Franklin Resources Inc. Has $8.70 Million Position in Titan America SA $TTAM

Franklin Resources Inc. lifted its position in shares of Titan America SA (NYSE:TTAM) by 176.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 697,226 shares of the company’s stock after acquiring an additional 445,154 shares during the period. Franklin Resources Inc. owned approximately 0.38% of Titan America worth $8,701,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Police & Firemen s Retirement System of New Jersey bought a new stake in Titan America during the second quarter worth $65,000. PNC Financial Services Group Inc. acquired a new position in shares of Titan America during the 1st quarter worth $135,000. JPMorgan Chase & Co. bought a new stake in shares of Titan America during the 2nd quarter worth $149,000. Intech Investment Management LLC acquired a new stake in Titan America in the second quarter valued at about $159,000. Finally, Los Angeles Capital Management LLC bought a new position in Titan America in the second quarter valued at about $568,000.

Titan America Stock Performance

Shares of TTAM stock opened at $16.24 on Friday. The firm has a market capitalization of $2.99 billion and a price-to-earnings ratio of 16.40. The company has a current ratio of 2.95, a quick ratio of 1.87 and a debt-to-equity ratio of 0.45. The business’s 50-day moving average price is $15.17 and its 200-day moving average price is $14.61. Titan America SA has a 12 month low of $10.80 and a 12 month high of $17.78.

Titan America (NYSE:TTAM) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.31 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.31. Titan America had a return on equity of 19.80% and a net margin of 10.83%.The company had revenue of $436.85 million during the quarter, compared to the consensus estimate of $439.30 million. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. Titan America has set its FY 2025 guidance at EPS.

Titan America Dividend Announcement

The firm also recently declared a dividend, which will be paid on Monday, December 29th. Stockholders 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 presently 16.16%.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Titan America from a “hold” rating to a “buy” rating in a report on Saturday. One 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Titan America has a consensus rating of “Hold” and a consensus price target of $17.07.

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.