JPMorgan Chase & Co. cut its stake in shares of Triumph Group, Inc. (NYSE:TGI) by 89.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,903 shares of the aerospace company’s stock after selling 32,417 shares during the period. JPMorgan Chase & Co.’s holdings in Triumph Group were worth $100,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new stake in Triumph Group during the first quarter valued at $230,000. Netols Asset Management Inc. purchased a new position in shares of Triumph Group during the first quarter worth approximately $2,964,000. Lingohr & Partner Asset Management GmbH increased its position in shares of Triumph Group by 142.0% in the first quarter. Lingohr & Partner Asset Management GmbH now owns 56,070 shares of the aerospace company’s stock worth $1,444,000 after buying an additional 32,905 shares in the last quarter. Paradigm Capital Management Inc. NY increased its position in shares of Triumph Group by 23.5% in the first quarter. Paradigm Capital Management Inc. NY now owns 43,100 shares of the aerospace company’s stock worth $1,110,000 after buying an additional 8,200 shares in the last quarter. Finally, Alambic Investment Management L.P. increased its position in shares of Triumph Group by 57.5% in the first quarter. Alambic Investment Management L.P. now owns 118,833 shares of the aerospace company’s stock worth $3,060,000 after buying an additional 43,400 shares in the last quarter. Hedge funds and other institutional investors own 99.86% of the company’s stock.
Shares of Triumph Group, Inc. (NYSE:TGI) opened at 27.70 on Thursday. The stock’s 50 day moving average price is $30.40 and its 200-day moving average price is $27.74. The stock’s market cap is $1.37 billion. Triumph Group, Inc. has a 52 week low of $19.65 and a 52 week high of $34.80.
Triumph Group (NYSE:TGI) last issued its earnings results on Wednesday, July 26th. The aerospace company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.87 by $0.63. Triumph Group had a positive return on equity of 28.96% and a negative net margin of 1.89%. The business had revenue of $781.70 million for the quarter, compared to analyst estimates of $804.26 million. During the same period last year, the business posted $1.04 EPS. Triumph Group’s revenue was down 12.5% on a year-over-year basis. Equities analysts anticipate that Triumph Group, Inc. will post $1.83 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend is Wednesday, August 30th. Triumph Group’s dividend payout ratio (DPR) is presently -12.12%.
A number of equities analysts have commented on TGI shares. Zacks Investment Research upgraded shares of Triumph Group from a “sell” rating to a “hold” rating in a report on Wednesday, April 12th. Royal Bank Of Canada reiterated a “buy” rating and issued a $35.00 target price on shares of Triumph Group in a report on Tuesday, April 18th. Canaccord Genuity reiterated a “hold” rating and issued a $30.00 target price on shares of Triumph Group in a report on Thursday, April 20th. Jefferies Group LLC set a $29.00 target price on shares of Triumph Group and gave the stock a “buy” rating in a report on Saturday, May 6th. Finally, Robert W. Baird upgraded shares of Triumph Group from an “underperform” rating to an “outperform” rating and boosted their target price for the stock from $25.00 to $30.00 in a report on Tuesday, May 16th. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $29.64.
Triumph Group Company Profile
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