Nuveen LLC Acquires Shares of 365,879 Titan America SA $TTAM

Key Points

• Nuveen LLC has acquired 365,879 shares of Titan America SA, valued at approximately $4.95 million, representing about 0.20% ownership in the company.
• Titan America recently reported quarterly earnings, with an EPS of $0.28, which missed the consensus estimate by $0.03, and a revenue of $429.24 million, down 0.9% year-over-year.
• The company declared a quarterly dividend of $0.04 per share, payable on October 15, representing an annualized yield of 1.0%.

Nuveen LLC bought a new position in Titan America SA (NYSE:TTAM - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 365,879 shares of the company's stock, valued at approximately $4,947,000. Nuveen LLC owned approximately 0.20% of Titan America as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. PNC Financial Services Group Inc. purchased a new position in shares of Titan America during the 1st quarter valued at about $135,000. Cannon Global Investment Management LLC purchased a new position in Titan America in the 1st quarter valued at $160,000. Diamond Hill Capital Management Inc. purchased a new position in Titan America in the 1st quarter valued at $1,990,000. Burkehill Global Management LP purchased a new position in Titan America in the 1st quarter valued at $2,704,000. Finally, Teacher Retirement System of Texas acquired a new stake in shares of Titan America in the 1st quarter worth $3,718,000.

Wall Street Analysts Forecast Growth

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

Titan America Trading Up 0.1%

TTAM stock traded up $0.01 on Friday, reaching $15.58. 272,388 shares of the company's stock were exchanged, compared to its average volume of 316,693. The company has a fifty day moving average of $14.23. Titan America SA has a twelve month low of $10.80 and a twelve month high of $17.78. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.30 and a quick ratio of 1.36.

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

Titan America Announces Dividend

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

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.