Titan America SA (TTAM) To Go Ex-Dividend on June 18th

Titan America SA (NYSE:TTAM) announced a quarterly dividend on Tuesday, May 5th. Stockholders of record on Thursday, June 18th will be paid a dividend of 0.04 per share on Tuesday, July 7th. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Thursday, June 18th.

Titan America Stock Performance

Shares of TTAM opened at $17.05 on Tuesday. The stock has a market capitalization of $3.14 billion, a price-to-earnings ratio of 16.88, a PEG ratio of 1.06 and a beta of 1.15. Titan America has a 12 month low of $12.18 and a 12 month high of $19.42. The firm has a fifty day simple moving average of $16.05 and a 200 day simple moving average of $16.59. 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 (NYSE:TTAM) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.02). Titan America had a net margin of 11.08% and a return on equity of 18.35%. The business had revenue of $398.42 million during the quarter. During the same quarter in the prior year, the firm earned $0.19 EPS. The company’s revenue was up 1.5% on a year-over-year basis. Research analysts forecast that Titan America will post 1.09 EPS for the current fiscal year.

Insider Transactions at Titan America

In related news, CFO Lawrence Hugh Jr. Wilt acquired 20,000 shares of Titan America stock in a transaction on Thursday, March 19th. The stock was purchased at an average cost of $14.93 per share, with a total value 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 trade represents a ? increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of TTAM. BNP Paribas Financial Markets bought a new stake in shares of Titan America during the second quarter worth approximately $28,000. Kemnay Advisory Services Inc. acquired a new stake in Titan America during the 4th quarter worth approximately $30,000. Caitong International Asset Management Co. Ltd boosted its stake in 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 period. New York State Common Retirement Fund acquired a new position in Titan America in the 2nd quarter valued at $96,000. Finally, SG Americas Securities LLC bought a new position in Titan America during the 4th quarter worth $104,000.

About Titan America

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”).