77,935 Shares in Titan America SA $TTAM Bought by Principal Financial Group Inc.

Principal Financial Group Inc. purchased a new stake in Titan America SA (NYSE:TTAM) in the first quarter, HoldingsChannel reports. The institutional investor purchased 77,935 shares of the company’s stock, valued at approximately $1,167,000.

Other large investors also recently bought and sold shares of the company. BNP Paribas Financial Markets purchased a new position in shares of Titan America during the second quarter worth about $28,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Titan America in the 4th quarter valued at about $30,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Titan America by 633.1% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,170 shares of the company’s stock valued at $36,000 after purchasing an additional 1,874 shares during the last quarter. New York State Common Retirement Fund acquired a new stake in shares of Titan America in the 2nd quarter valued at about $96,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Titan America in the 4th quarter valued at about $104,000.

Titan America Stock Performance

NYSE TTAM opened at $15.48 on Friday. The company has a quick ratio of 1.96, a current ratio of 2.08 and a debt-to-equity ratio of 0.51. Titan America SA has a 52-week low of $13.78 and a 52-week high of $19.57. The business’s 50-day moving average price is $17.07 and its 200 day moving average price is $16.83. The firm has a market cap of $2.85 billion, a P/E ratio of 16.13, a P/E/G ratio of 1.02 and a beta of 0.97.

Titan America (NYSE:TTAM) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.06). The company had revenue of $470.63 million during the quarter. Titan America had a net margin of 10.35% and a return on equity of 17.03%. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.28 EPS. On average, equities research analysts expect that Titan America SA will post 1.09 earnings per share for the current year.

Titan America Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Thursday, October 1st will be issued a $0.04 dividend. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.0%. Titan America’s payout ratio is presently 16.67%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Stifel Nicolaus lifted their price target on Titan America from $18.00 to $19.00 and gave the stock a “hold” rating in a research report on Wednesday. Wall Street Zen downgraded Titan America from a “buy” rating to a “hold” rating in a report on Monday, April 13th. Weiss Ratings initiated coverage on shares of Titan America in a research report on Wednesday. They set a “hold (c)” rating on the stock. HSBC cut shares of Titan America from a “buy” rating to a “hold” rating and set a $18.50 target price on the stock. in a report on Thursday, May 7th. Finally, Citigroup upped their price target on shares of Titan America from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Wednesday, July 8th. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $19.30.

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”).