Triumph Group Inc. (NYSE:TGI)‘s stock had its “buy” rating restated by equities researchers at Canaccord Genuity in a research report issued on Wednesday.
A number of other research firms also recently issued reports on TGI. Standpoint Research reiterated a “buy” rating on shares of Triumph Group in a report on Wednesday, July 27th. Deutsche Bank AG reiterated a “buy” rating and set a $45.00 price objective (up from $40.00) on shares of Triumph Group in a report on Monday, June 13th. Zacks Investment Research downgraded Triumph Group from a “hold” rating to a “sell” rating in a report on Monday, July 18th. JPMorgan Chase & Co. reduced their price target 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. Finally, Credit Suisse Group AG reissued a “buy” rating and set a $44.00 price target on shares of Triumph Group in a research report on Friday, July 29th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $43.46.
Triumph Group (NYSE:TGI) opened at 27.00 on Wednesday. The firm has a 50-day moving average price of $30.09 and a 200 day moving average price of $33.91. The company’s market capitalization is $1.34 billion. Triumph Group has a 12 month low of $22.94 and a 12 month high of $47.28.
Triumph Group (NYSE:TGI) last posted its quarterly earnings data 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. 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%. Triumph Group’s quarterly revenue was down 6.9% on a year-over-year basis. During the same period last year, the company earned $1.31 earnings per share. Analysts expect that Triumph Group will post $3.32 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $0.16 annualized dividend and a yield of 0.59%. Triumph Group’s payout ratio is currently -0.72%.
A number of hedge funds have recently added to or reduced their stakes in the company. Trust Department MB Financial Bank N A boosted its stake 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 valued at $114,000 after buying an additional 1,482 shares during the last quarter. LS Investment Advisors LLC boosted its stake in Triumph Group by 72.2% in the second quarter. LS Investment Advisors LLC now owns 3,054 shares of the company’s stock valued at $108,000 after buying an additional 1,280 shares during the last quarter. Quantitative Systematic Strategies LLC purchased a new stake in Triumph Group during the second quarter valued at $203,000. Teacher Retirement System of Texas boosted its stake 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 valued at $231,000 after buying an additional 488 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Triumph Group during the second quarter valued at $236,000. 99.35% of the stock is owned by institutional investors and hedge funds.
Triumph Group Company Profile
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