Diamond Hill Capital Management Inc. Sells 86,616 Shares of Titan America SA $TTAM

Diamond Hill Capital Management Inc. cut its position in Titan America SA (NYSE:TTAM) by 30.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 201,295 shares of the company’s stock after selling 86,616 shares during the quarter. Diamond Hill Capital Management Inc. owned approximately 0.11% of Titan America worth $3,007,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. American Century Companies Inc. increased its stake in shares of Titan America by 16.5% in the second quarter. American Century Companies Inc. now owns 5,823,647 shares of the company’s stock worth $72,679,000 after purchasing an additional 823,900 shares during the period. River Road Asset Management LLC acquired a new stake in Titan America in the 2nd quarter valued at approximately $45,507,000. Allspring Global Investments Holdings LLC increased its position in Titan America by 0.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,424,738 shares of the company’s stock worth $35,886,000 after buying an additional 18,448 shares during the period. Voss Capital LP lifted its holdings in shares of Titan America by 92.3% during the second quarter. Voss Capital LP now owns 1,513,423 shares of the company’s stock worth $18,888,000 after buying an additional 726,387 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in shares of 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 period.

Analyst Ratings Changes

A number of equities analysts recently issued reports on TTAM shares. Jefferies Financial Group boosted their target price on shares of Titan America from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, December 15th. Citigroup upped their price objective on shares of Titan America from $17.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. Wall Street Zen upgraded shares of Titan America from a “hold” rating to a “buy” rating in a research note on Saturday, November 29th. Finally, Sanford C. Bernstein boosted their price target on 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 analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $17.36.

Titan America Price Performance

NYSE:TTAM opened at $18.67 on Monday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.87 and a current ratio of 2.95. The company has a 50-day moving average of $17.03 and a 200-day moving average of $15.81. Titan America SA has a 52 week low of $10.80 and a 52 week high of $18.76. The company has a market capitalization of $3.44 billion and a price-to-earnings ratio of 18.86.

Titan America Dividend Announcement

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 (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”).