River Road Asset Management LLC Has $63.55 Million Position in Titan America SA $TTAM

River Road Asset Management LLC lifted its stake in shares of Titan America SA (NYSE:TTAM) by 3.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,856,334 shares of the company’s stock after purchasing an additional 128,624 shares during the quarter. River Road Asset Management LLC owned 2.09% of Titan America worth $63,552,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TTAM. Voss Capital LP boosted its position in Titan America by 51.6% in the fourth quarter. Voss Capital LP now owns 2,600,000 shares of the company’s stock valued at $42,848,000 after buying an additional 885,000 shares in the last quarter. Millennium Management LLC acquired a new position in shares of Titan America during the first quarter worth $9,188,000. Invesco Ltd. increased its holdings in shares of 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 in the last quarter. Geode Capital Management LLC bought a new position in shares of Titan America in the 2nd quarter valued at $3,591,000. Finally, Victory Capital Management Inc. boosted its holdings in shares of Titan America by 7.2% during the 4th quarter. Victory Capital Management Inc. now owns 3,417,804 shares of the company’s stock valued at $56,325,000 after acquiring an additional 230,943 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. HSBC lowered Titan America from a “buy” rating to a “hold” rating and set a $18.50 price objective on the stock. in a research report on Thursday, May 7th. Wall Street Zen lowered Titan America from a “buy” rating to a “hold” rating in a research note on Monday, April 13th. Citigroup boosted their price target on Titan America from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Finally, Zacks Research raised Titan America from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 21st. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Titan America has a consensus rating of “Hold” and a consensus price target of $17.42.

Titan America Stock Performance

NYSE TTAM opened at $18.35 on Friday. The company 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. The company has a quick ratio of 1.96, a current ratio of 2.99 and a debt-to-equity ratio of 0.41. Titan America SA has a twelve month low of $12.18 and a twelve month high of $19.42. The stock has a fifty day simple moving average of $16.21 and a 200 day simple moving average of $16.63.

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

Titan America Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Investors 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 payout ratio is currently 15.84%.

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”).