Great West Life Assurance Co. Can held its position in shares of Triumph Group Inc. (NYSE:TGI) during the second quarter, Holdings Channel reports. The fund owned 4,435 shares of the company’s stock at the end of the second quarter. Great West Life Assurance Co. Can’s holdings in Triumph Group were worth $139,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Emerald Acquisition Ltd. acquired a new position in shares of Triumph Group during the second quarter worth $23,129,000. Wellington Management Group LLP raised its position in shares of Triumph Group by 62.6% in the first quarter. Wellington Management Group LLP now owns 1,347,767 shares of the company’s stock worth $42,428,000 after buying an additional 518,753 shares in the last quarter. Norges Bank acquired a new position in shares of Triumph Group during the fourth quarter worth $19,763,000. RMB Capital Management LLC acquired a new position in shares of Triumph Group during the second quarter worth $7,198,000. Finally, Teachers Advisors Inc. raised its position in shares of Triumph Group by 53.6% in the first quarter. Teachers Advisors Inc. now owns 1,180,396 shares of the company’s stock worth $37,159,000 after buying an additional 411,844 shares in the last quarter. 99.35% of the stock is currently owned by hedge funds and other institutional investors.
Triumph Group Inc. (NYSE:TGI) traded down 0.82% during trading on Friday, reaching $26.70. The company had a trading volume of 752,451 shares. Triumph Group Inc. has a 12 month low of $22.94 and a 12 month high of $47.28. The stock has a 50 day moving average price of $31.03 and a 200 day moving average price of $34.13. The firm’s market capitalization is $1.32 billion.
Triumph Group (NYSE:TGI) last posted its quarterly earnings data on Thursday, July 28th. The company reported $1.04 EPS for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.10. Triumph Group had a positive return on equity of 15.92% and a negative net margin of 28.46%. The company had revenue of $893.30 million for the quarter, compared to the consensus estimate of $896.80 million. During the same quarter in the previous year, the business earned $1.31 EPS. The company’s quarterly revenue was down 6.9% compared to the same quarter last year. On average, equities research analysts predict that Triumph Group Inc. will post $3.32 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date of this dividend was Tuesday, August 30th. Triumph Group’s payout ratio is -0.72%.
A number of research analysts recently weighed in on TGI shares. Canaccord Genuity reaffirmed a “hold” rating and set a $35.00 price objective on shares of Triumph Group in a report on Wednesday, September 14th. JPMorgan Chase & Co. dropped their price objective on Triumph Group from $42.00 to $40.00 and set a “neutral” rating on the stock in a report on Friday, July 29th. Zacks Investment Research lowered Triumph Group from a “hold” rating to a “sell” rating in a report on Monday, July 18th. Standpoint Research reissued a “buy” rating on shares of Triumph Group in a report on Wednesday, July 27th. Finally, Jefferies Group lowered their target price on Triumph Group from $54.00 to $44.00 and set a “buy” rating on the stock in a report on Friday, July 29th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $45.08.
Triumph Group Company Profile
Triumph Group, Inc (Triumph) designs, engineers, manufactures, repairs, overhauls and distributes a portfolio of aerostructures, aircraft components, accessories, subassemblies and systems. It serves the aviation industry, including original equipment manufacturers (OEMs), of commercial, regional, business and military aircraft and aircraft components, as well as commercial and regional airlines and air cargo carriers.
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