Advisors Asset Management Inc. boosted its position in shares of Triumph Group Inc. (NYSE:TGI) by 29.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,648 shares of the company’s stock after buying an additional 2,178 shares during the period. Advisors Asset Management Inc.’s holdings in Triumph Group were worth $343,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Aperio Group LLC raised its position in shares of Triumph Group by 156.8% in the first quarter. Aperio Group LLC now owns 29,258 shares of the company’s stock worth $921,000 after buying an additional 17,865 shares in the last quarter. Nisa Investment Advisors L.L.C. raised its position in shares of Triumph Group by 31.6% in the first quarter. Nisa Investment Advisors L.L.C. now owns 20,800 shares of the company’s stock worth $655,000 after buying an additional 5,000 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of Triumph Group during the first quarter worth approximately $1,298,000. TIAA CREF Investment Management LLC raised its position in shares of Triumph Group by 18.9% in the first quarter. TIAA CREF Investment Management LLC now owns 786,138 shares of the company’s stock worth $24,748,000 after buying an additional 125,050 shares in the last quarter. 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.
Shares of Triumph Group Inc. (NYSE:TGI) traded up 2.20% during trading on Friday, reaching $27.88. The company’s stock had a trading volume of 446,337 shares. The stock’s 50-day moving average is $30.51 and its 200-day moving average is $34.00. 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 $1.38 billion.
Triumph Group (NYSE:TGI) last released its earnings results on Thursday, July 28th. The company reported $1.04 earnings per share (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 business earned $893.30 million during the quarter, compared to the consensus estimate of $896.80 million. During the same period last year, the business posted $1.31 earnings per share. The business’s revenue for the quarter was down 6.9% on a year-over-year basis. Equities research analysts anticipate that Triumph Group Inc. will post $3.32 earnings per share for the current fiscal year.
The business also recently declared 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 annualized dividend and a dividend yield of 0.57%. The ex-dividend date was Tuesday, August 30th. Triumph Group’s dividend payout ratio (DPR) is presently -0.72%.
TGI has been the topic of a number of research reports. Deutsche Bank AG reaffirmed a “buy” rating and issued a $45.00 price objective (up from $40.00) on shares of Triumph Group in a report on Monday, June 13th. Zacks Investment Research lowered Triumph Group from a “hold” rating to a “sell” rating in a report on Monday, July 18th. Standpoint Research reaffirmed a “buy” rating on shares of Triumph Group in a report on Wednesday, July 27th. Jefferies Group decreased their price objective on Triumph Group from $54.00 to $44.00 and set a “buy” rating on the stock in a report on Friday, July 29th. Finally, JPMorgan Chase & Co. decreased 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. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Triumph Group presently has an average rating of “Buy” and a consensus price target of $45.08.
About Triumph Group
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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