787,036 Shares in Titan America SA $TTAM Acquired by Voss Capital LP

Key Points

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Voss Capital LP bought a new position in shares of Titan America SA (NYSE:TTAM - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 787,036 shares of the company's stock, valued at approximately $10,641,000. Titan America comprises 0.8% of Voss Capital LP's portfolio, making the stock its 26th biggest holding. Voss Capital LP owned approximately 0.43% of Titan America as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of TTAM. Cannon Global Investment Management LLC acquired a new stake in Titan America during the first quarter worth approximately $160,000. Teacher Retirement System of Texas purchased a new position in Titan America during the first quarter worth approximately $3,718,000. Victory Capital Management Inc. purchased a new position in Titan America during the first quarter worth approximately $42,625,000. Diamond Hill Capital Management Inc. purchased a new position in Titan America during the first quarter worth approximately $1,990,000. Finally, PNC Financial Services Group Inc. purchased a new position in Titan America during the first quarter worth approximately $135,000.

Analyst Upgrades and Downgrades

TTAM has been the topic of a number of recent analyst reports. Bank of America reaffirmed an "underperform" rating and set a $14.00 price target on shares of Titan America in a research note on Thursday, July 24th. Stifel Nicolaus reaffirmed a "hold" rating and set a $15.00 price target (down previously from $17.00) on shares of Titan America in a research note on Monday, July 28th. One analyst has rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Titan America presently has a consensus rating of "Hold" and a consensus target price of $17.07.

Titan America Price Performance

Shares of TTAM stock opened at $15.44 on Tuesday. The company has a fifty day simple moving average of $13.86. Titan America SA has a 52 week low of $10.80 and a 52 week high of $17.78. The company has a current ratio of 2.30, a quick ratio of 1.36 and a debt-to-equity ratio of 0.45.

Titan America (NYSE:TTAM - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported $0.28 EPS for the quarter, missing analysts' consensus estimates of $0.31 by ($0.03). The firm had revenue of $429.24 million for the quarter, compared to analyst estimates of $436.95 million. The company's quarterly revenue was down .9% on a year-over-year basis.

Titan America Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Friday, October 3rd will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, October 3rd.

Titan America Profile

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.

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