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

Nuveen LLC acquired a new stake in Titan America SA (NYSE:TTAM) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 365,879 shares of the company’s stock, valued at approximately $4,947,000. Nuveen LLC owned approximately 0.20% of Titan America at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. PNC Financial Services Group Inc. bought a new position in shares of Titan America in the first quarter valued at $135,000. Teacher Retirement System of Texas bought a new position in shares of Titan America during the first quarter valued at about $3,718,000. Diamond Hill Capital Management Inc. bought a new position in shares of Titan America during the first quarter valued at about $1,990,000. Victory Capital Management Inc. bought a new position in shares of Titan America during the first quarter valued at about $42,625,000. Finally, Burkehill Global Management LP bought a new position in shares of Titan America during the first quarter valued at about $2,704,000.

Titan America Trading Up 0.2%

TTAM opened at $15.64 on Wednesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.30 and a quick ratio of 1.36. The stock has a 50-day simple moving average of $14.12. Titan America SA has a twelve month low of $10.80 and a twelve month high of $17.78.

Titan America (NYSE:TTAM) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.03). The company had revenue of $429.24 million for the quarter, compared to the consensus estimate of $436.95 million. Titan America’s revenue was down .9% on a year-over-year basis.

Titan America Dividend Announcement

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

Analyst Ratings Changes

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

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.