Titan America SA (NYSE:TTAM) Declares Quarterly Dividend of $0.04

Titan America SA (NYSE:TTAM) declared 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) annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Thursday, June 18th.

Titan America Stock Performance

Shares of TTAM stock opened at $16.51 on Wednesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.91 and a current ratio of 3.03. The firm has a market cap of $3.04 billion, a P/E ratio of 16.17, a P/E/G ratio of 1.15 and a beta of 1.24. The firm’s 50 day moving average price is $16.13 and its 200-day moving average price is $16.43. Titan America has a one year low of $12.18 and a one year high of $19.42.

Titan America (NYSE:TTAM) last posted its earnings results on Tuesday, May 5th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.02). The company had revenue of $398.42 million during the quarter. Titan America had a net margin of 11.14% and a return on equity of 19.07%. The business’s revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.19 EPS. As a group, equities research analysts predict that Titan America will post 1.15 EPS for the current year.

Insider Buying and Selling

In other Titan America news, CFO Lawrence Hugh Jr. Wilt purchased 20,000 shares of the firm’s stock in a transaction on Thursday, March 19th. The stock was bought at an average price of $14.93 per share, with a total value of $298,600.00. Following the transaction, the chief financial officer directly owned 20,000 shares of the company’s stock, valued at approximately $298,600. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets purchased a new position in Titan America in the second quarter valued at $28,000. Kemnay Advisory Services Inc. purchased a new stake in Titan America during the 4th quarter worth about $30,000. Caitong International Asset Management Co. Ltd raised its position 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 in the last quarter. CWM LLC purchased a new position in shares of Titan America in the 3rd quarter valued at about $61,000. Finally, New York State Common Retirement Fund purchased a new position in shares of Titan America in the 2nd quarter valued at about $96,000.

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”).