First Eagle Investment Management LLC Boosts Holdings in Titan America SA $TTAM

First Eagle Investment Management LLC raised its holdings in shares of Titan America SA (NYSE:TTAM) by 38.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 355,610 shares of the company’s stock after buying an additional 99,300 shares during the period. First Eagle Investment Management LLC owned about 0.19% of Titan America worth $5,313,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Rhumbline Advisers grew its position in shares of Titan America by 3.0% during the 3rd quarter. Rhumbline Advisers now owns 24,073 shares of the company’s stock valued at $360,000 after acquiring an additional 691 shares during the period. Intech Investment Management LLC lifted its position in Titan America by 7.1% during the third quarter. Intech Investment Management LLC now owns 13,622 shares of the company’s stock valued at $204,000 after purchasing an additional 898 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in Titan America during the second quarter valued at about $28,000. Ameritas Investment Partners Inc. purchased a new stake in Titan America in the second quarter worth about $31,000. Finally, Keybank National Association OH raised its stake in shares of Titan America by 16.2% in the third quarter. Keybank National Association OH now owns 17,900 shares of the company’s stock worth $267,000 after buying an additional 2,500 shares during the period.

Analyst Upgrades and Downgrades

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

Titan America Trading Up 3.1%

TTAM stock opened at $17.26 on Thursday. Titan America SA has a 1-year low of $10.80 and a 1-year high of $19.42. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.95 and a quick ratio of 1.87. The company has a market capitalization of $3.18 billion and a price-to-earnings ratio of 17.43. The business has a 50 day simple moving average of $17.72 and a two-hundred day simple moving average of $16.27.

Titan America Announces Dividend

The business also recently announced a dividend, which was paid on Monday, December 29th. Investors of record on Wednesday, December 17th were given a dividend of $0.04 per share. The ex-dividend date was Wednesday, December 17th. Titan America’s dividend payout ratio is currently 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”).