Titan America SA (TTAM) to Issue Quarterly Dividend of $0.04 on October 9th

Titan America SA (NYSE:TTAM) announced a quarterly dividend on Tuesday, July 28th. Shareholders of record on Thursday, October 1st will be paid a dividend of 0.04 per share on Friday, October 9th. This represents a c) dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Thursday, October 1st.

Titan America Price Performance

Shares of NYSE:TTAM opened at $16.00 on Thursday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.96 and a current ratio of 2.99. The business’s fifty day moving average price is $17.05 and its two-hundred day moving average price is $16.85. The stock has a market cap of $2.95 billion, a PE ratio of 16.67, a price-to-earnings-growth ratio of 1.13 and a beta of 0.97. Titan America has a one year low of $13.29 and a one year high of $19.57.

Titan America (NYSE:TTAM) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.06). The company had revenue of $470.63 million during the quarter. Titan America had a return on equity of 17.27% and a net margin of 10.35%.The firm’s revenue was up 9.6% on a year-over-year basis. During the same period last year, the business posted $0.28 earnings per share. On average, analysts forecast that Titan America will post 1.09 EPS for the current fiscal year.

Institutional Trading of Titan America

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. River Road Asset Management LLC lifted its holdings in shares of Titan America by 3.5% during the 4th quarter. River Road Asset Management LLC now owns 3,856,334 shares of the company’s stock worth $63,552,000 after acquiring an additional 128,624 shares during the period. Victory Capital Management Inc. grew its holdings in Titan America by 7.2% in the fourth quarter. Victory Capital Management Inc. now owns 3,417,804 shares of the company’s stock valued at $56,325,000 after purchasing an additional 230,943 shares during the period. Voss Capital LP increased its position in Titan America by 51.6% during the fourth quarter. Voss Capital LP now owns 2,600,000 shares of the company’s stock worth $42,848,000 after purchasing an additional 885,000 shares during the last quarter. Millennium Management LLC purchased a new position in Titan America during the first quarter worth approximately $9,188,000. Finally, Venator Management LLC raised its stake in Titan America by 13.9% during the fourth quarter. Venator Management LLC now owns 522,310 shares of the company’s stock worth $8,608,000 after purchasing an additional 63,660 shares during the period.

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”).