Teacher Retirement System of Texas Takes $3.72 Million Position in Titan America SA (NYSE:TTAM)

Teacher Retirement System of Texas purchased a new stake in Titan America SA (NYSE:TTAM - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 275,000 shares of the company's stock, valued at approximately $3,718,000. Teacher Retirement System of Texas owned about 0.15% of Titan America as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Cannon Global Investment Management LLC acquired a new position in shares of Titan America in the first quarter worth about $160,000.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TTAM. Stifel Nicolaus decreased their price objective on shares of Titan America from $16.00 to $15.00 and set a "buy" rating for the company in a research report on Monday, April 21st. Bank of America decreased their price objective on shares of Titan America from $16.50 to $15.50 and set a "neutral" rating for the company in a research report on Thursday, March 27th. Finally, The Goldman Sachs Group decreased their price objective on shares of Titan America from $19.00 to $16.50 and set a "neutral" rating for the company in a research report on Friday, March 28th. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Titan America presently has a consensus rating of "Moderate Buy" and a consensus price target of $17.29.

Titan America Stock Up 0.5%

Shares of TTAM traded up $0.07 during mid-day trading on Friday, hitting $14.08. 614,447 shares of the company were exchanged, compared to its average volume of 522,469. Titan America SA has a 1-year low of $10.80 and a 1-year high of $17.78. The company has a quick ratio of 1.36, a current ratio of 2.30 and a debt-to-equity ratio of 0.45. The firm's 50 day simple moving average is $13.57.

Titan America (NYSE:TTAM - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.02. The company had revenue of $392.44 million for the quarter, compared to analyst estimates of $391.96 million. The business's revenue was down 1.9% on a year-over-year basis.

Titan America Announces Dividend

The firm also recently disclosed a -- dividend, which was paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Wednesday, June 4th.

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.