American Century Companies Inc. Sells 196,140 Shares of Titan America SA $TTAM

American Century Companies Inc. reduced its stake in shares of Titan America SA (NYSE:TTAM) by 3.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,627,507 shares of the company’s stock after selling 196,140 shares during the quarter. American Century Companies Inc. owned 3.05% of Titan America worth $84,075,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. River Road Asset Management LLC acquired a new stake in Titan America during the second quarter worth about $45,507,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Titan America by 0.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,424,738 shares of the company’s stock worth $35,886,000 after acquiring an additional 18,448 shares during the period. Voss Capital LP boosted its position in shares of Titan America by 92.3% during the 2nd quarter. Voss Capital LP now owns 1,513,423 shares of the company’s stock worth $18,888,000 after acquiring an additional 726,387 shares in the last quarter. Franklin Resources Inc. increased its stake in Titan America by 176.6% in the second quarter. Franklin Resources Inc. now owns 697,226 shares of the company’s stock valued at $8,701,000 after acquiring an additional 445,154 shares during the last quarter. Finally, Millennium Management LLC acquired a new position in Titan America during the first quarter valued at approximately $9,188,000.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on TTAM shares. Jefferies Financial Group raised their target price on Titan America from $18.00 to $20.00 and gave the company a “buy” rating in a report on Monday, December 15th. Citigroup raised their price objective on Titan America from $17.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. Sanford C. Bernstein lifted their target price on Titan America from $15.00 to $17.00 and gave the company a “market perform” rating in a research report on Friday, December 19th. Finally, Wall Street Zen raised shares of Titan America from a “hold” rating to a “buy” rating in a report on Saturday, November 29th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $17.36.

Titan America Price Performance

Titan America stock opened at $16.73 on Wednesday. The stock has a 50-day moving average price of $17.72 and a two-hundred day moving average price of $16.27. Titan America SA has a 12 month low of $10.80 and a 12 month high of $19.42. The company has a market capitalization of $3.08 billion and a PE ratio of 16.90. The company has a current ratio of 2.95, a quick ratio of 1.87 and a debt-to-equity ratio of 0.45.

Titan America Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Monday, December 29th. Investors of record on Wednesday, December 17th were issued a $0.04 dividend. The ex-dividend date was Wednesday, December 17th. Titan America’s dividend payout ratio (DPR) is 16.16%.

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”).