Key Points
- CFO Lawrence Hugh Jr. Wilt bought 20,000 shares at an average price of $14.93 on March 19, a $298,600 purchase disclosed in an SEC filing, bringing his ownership to 20,000 shares.
- Titan America reported Q earnings of $0.24 EPS (in line with estimates) on $405.66 million in revenue, up 4.1% year-over-year, and declared a quarterly dividend of $0.04 per share ($0.16 annualized, ~1.1% yield) with an ex-dividend date of April 20.
- The company trades with a market cap of $2.72 billion and a PE of 14.44; analyst sentiment is mixed (average rating "Hold" with an average target of $16.92), with two buys, three holds and one sell among recent reports.
Titan America SA (NYSE:TTAM - Get Free Report) CFO Lawrence Hugh Jr. Wilt acquired 20,000 shares of the company's stock in a transaction that occurred on Thursday, March 19th. The shares were acquired at an average price 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. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Titan America Stock Performance
NYSE:TTAM opened at $14.73 on Tuesday. Titan America SA has a twelve month low of $10.80 and a twelve month high of $19.42. The company has a quick ratio of 1.91, a current ratio of 3.03 and a debt-to-equity ratio of 0.43. The stock's 50-day simple moving average is $17.38 and its 200 day simple moving average is $16.30. The firm has a market capitalization of $2.72 billion and a PE ratio of 14.44.
Titan America (NYSE:TTAM - Get Free Report) last issued its earnings results on Tuesday, March 17th. The company reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24. Titan America had a return on equity of 19.07% and a net margin of 11.14%.The firm had revenue of $405.66 million during the quarter. Titan America's revenue for the quarter was up 4.1% compared to the same quarter last year.
Titan America Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Monday, April 20th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Monday, April 20th. Titan America's dividend payout ratio is currently 15.69%.
Institutional Investors Weigh In On Titan America
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Rhumbline Advisers raised its holdings in Titan America by 3.0% during the 3rd quarter. Rhumbline Advisers now owns 24,073 shares of the company's stock worth $360,000 after purchasing an additional 691 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Titan America by 3.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 26,026 shares of the company's stock valued at $429,000 after purchasing an additional 823 shares during the last quarter. Intech Investment Management LLC raised its stake in Titan America by 7.1% during the third 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. Price T Rowe Associates Inc. MD lifted its holdings in Titan America by 13.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,733 shares of the company's stock valued at $243,000 after buying an additional 1,786 shares during the period. Finally, Kemnay Advisory Services Inc. bought a new stake in Titan America during the fourth quarter valued at $30,000.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on the company. Jefferies Financial Group boosted their price objective on 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 target price on Titan America from $20.00 to $19.00 and set a "buy" rating for the company in a research report on Thursday, March 19th. Wall Street Zen raised Titan America from a "hold" rating to a "buy" rating in a research note on Saturday, November 29th. Finally, Sanford C. Bernstein boosted their price target on Titan America from $15.00 to $17.00 and gave the stock a "market perform" rating in a report 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 company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $16.92.
View Our Latest Stock Report on TTAM
About Titan America
(
Get Free Report)
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”).
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