UBS Group AG Reduces Stake in Titan America SA $TTAM

UBS Group AG decreased its stake in shares of Titan America SA (NYSE:TTAM) by 26.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 338,910 shares of the company’s stock after selling 118,953 shares during the period. UBS Group AG’s holdings in Titan America were worth $5,585,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. BNP Paribas Financial Markets bought a new stake in shares of Titan America during the second quarter valued at about $28,000. SG Americas Securities LLC bought a new position in shares of Titan America in the fourth quarter valued at approximately $104,000. New York State Common Retirement Fund purchased a new position in Titan America during the second quarter valued at approximately $96,000. Entropy Technologies LP purchased a new position in Titan America during the third quarter valued at approximately $158,000. Finally, JPMorgan Chase & Co. bought a new stake in Titan America during the 2nd quarter worth approximately $149,000.

Titan America Trading Up 1.5%

Shares of TTAM opened at $15.36 on Thursday. The firm’s 50 day simple moving average is $15.80 and its 200 day simple moving average is $16.51. The company has a market capitalization of $2.83 billion, a P/E ratio of 15.21, a P/E/G ratio of 0.97 and a beta of 1.24. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.99 and a quick ratio of 1.96. Titan America SA has a 1-year low of $12.18 and a 1-year high of $19.42.

Titan America (NYSE:TTAM) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). The company had revenue of $398.42 million during the quarter. Titan America had a return on equity of 18.35% and a net margin of 11.08%.Titan America’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.19 earnings per share. Sell-side analysts forecast that Titan America SA will post 1.09 earnings per share for the current fiscal year.

Titan America Announces Dividend

The business also recently announced 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. The ex-dividend date is Thursday, June 18th. This represents a $0.16 annualized dividend and a yield of 1.0%. Titan America’s payout ratio is 15.84%.

Insider Transactions at Titan America

In other news, CFO Lawrence Hugh Jr. Wilt bought 20,000 shares of Titan America stock in a transaction that occurred on Thursday, March 19th. The shares were acquired at an average price of $14.93 per share, with a total value of $298,600.00. Following the completion of the purchase, the chief financial officer directly owned 20,000 shares in the company, valued at $298,600. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. 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 report on Thursday, May 7th. Zacks Research cut shares of Titan America from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 22nd. Wall Street Zen downgraded Titan America from a “buy” rating to a “hold” rating in a research report on Monday, April 13th. Finally, Citigroup boosted 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. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $17.42.

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”).