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

Teacher Retirement System of Texas acquired a new stake in shares of Titan America SA (NYSE:TTAM - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 275,000 shares of the company's stock, valued at approximately $3,718,000. Teacher Retirement System of Texas owned approximately 0.15% of Titan America as of its most recent SEC filing.

Separately, Cannon Global Investment Management LLC bought a new position in Titan America in the 1st quarter worth approximately $160,000.

Analyst Upgrades and Downgrades

TTAM has been the subject of a number of recent analyst reports. The Goldman Sachs Group decreased their price objective on Titan America from $19.00 to $16.50 and set a "neutral" rating for the company in a report on Friday, March 28th. Stifel Nicolaus decreased their price target on Titan America from $16.00 to $15.00 and set a "buy" rating for the company in a research note on Monday, April 21st. HSBC assumed coverage on Titan America in a research note on Wednesday, March 12th. They set a "buy" rating and a $19.00 price target for the company. Hsbc Global Res raised Titan America to a "strong-buy" rating in a research note on Wednesday, March 12th. Finally, Bank of America decreased their price target on Titan America from $16.50 to $15.50 and set a "neutral" rating for the company in a research note on Thursday, March 27th. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $17.29.

Titan America Stock Performance

Shares of TTAM stock traded up $0.48 on Wednesday, reaching $13.82. 205,330 shares of the company's stock traded hands, compared to its average volume of 392,878. 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 12-month low of $10.80 and a 12-month high of $17.78. The company has a 50 day moving average of $13.53.

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

Titan America Announces Dividend

The firm also recently declared a -- dividend, which was paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th were given a $0.04 dividend. The ex-dividend date of this dividend was Wednesday, June 4th.

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.