Titan America SA (NYSE:TTAM) Announces $0.04 Quarterly Dividend

Titan America SA (NYSE:TTAM) declared a quarterly dividend on Tuesday, March 17th. Investors of record on Monday, April 20th will be paid a dividend of 0.04 per share on Friday, May 8th. This represents a c) annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Monday, April 20th.

Titan America Stock Up 2.4%

Shares of NYSE:TTAM opened at $16.05 on Wednesday. The company has a quick ratio of 1.87, a current ratio of 2.95 and a debt-to-equity ratio of 0.45. The firm has a market cap of $2.96 billion and a P/E ratio of 16.21. Titan America has a 12 month low of $10.80 and a 12 month high of $19.42. The company’s 50-day moving average price is $17.58 and its two-hundred day moving average price is $16.32.

Titan America (NYSE:TTAM) last announced its earnings results on Tuesday, March 17th. The company reported $0.24 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.24. Titan America had a net margin of 10.83% and a return on equity of 19.80%. The company had revenue of $405.66 million for the quarter. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year.

Institutional Trading of Titan America

A number of institutional investors and hedge funds have recently modified their holdings of the stock. American Century Companies Inc. boosted its position in shares of Titan America by 16.5% during 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 in the last quarter. River Road Asset Management LLC raised its holdings in shares of Titan America by 3.5% in the fourth quarter. River Road Asset Management LLC now owns 3,856,334 shares of the company’s stock valued at $63,552,000 after purchasing an additional 128,624 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of Titan America by 7.2% in the fourth quarter. Victory Capital Management Inc. now owns 3,417,804 shares of the company’s stock worth $56,325,000 after purchasing an additional 230,943 shares in the last quarter. Voss Capital LP boosted its holdings in Titan America by 51.6% during the fourth quarter. Voss Capital LP now owns 2,600,000 shares of the company’s stock worth $42,848,000 after purchasing an additional 885,000 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Titan America by 0.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,424,738 shares of the company’s stock worth $35,886,000 after purchasing an additional 18,448 shares during the last quarter.

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”).