Victory Capital Management Inc. Takes $42.63 Million Position in Titan America SA (NYSE:TTAM)

Victory Capital Management Inc. purchased a new stake in shares of Titan America SA (NYSE:TTAM - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,152,768 shares of the company's stock, valued at approximately $42,625,000. Victory Capital Management Inc. owned approximately 1.71% of Titan America at the end of the most recent reporting period.

Separately, Cannon Global Investment Management LLC purchased a new stake in Titan America during the first quarter valued at $160,000.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Stifel Nicolaus dropped their price objective 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. Bank of America reduced their price target on Titan America from $16.50 to $15.50 and set a "neutral" rating on the stock in a report on Thursday, March 27th. Finally, The Goldman Sachs Group reduced their price objective on Titan America from $19.00 to $16.50 and set a "neutral" rating on the stock in a report on Friday, March 28th. Four analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $17.29.

Titan America Stock Down 4.0%

Shares of TTAM opened at $14.08 on Friday. The stock's 50-day moving average price is $13.62. Titan America SA has a one year low of $10.80 and a one 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.

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

Titan America Announces Dividend

The business also recently announced a -- dividend, which was paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th were issued 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.

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