Titan America (NYSE:TTAM) CFO Lawrence Hugh Jr. Wilt Acquires 20,000 Shares

Titan America SA (NYSE:TTAM) CFO Lawrence Hugh Jr. Wilt purchased 20,000 shares of Titan America stock in a transaction that occurred on Thursday, March 19th. The stock was purchased at an average price of $14.93 per share, with a total value of $298,600.00. Following the completion of the purchase, the chief financial officer directly owned 20,000 shares in the company, valued at $298,600. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Titan America Stock Performance

Shares of NYSE TTAM opened at $14.73 on Tuesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 3.03 and a quick ratio of 1.91. The firm has a market cap of $2.72 billion and a price-to-earnings ratio of 14.44. The stock’s fifty day moving average price is $17.38 and its two-hundred day moving average price is $16.30. Titan America SA has a one year low of $10.80 and a one year high of $19.42.

Titan America (NYSE:TTAM) last posted its earnings results on Tuesday, March 17th. The company reported $0.24 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.24. Titan America had a return on equity of 19.07% and a net margin of 11.14%.The company had revenue of $405.66 million during the quarter. Titan America’s quarterly revenue was up 4.1% compared to the same quarter last year.

Titan America Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Monday, April 20th will be paid a $0.04 dividend. The ex-dividend date is Monday, April 20th. This represents a $0.16 annualized dividend and a yield of 1.1%. Titan America’s payout ratio is 15.69%.

Institutional Investors Weigh In On Titan America

Large investors have recently bought and sold shares of the company. BNP Paribas Financial Markets acquired a new position in shares of Titan America in the 2nd quarter valued at approximately $28,000. Kemnay Advisory Services Inc. bought a new position in Titan America in the fourth quarter valued at approximately $30,000. Ameritas Investment Partners Inc. bought a new position in Titan America in the second quarter valued at approximately $31,000. Caitong International Asset Management Co. Ltd raised its position in Titan America by 633.1% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,170 shares of the company’s stock valued at $36,000 after purchasing an additional 1,874 shares in the last quarter. Finally, CWM LLC bought a new stake in Titan America during the third quarter worth $61,000.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Wall Street Zen upgraded shares of Titan America from a “hold” rating to a “buy” rating in a research report on Saturday, November 29th. Jefferies Financial Group boosted their price target on Titan America from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, December 15th. Sanford C. Bernstein increased their price target on Titan America from $15.00 to $17.00 and gave the stock a “market perform” rating in a research report on Friday, December 19th. Finally, Citigroup lowered their price objective on Titan America from $20.00 to $19.00 and set a “buy” rating on the stock in a research note on Thursday, March 19th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $16.92.

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”).