Los Angeles Capital Management LLC Has $1.55 Million Stock Position in Titan America SA $TTAM

Los Angeles Capital Management LLC boosted its holdings in Titan America SA (NYSE:TTAM) by 98.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 94,162 shares of the company’s stock after purchasing an additional 46,623 shares during the quarter. Los Angeles Capital Management LLC owned about 0.05% of Titan America worth $1,552,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of TTAM. Rhumbline Advisers grew its position in shares of 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 buying an additional 691 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of Titan America by 3.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 26,026 shares of the company’s stock valued at $429,000 after acquiring an additional 823 shares during the period. Intech Investment Management LLC grew its holdings in Titan America by 7.1% in the third quarter. Intech Investment Management LLC now owns 13,622 shares of the company’s stock worth $204,000 after purchasing an additional 898 shares during the period. BNP Paribas Financial Markets bought a new stake in Titan America in the second quarter valued at $28,000. Finally, Keybank National Association OH raised its holdings in shares of Titan America by 17.3% during the fourth quarter. Keybank National Association OH now owns 21,000 shares of the company’s stock valued at $346,000 after purchasing an additional 3,100 shares during the period.

Titan America Price Performance

Shares of NYSE TTAM opened at $15.69 on Thursday. The stock 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. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.96 and a current ratio of 2.99. Titan America SA has a fifty-two week low of $12.18 and a fifty-two week high of $19.42. The firm’s 50-day simple moving average is $15.95 and its 200 day simple moving average is $16.56.

Titan America (NYSE:TTAM) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.18 EPS 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 company had revenue of $398.42 million for the quarter. During the same period in the prior year, the company earned $0.19 earnings per share. The business’s quarterly revenue was up 1.5% on a year-over-year basis. As a group, research analysts anticipate that Titan America SA will post 1.09 earnings per share for the current fiscal year.

Titan America Dividend Announcement

The business also recently declared 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 yield of 1.0%. The ex-dividend date of this dividend is Thursday, June 18th. Titan America’s dividend payout ratio is presently 15.84%.

Insiders Place Their Bets

In other news, CFO Lawrence Hugh Jr. Wilt acquired 20,000 shares of the business’s stock in a transaction on Thursday, March 19th. The shares were purchased at an average cost of $14.93 per share, with a total value of $298,600.00. Following the acquisition, the chief financial officer directly owned 20,000 shares of the company’s stock, valued at $298,600. The trade was a ? increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Analyst Upgrades and Downgrades

A number of analysts recently commented on TTAM shares. 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 report on Monday, April 13th. Citigroup upped their target price on Titan America from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Finally, HSBC downgraded shares of Titan America from a “buy” rating to a “hold” rating and set a $18.50 price target for the company. in a research report on Thursday, May 7th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Titan America presently has a consensus rating of “Hold” and a consensus price target of $17.42.

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”).