Los Angeles Capital Management LLC Purchases 46,623 Shares of Titan America SA $TTAM

Los Angeles Capital Management LLC lifted its holdings in shares of Titan America SA (NYSE:TTAM) by 98.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 94,162 shares of the company’s stock after acquiring an additional 46,623 shares during the period. Los Angeles Capital Management LLC’s holdings in Titan America were worth $1,552,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of TTAM. Voss Capital LP raised its stake in shares of Titan America by 13.3% during the 3rd quarter. Voss Capital LP now owns 1,715,000 shares of the company’s stock worth $25,622,000 after purchasing an additional 201,577 shares during the period. Millennium Management LLC purchased a new position in Titan America in the first quarter valued at about $9,188,000. Venator Management LLC grew its position in shares of Titan America by 52.6% during the 3rd quarter. Venator Management LLC now owns 458,650 shares of the company’s stock valued at $6,852,000 after acquiring an additional 158,050 shares during the period. Invesco Ltd. purchased a new position in Titan America in the second quarter valued at approximately $5,346,000. Finally, First Eagle Investment Management LLC lifted its stake in Titan America by 8.0% in the fourth quarter. First Eagle Investment Management LLC now owns 384,072 shares of the company’s stock valued at $6,330,000 after purchasing an additional 28,462 shares during the last quarter.

Insider Transactions at Titan America

In other Titan America news, CFO Lawrence Hugh Jr. Wilt bought 20,000 shares of Titan America stock in a transaction that occurred on Thursday, March 19th. The stock was acquired at an average cost of $14.93 per share, for a total transaction of $298,600.00. Following the completion of the transaction, the chief financial officer directly owned 20,000 shares in the company, valued at $298,600. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

Titan America Trading Down 0.7%

Shares of Titan America stock opened at $15.69 on Thursday. The company’s 50-day moving average price is $15.95 and its 200-day moving average price is $16.56. The company has a current ratio of 2.99, a quick ratio of 1.96 and a debt-to-equity ratio of 0.41. Titan America SA has a 12-month low of $12.18 and a 12-month high of $19.42. The company has a market cap of $2.89 billion, a price-to-earnings ratio of 15.53, a PEG ratio of 1.01 and a beta of 1.15.

Titan America (NYSE:TTAM) last posted its earnings results on Tuesday, May 5th. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). Titan America had a return on equity of 18.35% and a net margin of 11.08%.The firm had revenue of $398.42 million for the quarter. During the same quarter in the previous year, the business earned $0.19 earnings per share. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. On average, equities analysts expect that Titan America SA will post 1.09 earnings per share for the current fiscal year.

Titan America Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Thursday, June 18th will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Thursday, June 18th. Titan America’s dividend payout ratio (DPR) is 15.84%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Zacks Research raised Titan America from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 21st. Wall Street Zen downgraded Titan America from a “buy” rating to a “hold” rating in a research note on Monday, April 13th. HSBC lowered Titan America from a “buy” rating to a “hold” rating and set a $18.50 price objective for the company. in a report on Thursday, May 7th. Finally, Citigroup upped their price objective on shares of Titan America from $19.00 to $20.00 and gave the company a “buy” rating in a report on Friday, May 8th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $17.42.

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. 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”).