company’s stock after purchasing an additional 150,712 shares during the quarter. Soros Fund Management LLC owned 0.26% of Titan America worth $5,946,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Ameritas Investment Partners Inc. bought a new position in Titan America in the second quarter worth approximately $31,000. Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of Titan America in the 2nd quarter worth $65,000. New York State Common Retirement Fund bought a new position in Titan America in the 2nd quarter worth $96,000. PNC Financial Services Group Inc. purchased a new position in Titan America during the first quarter valued at $135,000. Finally, JPMorgan Chase & Co. bought a new stake in Titan America during the second quarter valued at about $149,000.

Analyst Ratings Changes

Separately, Wall Street Zen raised Titan America from a “hold” rating to a “buy” rating in a research note on Saturday, November 29th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $17.07.

Titan America Stock Performance

TTAM stock opened at $16.93 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.95 and a quick ratio of 1.87. The company has a market capitalization of $3.12 billion and a P/E ratio of 17.10. The business has a 50-day moving average price of $15.39 and a 200 day moving average price of $14.74. Titan America SA has a 1-year low of $10.80 and a 1-year high of $17.78.

Titan America (NYSE:TTAM) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.31 earnings per share for the quarter, hitting the consensus estimate of $0.31. The firm had revenue of $436.85 million during the quarter, compared to analysts’ expectations of $439.30 million. Titan America had a net margin of 10.83% and a return on equity of 19.80%. The company’s revenue was up 6.2% compared to the same quarter last year.

Titan America Announces Dividend

The business also recently disclosed a dividend, which will be paid on Monday, December 29th. Investors of record on Wednesday, December 17th will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Wednesday, December 17th. Titan America’s dividend payout ratio (DPR) is presently 16.16%.

Titan America Profile

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.