Triumph Group, Inc. (NYSE:TGI) Receives Average Recommendation of “Hold” from Analysts

Triumph Group, Inc. (NYSE:TGI) has received a consensus recommendation of “Hold” from the fifteen analysts that are currently covering the company, MarketBeat reports. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $29.90.

Several research firms have recently weighed in on TGI. Jefferies Group LLC set a $29.00 price objective on Triumph Group and gave the company a “buy” rating in a research note on Saturday, May 6th. Canaccord Genuity upped their price objective on Triumph Group from $30.00 to $34.00 and gave the company a “hold” rating in a research note on Thursday, May 25th. Royal Bank Of Canada restated a “buy” rating and set a $35.00 price target on shares of Triumph Group in a research report on Friday, May 19th. Robert W. Baird upgraded Triumph Group from an “underperform” rating to an “outperform” rating and increased their price target for the stock from $25.00 to $30.00 in a research report on Tuesday, May 16th. Finally, BidaskClub lowered Triumph Group from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st.

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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Riverhead Capital Management LLC raised its position in shares of Triumph Group by 56.8% in the second quarter. Riverhead Capital Management LLC now owns 3,763 shares of the aerospace company’s stock worth $119,000 after buying an additional 1,363 shares during the last quarter. Thompson Siegel & Walmsley LLC purchased a new position in shares of Triumph Group during the second quarter worth approximately $149,000. Bank of Montreal Can raised its position in shares of Triumph Group by 8.0% in the first quarter. Bank of Montreal Can now owns 5,252 shares of the aerospace company’s stock worth $135,000 after buying an additional 391 shares during the last quarter. Sei Investments Co. raised its position in shares of Triumph Group by 51.6% in the second quarter. Sei Investments Co. now owns 5,279 shares of the aerospace company’s stock worth $167,000 after buying an additional 1,796 shares during the last quarter. Finally, Acadian Asset Management LLC purchased a new position in shares of Triumph Group during the second quarter worth approximately $171,000. Hedge funds and other institutional investors own 99.86% of the company’s stock.

Triumph Group (NYSE TGI) traded up 0.54% on Friday, reaching $27.95. The company had a trading volume of 660,109 shares. The company has a 50-day moving average of $30.31 and a 200 day moving average of $27.77. The stock’s market cap is $1.39 billion. Triumph Group has a one year low of $19.65 and a one year high of $34.80.

Triumph Group (NYSE:TGI) last released its quarterly earnings data 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 negative net margin of 1.89% and a positive return on equity of 28.96%. The company had revenue of $781.70 million during the quarter, compared to the consensus estimate of $804.26 million. During the same quarter in the prior year, the company posted $1.04 earnings per share. The company’s revenue for the quarter was down 12.5% on a year-over-year basis. On average, equities research analysts predict that Triumph Group will post $1.83 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be given a $0.04 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.16 dividend on an annualized basis and a yield of 0.57%. Triumph Group’s payout ratio is -12.12%.

Triumph Group Company Profile

Analyst Recommendations for Triumph Group (NYSE:TGI)

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