Triumph Group Inc. (NYSE:TGI)‘s stock had its “buy” rating reaffirmed by equities research analysts at Canaccord Genuity in a research note issued to investors on Wednesday.
Several other research analysts have also recently issued reports on TGI. Deutsche Bank AG reiterated a “buy” rating and issued a $45.00 price objective (up previously from $40.00) on shares of Triumph Group in a research report on Monday, June 13th. Zacks Investment Research cut 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. Jefferies Group cut their price objective on Triumph Group from $54.00 to $44.00 and set a “buy” rating for the company in a research report on Friday, July 29th. Finally, JPMorgan Chase & Co. cut their price objective on Triumph Group from $42.00 to $40.00 and set a “neutral” rating for the company in a research report on Friday, July 29th. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Triumph Group has a consensus rating of “Buy” and a consensus target price of $45.08.
Shares of Triumph Group (NYSE:TGI) traded up 2.98% during midday trading on Wednesday, reaching $28.66. 248,232 shares of the company’s stock traded hands. The company’s market capitalization is $1.42 billion. Triumph Group has a 52 week low of $22.94 and a 52 week high of $47.28. The stock’s 50 day moving average is $30.29 and its 200-day moving average is $34.00.
Triumph Group (NYSE:TGI) last released its quarterly earnings data 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. The firm earned $893.30 million during the quarter, compared to analysts’ expectations of $896.80 million. Triumph Group had a positive return on equity of 15.92% and a negative net margin of 28.46%. Triumph Group’s revenue was down 6.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.31 earnings per share. On average, analysts forecast that Triumph Group will post $3.32 earnings per share for the current fiscal year.
The firm also recently declared 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 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date was Tuesday, August 30th. Triumph Group’s payout ratio is -0.72%.
Hedge funds have recently modified their holdings of the company. BlackRock Fund Advisors increased its position in Triumph Group by 43.1% in the second quarter. BlackRock Fund Advisors now owns 2,744,428 shares of the company’s stock worth $97,427,000 after buying an additional 826,806 shares during the period. Emerald Acquisition Ltd. purchased a new position in Triumph Group during the second quarter worth approximately $23,129,000. Wellington Management Group LLP increased its position in 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 during the period. RMB Capital Management LLC purchased a new position in Triumph Group during the second quarter worth approximately $7,198,000. Finally, DSAM Partners London Ltd purchased a new position in Triumph Group during the second quarter worth approximately $15,803,000. 99.35% of the stock is currently owned by hedge funds and other institutional investors.
Triumph Group Company Profile
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