Alberta Investment Management Corp Makes New Investment in Titan America SA $TTAM

Alberta Investment Management Corp purchased a new stake in Titan America SA (NYSE:TTAM) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 280,000 shares of the company’s stock, valued at approximately $3,494,000. Alberta Investment Management Corp owned 0.15% of Titan America at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Titan America in the 2nd quarter valued at about $65,000. PNC Financial Services Group Inc. purchased a new position in shares of Titan America in the 1st quarter valued at $135,000. Intech Investment Management LLC purchased a new stake in Titan America during the 2nd quarter worth $159,000. Los Angeles Capital Management LLC acquired a new stake in shares of Titan America in the second quarter valued at about $568,000. Finally, Venator Management LLC acquired a new position in Titan America during the 1st quarter worth approximately $773,000.

Wall Street Analyst Weigh In

TTAM has been the topic of a number of research analyst reports. Bank of America reiterated an “underperform” rating and set a $14.00 price objective on shares of Titan America in a research note on Thursday, July 24th. Stifel Nicolaus restated a “hold” rating and set a $15.00 price objective (down previously from $17.00) on shares of Titan America in a research note on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Titan America currently has an average rating of “Hold” and a consensus target price of $17.07.

Titan America Trading Down 1.9%

Shares of Titan America stock opened at $15.51 on Monday. The business has a fifty day simple moving average of $15.19 and a 200-day simple moving average of $14.51. Titan America SA has a fifty-two week low of $10.80 and a fifty-two week high of $17.78. The firm has a market cap of $2.86 billion and a price-to-earnings ratio of 15.66. The company has a quick ratio of 1.87, a current ratio of 2.95 and a debt-to-equity ratio of 0.45.

Titan America (NYSE:TTAM) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.31 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.31. The firm had revenue of $436.85 million for the quarter, compared to analyst estimates of $439.30 million. Titan America had a net margin of 10.83% and a return on equity of 20.12%. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. Titan America has set its FY 2025 guidance at EPS.

Titan America Announces Dividend

The business also recently announced a dividend, which will be paid on Monday, December 29th. Shareholders of record on Wednesday, December 17th will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Wednesday, December 17th. Titan America’s dividend payout ratio (DPR) is 16.16%.

Titan America 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.