A number of other equities research analysts have also recently commented on the stock. Canaccord Genuity reiterated a hold rating and issued a $35.00 target price on shares of Triumph Group in a research report on Wednesday, September 14th. JPMorgan Chase & Co. reduced their target price on shares of Triumph Group from $42.00 to $40.00 and set a neutral rating for the company in a research report on Friday, July 29th. Zacks Investment Research cut shares of Triumph Group from a hold rating to a sell rating in a research report on Monday, July 18th. Standpoint Research reiterated a buy rating on shares of Triumph Group in a research report on Wednesday, July 27th. Finally, Jefferies Group dropped their price objective on shares of Triumph Group from $54.00 to $44.00 and set a buy rating for the company in a report on Friday, July 29th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company. The company has an average rating of Buy and an average price target of $43.46.
Shares of Triumph Group (NYSE:TGI) traded down 6.11% during midday trading on Thursday, reaching $25.35. 512,524 shares of the company were exchanged. The firm’s market capitalization is $1.26 billion. Triumph Group has a 52 week low of $22.94 and a 52 week high of $47.28. The firm has a 50-day moving average of $30.09 and a 200 day moving average of $33.91.
Triumph Group (NYSE:TGI) last issued its earnings results on Thursday, July 28th. The company reported $1.04 EPS for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.10. The business earned $893.30 million during the quarter, compared to analysts’ expectations of $896.80 million. Triumph Group had a negative net margin of 28.46% and a positive return on equity of 15.92%. The company’s quarterly revenue was down 6.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.31 earnings per share. On average, equities research analysts expect that Triumph Group will post $3.32 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were given a $0.04 dividend. The ex-dividend date was Tuesday, August 30th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.59%. Triumph Group’s dividend payout ratio (DPR) is -0.72%.
Several institutional investors have recently added to or reduced their stakes in TGI. LS Investment Advisors LLC raised its position in Triumph Group by 72.2% in the second quarter. LS Investment Advisors LLC now owns 3,054 shares of the company’s stock worth $108,000 after buying an additional 1,280 shares during the period. Trust Department MB Financial Bank N A raised its position in Triumph Group by 633.3% in the second quarter. Trust Department MB Financial Bank N A now owns 1,716 shares of the company’s stock worth $114,000 after buying an additional 1,482 shares during the period. Quantitative Systematic Strategies LLC bought a new position in Triumph Group during the second quarter worth $203,000. Teacher Retirement System of Texas raised its position in Triumph Group by 8.1% in the second quarter. Teacher Retirement System of Texas now owns 6,515 shares of the company’s stock worth $231,000 after buying an additional 488 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new position in Triumph Group during the second quarter worth $236,000. Institutional investors and hedge funds own 99.35% of the company’s stock.
About Triumph Group
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