Earnest Partners LLC Acquires 246,060 Shares of Triumph Group Inc (NYSE:TGI)

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Earnest Partners LLC boosted its holdings in Triumph Group Inc (NYSE:TGI) by 7.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,424,243 shares of the aerospace company’s stock after acquiring an additional 246,060 shares during the period. Earnest Partners LLC owned 6.84% of Triumph Group worth $78,415,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. NumerixS Investment Technologies Inc acquired a new stake in shares of Triumph Group during the 1st quarter worth $86,000. Bank of Montreal Can grew its holdings in shares of Triumph Group by 134.4% during the 2nd quarter. Bank of Montreal Can now owns 7,968 shares of the aerospace company’s stock worth $183,000 after purchasing an additional 4,569 shares in the last quarter. Emerald Advisers LLC acquired a new stake in shares of Triumph Group during the 2nd quarter worth $204,000. BNP Paribas Arbitrage SA grew its holdings in shares of Triumph Group by 135.5% during the 1st quarter. BNP Paribas Arbitrage SA now owns 11,400 shares of the aerospace company’s stock worth $217,000 after purchasing an additional 6,560 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in shares of Triumph Group during the 1st quarter worth $223,000.

NYSE:TGI opened at $24.26 on Friday. The stock’s 50-day simple moving average is $22.30 and its 200 day simple moving average is $21.80. The firm has a market capitalization of $1.16 billion, a PE ratio of 9.74, a price-to-earnings-growth ratio of 1.89 and a beta of 2.77. Triumph Group Inc has a twelve month low of $11.16 and a twelve month high of $26.00.

Triumph Group (NYSE:TGI) last released its quarterly earnings data on Wednesday, July 31st. The aerospace company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.01. The business had revenue of $730.20 million for the quarter, compared to analyst estimates of $700.19 million. Triumph Group had a negative return on equity of 29.65% and a negative net margin of 6.96%. Triumph Group’s revenue was down 12.3% compared to the same quarter last year. During the same period last year, the firm posted $0.34 earnings per share. As a group, sell-side analysts anticipate that Triumph Group Inc will post 2.55 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be given a $0.04 dividend. The ex-dividend date is Thursday, August 29th. This represents a $0.16 annualized dividend and a yield of 0.66%. Triumph Group’s dividend payout ratio is presently 6.43%.

Several analysts have recently issued reports on TGI shares. Barclays lowered Triumph Group from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $23.00 to $20.00 in a report on Friday, August 23rd. Zacks Investment Research raised Triumph Group from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research note on Monday, July 8th. Finally, ValuEngine lowered Triumph Group from a “hold” rating to a “sell” rating in a research note on Thursday, August 15th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $23.61.

About Triumph Group

Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls, and distributes aerostructures, aircraft components, accessories, subassemblies, and systems worldwide. The company operates in three segments: Integrated Systems, Aerospace Structures, and Product Support. It offers aircraft and engine-mounted accessory drives, thermal control systems and components, cargo hooks, high lift actuations, cockpit control levers, hydraulic systems and components, landing gear actuation systems, control system valve bodies, landing gear components and assemblies, electronic engine controls, main engine gear box assemblies, exhaust nozzles and ducting, fuel pumps, geared transmissions and drive train components, secondary flight control systems, fuel metering units, and vibration absorbers.

See Also: Fundamental Analysis

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Institutional Ownership by Quarter for Triumph Group (NYSE:TGI)

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