Aperture Investors LLC Acquires Shares of 77,931 Titan America SA $TTAM

Key Points

• Aperture Investors LLC purchased 77,931 shares of Titan America SA, valued at approximately $1,054,000, during the 1st quarter.
• Titan America reported $0.28 earnings per share for the last quarter, missing analysts' estimates, with revenue down 0.9% year-over-year.
• The company announced a quarterly dividend of $0.04 per share, set to be paid on October 15, with an annualized yield of 1.0%.

Aperture Investors LLC purchased a new stake in shares of Titan America SA (NYSE:TTAM - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 77,931 shares of the company's stock, valued at approximately $1,054,000.

Other large investors also recently made changes to their positions in the company. PNC Financial Services Group Inc. purchased a new stake in Titan America during the first quarter worth about $135,000. Cannon Global Investment Management LLC purchased a new stake in Titan America during the first quarter worth about $160,000. Venator Management LLC purchased a new stake in Titan America during the first quarter worth about $773,000. Seven Grand Managers LLC purchased a new stake in Titan America during the first quarter worth about $946,000. Finally, Eisler Capital Management Ltd. purchased a new stake in Titan America during the first quarter worth about $1,011,000.

Titan America Price Performance

Titan America stock traded down $0.10 during mid-day trading on Wednesday, hitting $15.16. 73,280 shares of the company traded hands, compared to its average volume of 425,932. 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 SA has a one year low of $10.80 and a one year high of $17.78. The stock has a fifty day moving average price of $14.38 and a 200-day moving average price of $13.86.

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 company had revenue of $429.24 million for the quarter, compared to the consensus estimate of $436.95 million. The business's revenue was down .9% on a year-over-year basis.

Titan America Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Friday, October 3rd will be issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Friday, October 3rd.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on TTAM shares. Bank of America reiterated an "underperform" rating and issued a $14.00 target price 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 objective (down previously from $17.00) on shares of Titan America in a research note on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $17.07.

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.