Dimensional Fund Advisors LP increased its position in Triumph Group Inc. (NYSE:TGI) by 8.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,279,832 shares of the company’s stock after buying an additional 181,210 shares during the period. Dimensional Fund Advisors LP owned about 4.60% of Triumph Group worth $80,926,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in TGI. State Street Corp increased its stake in Triumph Group by 5.9% in the first quarter. State Street Corp now owns 1,477,880 shares of the company’s stock worth $46,522,000 after buying an additional 82,365 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in Triumph Group by 69.7% in the first quarter. Canada Pension Plan Investment Board now owns 34,100 shares of the company’s stock worth $1,073,000 after buying an additional 14,000 shares in the last quarter. NN Investment Partners Holdings N.V. acquired a new stake in Triumph Group during the first quarter worth approximately $1,567,000. BlackRock Inc. increased its stake in Triumph Group by 6.9% in the first quarter. BlackRock Inc. now owns 58,291 shares of the company’s stock worth $1,835,000 after buying an additional 3,784 shares in the last quarter. Finally, Eos Focused Equity Management L.P. acquired a new stake in Triumph Group during the first quarter worth approximately $1,471,000. 99.35% of the stock is currently owned by institutional investors.
Triumph Group Inc. (NYSE:TGI) opened at 26.70 on Friday. The stock has a 50 day moving average price of $30.96 and a 200-day moving average price of $34.10. Triumph Group Inc. has a 12-month low of $22.94 and a 12-month high of $47.28. The stock’s market cap is $1.32 billion.
Triumph Group (NYSE:TGI) last announced its quarterly earnings data 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 the consensus estimate of $896.80 million. Triumph Group had a positive return on equity of 15.92% and a negative net margin of 28.46%. The business’s revenue for the quarter was down 6.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.31 earnings per share. On average, equities analysts expect that Triumph Group Inc. will post $3.32 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were given 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 dividend payout ratio is currently -0.72%.
A number of equities research analysts have commented on the company. Standpoint Research restated a “buy” rating on shares of Triumph Group in a research report on Wednesday, July 27th. Deutsche Bank AG restated a “buy” rating and issued a $45.00 target price (up previously from $40.00) on shares of Triumph Group in a research report on Monday, June 13th. Zacks Investment Research downgraded Triumph Group from a “hold” rating to a “sell” rating in a research report on Monday, July 18th. Jefferies Group restated a “buy” rating and issued a $54.00 target price on shares of Triumph Group in a research report on Wednesday, June 1st. Finally, Canaccord Genuity reiterated a “hold” rating and issued a $35.00 price objective on shares of Triumph Group in a report on Wednesday, September 14th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus 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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