New York State Teachers Retirement System cut its stake in shares of Triumph Group Inc. (NYSE:TGI) by 16.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 80,242 shares of the company’s stock after selling 15,552 shares during the period. New York State Teachers Retirement System’s holdings in Triumph Group were worth $2,849,000 as of its most recent filing with the SEC.
A number of other large investors also recently bought and sold shares of the company. Aperio Group LLC raised its stake in Triumph Group by 156.8% in the first quarter. Aperio Group LLC now owns 29,258 shares of the company’s stock valued at $921,000 after buying an additional 17,865 shares during the period. Nisa Investment Advisors L.L.C. raised its stake in 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 valued at $655,000 after buying an additional 5,000 shares during the period. Los Angeles Capital Management & Equity Research Inc. bought a new stake in Triumph Group during the first quarter valued at $1,298,000. TIAA CREF Investment Management LLC raised its stake in Triumph Group by 18.9% in the first quarter. TIAA CREF Investment Management LLC now owns 786,138 shares of the company’s stock valued at $24,748,000 after buying an additional 125,050 shares during the period. Finally, Prudential Financial Inc. raised its stake in Triumph Group by 23.2% in the first quarter. Prudential Financial Inc. now owns 431,287 shares of the company’s stock valued at $13,577,000 after buying an additional 81,100 shares during the period. Hedge funds and other institutional investors own 99.35% of the company’s stock.
Triumph Group Inc. (NYSE:TGI) traded down 0.61% during mid-day trading on Wednesday, hitting $24.58. The stock had a trading volume of 578,862 shares. The firm’s market capitalization is $1.22 billion. The stock’s 50 day moving average price is $29.51 and its 200 day moving average price is $33.76. Triumph Group Inc. has a one year low of $22.94 and a one year high of $47.28.
Triumph Group (NYSE:TGI) last posted its quarterly earnings results on Thursday, July 28th. The company reported $1.04 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.10. The firm 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 was down 6.9% compared to the same quarter last year. During the same period last year, the company earned $1.31 earnings per share. Analysts forecast that Triumph Group Inc. will post $3.32 EPS for the current year.
The business 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. The ex-dividend date was Tuesday, August 30th. This represents a $0.16 dividend on an annualized basis and a yield of 0.65%. Triumph Group’s dividend payout ratio is -0.72%.
TGI has been the subject of several analyst reports. Zacks Investment Research lowered 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. Jefferies Group reduced their target price on Triumph Group from $54.00 to $44.00 and set a “buy” rating for the company in a report on Friday, July 29th. JPMorgan Chase & Co. reduced their target price on Triumph Group from $42.00 to $40.00 and set a “neutral” rating for the company in a report on Friday, July 29th. Finally, Credit Suisse Group AG restated a “buy” rating and issued a $44.00 target price on shares of Triumph Group in a report on Friday, July 29th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten 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 $43.46.
About Triumph Group
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