Victory Capital Management Inc. Decreases Stock Holdings in Titan America SA $TTAM

Victory Capital Management Inc. cut its holdings in Titan America SA (NYSE:TTAM) by 5.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,186,861 shares of the company’s stock after selling 188,297 shares during the quarter. Victory Capital Management Inc.’s holdings in Titan America were worth $47,612,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of TTAM. Quantbot Technologies LP bought a new position in Titan America during the third quarter valued at $242,000. Intech Investment Management LLC increased its holdings in shares of Titan America by 7.1% in the 3rd quarter. Intech Investment Management LLC now owns 13,622 shares of the company’s stock worth $204,000 after buying an additional 898 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Titan America by 152.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 25,203 shares of the company’s stock worth $377,000 after buying an additional 15,203 shares during the last quarter. Rhumbline Advisers raised its position in shares of Titan America by 3.0% during the 3rd quarter. Rhumbline Advisers now owns 24,073 shares of the company’s stock valued at $360,000 after buying an additional 691 shares in the last quarter. Finally, Keybank National Association OH lifted its holdings in shares of Titan America by 16.2% in the 3rd quarter. Keybank National Association OH now owns 17,900 shares of the company’s stock valued at $267,000 after acquiring an additional 2,500 shares during the last quarter.

Titan America Price Performance

Titan America stock opened at $16.05 on Friday. Titan America SA has a 12-month low of $10.80 and a 12-month high of $19.42. The company has a current ratio of 2.95, a quick ratio of 1.87 and a debt-to-equity ratio of 0.45. The firm has a 50-day moving average price of $17.69 and a 200-day moving average price of $16.29. The firm has a market capitalization of $2.96 billion and a PE ratio of 16.21.

Titan America Announces Dividend

The company also recently disclosed a dividend, which was paid on Monday, December 29th. Shareholders of record on Wednesday, December 17th were paid a $0.04 dividend. The ex-dividend date of this dividend was Wednesday, December 17th. Titan America’s dividend payout ratio (DPR) is presently 16.16%.

Analyst Ratings Changes

Several brokerages have weighed in on TTAM. Wall Street Zen raised Titan America from a “hold” rating to a “buy” rating in a research note on Saturday, November 29th. Citigroup raised their price objective on Titan America from $17.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. Jefferies Financial Group lifted their target price on Titan America from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Monday, December 15th. Finally, Sanford C. Bernstein boosted their target price on Titan America from $15.00 to $17.00 and gave the company a “market perform” rating in a research report on Friday, December 19th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Titan America presently has a consensus rating of “Hold” and a consensus target price of $17.36.

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. We are a leading provider of heavy building materials in Florida, the New York and New Jersey Metropolitan area (“Metro New York”), Virginia, North Carolina and South Carolina (Virginia and the Carolinas, together with Metro New York and their adjacent areas, the “Mid-Atlantic”).