Titan America SA $TTAM Shares Bought by Diamond Hill Capital Management Inc.

Diamond Hill Capital Management Inc. lifted its holdings in Titan America SA (NYSE:TTAM) by 46.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 293,928 shares of the company’s stock after acquiring an additional 92,633 shares during the period. Diamond Hill Capital Management Inc.’s holdings in Titan America were worth $4,844,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. BNP Paribas Financial Markets acquired a new stake in shares of Titan America in the second quarter worth $28,000. SG Americas Securities LLC acquired a new stake in shares of Titan America in the fourth quarter worth $104,000. New York State Common Retirement Fund acquired a new stake in shares of Titan America in the second quarter worth $96,000. Entropy Technologies LP acquired a new stake in shares of Titan America in the third quarter worth $158,000. Finally, JPMorgan Chase & Co. acquired a new stake in shares of Titan America in the second quarter worth $149,000.

Analyst Ratings Changes

Several research firms have recently issued reports on TTAM. Citigroup increased 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. HSBC lowered 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. Wall Street Zen lowered shares of Titan America from a “buy” rating to a “hold” rating in a report on Monday, April 13th. Finally, Zacks Research lowered shares of Titan America from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 22nd. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $17.42.

Titan America Price Performance

TTAM opened at $15.14 on Friday. The company has a fifty day simple moving average of $15.76 and a 200 day simple moving average of $16.50. The firm has a market cap of $2.79 billion, a price-to-earnings ratio of 14.99, a PEG ratio of 0.98 and a beta of 1.24. Titan America SA has a twelve month low of $12.18 and a twelve month high of $19.42. 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 released its quarterly earnings results on Tuesday, May 5th. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). The firm had revenue of $398.42 million for the quarter. Titan America had a net margin of 11.08% and a return on equity of 18.35%. The company’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period last year, the firm posted $0.19 earnings per share. Equities research analysts expect that Titan America SA will post 1.09 EPS for the current fiscal year.

Titan America Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Thursday, June 18th will be issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, June 18th. Titan America’s dividend payout ratio (DPR) is currently 15.84%.

Insiders Place Their Bets

In related news, CFO Lawrence Hugh Jr. Wilt acquired 20,000 shares of the firm’s stock in a transaction on Thursday, March 19th. The stock was bought at an average cost of $14.93 per share, with a total value of $298,600.00. Following the acquisition, the chief financial officer directly owned 20,000 shares in the company, valued at approximately $298,600. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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”).