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

Titan America SA (NYSE:TTAM) CFO Lawrence Hugh Jr. Wilt bought 20,000 shares of Titan America stock in a transaction on Thursday, March 19th. The shares were purchased at an average cost of $14.93 per share, for a total transaction of $298,600.00. Following the acquisition, the chief financial officer owned 20,000 shares in the company, valued at $298,600. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Titan America Stock Performance

Shares of NYSE TTAM traded up $0.74 during trading on Monday, reaching $14.94. The stock had a trading volume of 513,890 shares, compared to its average volume of 371,061. Titan America SA has a one year low of $10.80 and a one year high of $19.42. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.91 and a current ratio of 3.03. The stock has a market cap of $2.75 billion and a PE ratio of 14.67. The firm’s 50 day moving average price is $17.44 and its two-hundred day moving average price is $16.30.

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

Titan America Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Monday, April 20th will be issued a $0.04 dividend. The ex-dividend date of this dividend is Monday, April 20th. This represents a $0.16 annualized dividend and a dividend yield of 1.1%. Titan America’s payout ratio is 15.69%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of TTAM. Caitong International Asset Management Co. Ltd grew its position in Titan America by 2,018.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 6,271 shares of the company’s stock worth $103,000 after purchasing an additional 5,975 shares during the last quarter. River Road Asset Management LLC boosted its position in shares of Titan America by 3.5% during the fourth quarter. River Road Asset Management LLC now owns 3,856,334 shares of the company’s stock worth $63,552,000 after buying an additional 128,624 shares during the period. Invesco Ltd. boosted its position in shares of Titan America by 3,319.8% during the fourth quarter. Invesco Ltd. now owns 515,426 shares of the company’s stock worth $8,494,000 after buying an additional 500,354 shares during the period. Beartown Capital Management LLC bought a new position in Titan America in the 4th quarter worth approximately $165,000. Finally, Numerai GP LLC acquired a new stake in Titan America in the 4th quarter valued at approximately $453,000.

Wall Street Analysts Forecast Growth

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

Titan America Company 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”).