Northwestern Mutual Investment Management Company LLC raised its position in Triumph Group Inc. (NYSE:TGI) by 0.5% during the second quarter, Holdings Channel reports. The fund owned 8,549 shares of the company’s stock after buying an additional 39 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Triumph Group were worth $303,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of TGI. Trust Department MB Financial Bank N A boosted its stake in shares of 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 in the last quarter. LS Investment Advisors LLC boosted its stake in shares of 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 in the last quarter. Quantitative Systematic Strategies LLC purchased a new stake in shares of Triumph Group during the second quarter worth about $203,000. Teacher Retirement System of Texas boosted its stake in shares of 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 in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Triumph Group during the second quarter worth about $236,000. Institutional investors and hedge funds own 99.35% of the company’s stock.
Triumph Group Inc. (NYSE:TGI) opened at 27.10 on Tuesday. The firm’s market capitalization is $1.34 billion. The firm’s 50-day moving average is $30.85 and its 200 day moving average is $34.14. Triumph Group Inc. has a 12 month low of $22.94 and a 12 month high of $47.28.
Triumph Group (NYSE:TGI) last posted its earnings results on Thursday, July 28th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.10. Triumph Group had a negative net margin of 28.46% and a positive return on equity of 15.92%. The business had revenue of $893.30 million for the quarter, compared to analysts’ expectations of $896.80 million. During the same period in the prior year, the company posted $1.31 EPS. The business’s revenue for the quarter was down 6.9% compared to the same quarter last year. On average, analysts expect that Triumph Group Inc. will post $3.32 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend was Tuesday, August 30th. Triumph Group’s dividend payout ratio is presently -0.72%.
A number of equities research analysts have recently issued reports on TGI shares. Jefferies Group restated a “buy” rating and set a $54.00 price objective on shares of Triumph Group in a report on Wednesday, June 1st. Deutsche Bank AG restated a “buy” rating and set a $45.00 price objective (up previously from $40.00) on shares of Triumph Group in a report on Monday, June 13th. Zacks Investment Research cut Triumph Group from a “hold” rating to a “sell” rating in a report on Monday, July 18th. Standpoint Research restated a “buy” rating on shares of Triumph Group in a report on Wednesday, July 27th. Finally, JPMorgan Chase & Co. reduced their price objective on Triumph Group from $42.00 to $40.00 and set a “neutral” rating for the company 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 stock presently has an average rating of “Buy” and an average price target 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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