Titan America SA (TTAM) To Go Ex-Dividend on April 20th

Titan America SA (NYSE:TTAM) declared a quarterly dividend on Tuesday, March 17th. Stockholders 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 dividend yield of 1.1%. The ex-dividend date of this dividend is Monday, April 20th.

Titan America Stock Down 6.2%

Shares of NYSE TTAM opened at $14.99 on Thursday. The firm’s fifty day moving average is $17.55 and its 200 day moving average is $16.31. Titan America has a 52 week low of $10.80 and a 52 week high of $19.42. 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 company has a market cap of $2.76 billion and a price-to-earnings ratio of 14.70.

Titan America (NYSE:TTAM) last announced its quarterly earnings results on Tuesday, March 17th. The company reported $0.24 earnings per share for the quarter, meeting the consensus estimate of $0.24. Titan America had a net margin of 11.14% and a return on equity of 19.49%. The business had revenue of $405.66 million during the quarter. Titan America’s quarterly revenue was up 4.1% on a year-over-year basis.

Hedge Funds Weigh In On Titan America

A number of institutional investors have recently bought and sold shares of TTAM. Millennium Management LLC purchased a new stake in Titan America in the first quarter worth about $9,188,000. Woodline Partners LP bought a new position in shares of Titan America in the 1st quarter worth approximately $2,028,000. Jane Street Group LLC purchased a new position in shares of Titan America in the 1st quarter valued at approximately $1,266,000. Geode Capital Management LLC bought a new stake in shares of Titan America during the second quarter valued at approximately $3,591,000. Finally, Police & Firemen s Retirement System of New Jersey purchased a new stake in Titan America in the second quarter worth $65,000.

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”).