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

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Eisler Capital Management Ltd. acquired a new stake in shares of Titan America during the 1st quarter worth about $1,011,000. Venator Management LLC acquired a new stake in shares of Titan America during the 1st quarter worth about $773,000. Voss Capital LP acquired a new stake in shares of Titan America during the 1st quarter worth about $10,641,000. American Century Companies Inc. acquired a new stake in shares of Titan America during the 1st quarter worth about $67,597,000. Finally, Seven Grand Managers LLC acquired a new stake in shares of Titan America during the 1st quarter worth about $946,000.

Titan America Trading Down 0.1%

NYSE:TTAM opened at $15.56 on Friday. The firm has a fifty day moving average price of $14.23. Titan America SA has a 1-year low of $10.80 and a 1-year high of $17.78. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.36 and a current ratio of 2.30.

Titan America (NYSE:TTAM - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $0.28 earnings per share 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 analysts' expectations of $436.95 million. The business's revenue for the quarter was down .9% compared to the same quarter last year.

Titan America Announces Dividend

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

Wall Street Analyst Weigh In

TTAM has been the topic of several research analyst reports. Stifel Nicolaus reissued a "hold" rating and set a $15.00 target price (down previously from $17.00) on shares of Titan America in a research report on Monday, July 28th. Bank of America restated an "underperform" rating and set a $14.00 price target on shares of Titan America in a research note on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Titan America presently has an average rating of "Hold" and an average price target of $17.07.

Titan America Company 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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