Titan America (NYSE:TTAM) CFO Purchases $298,600.00 in Stock

Titan America SA (NYSE:TTAM) CFO Lawrence Hugh Jr. Wilt purchased 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 19th. The shares were acquired at an average cost of $14.93 per share, with a total value of $298,600.00. Following the completion of the transaction, the chief financial officer owned 20,000 shares in the company, valued at $298,600. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Titan America Stock Up 5.2%

NYSE:TTAM traded up $0.74 during mid-day trading on Monday, hitting $14.94. The company had a trading volume of 513,890 shares, compared to its average volume of 371,061. The business has a fifty day simple moving average of $17.44 and a 200-day simple moving average of $16.30. The company has a current ratio of 3.03, a quick ratio of 1.91 and a debt-to-equity ratio of 0.43. Titan America SA has a 1 year low of $10.80 and a 1 year high of $19.42. The firm has a market capitalization of $2.75 billion and a price-to-earnings ratio of 14.67.

Titan America (NYSE:TTAM) last issued its quarterly earnings data on Tuesday, March 17th. The company reported $0.24 EPS for the quarter, hitting analysts’ consensus estimates of $0.24. Titan America had a return on equity of 19.07% and a net margin of 11.14%.The company had revenue of $405.66 million for the quarter. The business’s revenue was up 4.1% compared to the same quarter last year.

Titan America Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Monday, April 20th will be paid a dividend of $0.04 per share. The ex-dividend date is Monday, April 20th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.1%. Titan America’s dividend payout ratio (DPR) is currently 15.69%.

Analysts Set New Price Targets

TTAM has been the topic of a number of recent research reports. Jefferies Financial Group boosted their target price on shares of Titan America from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, December 15th. Citigroup dropped their price target on shares of Titan America from $20.00 to $19.00 and set a “buy” rating on the stock in a research note on Thursday. Wall Street Zen upgraded shares of Titan America from a “hold” rating to a “buy” rating in a report on Saturday, November 29th. Finally, Sanford C. Bernstein raised their target price on Titan America from $15.00 to $17.00 and gave the company a “market perform” rating in a research note on Friday, December 19th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Titan America has an average rating of “Hold” and a consensus target price of $16.92.

Institutional Trading of Titan America

Hedge funds and other institutional investors have recently made changes to their positions in the stock. American Century Companies Inc. boosted its stake in Titan America by 16.5% during the 2nd quarter. American Century Companies Inc. now owns 5,823,647 shares of the company’s stock valued at $72,679,000 after acquiring an additional 823,900 shares during the last quarter. River Road Asset Management LLC increased its position in shares of Titan America by 3.5% in the 4th quarter. River Road Asset Management LLC now owns 3,856,334 shares of the company’s stock worth $63,552,000 after purchasing an additional 128,624 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Titan America by 7.2% in the 4th quarter. Victory Capital Management Inc. now owns 3,417,804 shares of the company’s stock valued at $56,325,000 after purchasing an additional 230,943 shares in the last quarter. Voss Capital LP lifted its position in shares of Titan America by 51.6% during the fourth quarter. Voss Capital LP now owns 2,600,000 shares of the company’s stock worth $42,848,000 after purchasing an additional 885,000 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in Titan America by 0.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,424,738 shares of the company’s stock worth $35,886,000 after purchasing an additional 18,448 shares in the last quarter.

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”).