River Road Asset Management LLC grew its position in Titan America SA (NYSE:TTAM – Free Report) by 3.5% during the fourth quarter, HoldingsChannel reports. The firm owned 3,856,334 shares of the company’s stock after buying an additional 128,624 shares during the period. River Road Asset Management LLC’s holdings in Titan America were worth $63,552,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Invesco Ltd. raised its stake in Titan America by 3,319.8% during the fourth quarter. Invesco Ltd. now owns 515,426 shares of the company’s stock worth $8,494,000 after buying an additional 500,354 shares during the last quarter. Beartown Capital Management LLC bought a new stake in Titan America during the fourth quarter valued at $165,000. Numerai GP LLC acquired a new stake in Titan America during the 4th quarter worth about $453,000. AQR Capital Management LLC grew its holdings in Titan America by 15.5% during the 4th quarter. AQR Capital Management LLC now owns 63,592 shares of the company’s stock worth $1,048,000 after acquiring an additional 8,511 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Titan America by 13.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,733 shares of the company’s stock worth $243,000 after acquiring an additional 1,786 shares in the last quarter.
Titan America Price Performance
Shares of NYSE:TTAM opened at $18.35 on Friday. Titan America SA has a twelve month low of $12.18 and a twelve month high of $19.42. The stock’s 50 day moving average is $16.21 and its 200-day moving average is $16.63. The company has a quick ratio of 1.96, a current ratio of 2.99 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $3.38 billion, a price-to-earnings ratio of 18.17, a PEG ratio of 1.12 and a beta of 1.15.
Titan America Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Thursday, June 18th will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Thursday, June 18th. Titan America’s dividend payout ratio (DPR) is 15.84%.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on TTAM. Wall Street Zen downgraded Titan America from a “buy” rating to a “hold” rating in a research note on Monday, April 13th. HSBC downgraded Titan America from a “buy” rating to a “hold” rating and set a $18.50 target price for the company. in a report on Thursday, May 7th. Zacks Research upgraded Titan America from a “strong sell” rating to a “hold” rating in a report on Thursday, May 21st. Finally, Citigroup raised their price objective on shares of Titan America from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $17.42.
Check Out Our Latest Stock Report on TTAM
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”).
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