Titan America SA (NYSE:TTAM) Shareholders to Get $0.04 Quarterly Dividend

Key Points

• Titan America declared a quarterly dividend of $0.04 per share, payable January 11 to shareholders of record December 18. The annualized dividend is $0.16 per share, representing a 1.1% yield.
• TTAM shares opened at $14.01 and were reported up 3.8%, while trading below their 200-day moving average. The company has a $2.58 billion market capitalization and a 14.59 P/E ratio.
• Titan America’s latest quarterly earnings missed analyst expectations, with EPS of $0.23 versus the $0.29 consensus, although revenue rose 9.6% year over year to $470.63 million.

Titan America SA (NYSE:TTAM - Get Free Report) announced a quarterly dividend on Thursday, October 29th. Stockholders of record on Friday, December 18th will be paid a dividend of $0.04 per share on Monday, January 11th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, December 18th.

Titan America Trading Up 3.8%

TTAM stock opened at $14.01 on Friday. Titan America has a twelve month low of $12.88 and a twelve month high of $19.57. The company has a market cap of $2.58 billion, a P/E ratio of 14.59, a PEG ratio of 1.19 and a beta of 1.10. The company has a quick ratio of 1.17, a current ratio of 2.08 and a debt-to-equity ratio of 0.51. The business has a fifty day moving average of $14.05 and a 200-day moving average of $16.06.

Titan America (NYSE:TTAM - Get Free Report) last announced its earnings results on Tuesday, July 28th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.06). Titan America had a return on equity of 17.03% and a net margin of 10.35%. The company had revenue of $470.63 million for the quarter. During the same quarter in the prior year, the business earned $0.28 EPS. The business's revenue for the quarter was up 9.6% on a year-over-year basis. As a group, equities research analysts expect that Titan America will post 1.06 EPS for the current year.

Institutional Investors Weigh In On Titan America

Several institutional investors and hedge funds have recently modified their holdings of the stock. State of Alaska Department of Revenue purchased a new position in shares of Titan America during the third quarter valued at approximately $106,000. ARGA Investment Management LP purchased a new position in shares of Titan America during the third quarter valued at about $276,000. Keybank National Association OH increased its stake in Titan America by 11.9% in the 1st quarter. Keybank National Association OH now owns 23,500 shares of the company's stock worth $352,000 after acquiring an additional 2,500 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Titan America in the 1st quarter worth about $375,000. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Titan America by 3.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 26,946 shares of the company's stock valued at $404,000 after purchasing an additional 920 shares during the last quarter.

Titan America Company Profile

Titan America is a building materials company that produces and supplies cement, ready-mix concrete, aggregates and other construction products. Its materials are used in residential, commercial, infrastructure and other construction projects.

The company operates cement manufacturing facilities, distribution terminals, aggregate quarries and ready-mix concrete plants. Its product portfolio also includes concrete masonry products and related materials used by contractors, concrete producers and construction companies.

Titan America serves customers primarily across the eastern and southeastern United States, with operations and distribution capabilities covering markets including Florida, Virginia, the Carolinas, the Mid-Atlantic and the Northeast.

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