Wayne Hummer Investments L.L.C. increased its position in Triumph Group, Inc. (NYSE:TGI) by 1.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,655 shares of the aerospace company’s stock after buying an additional 140 shares during the period. Wayne Hummer Investments L.L.C.’s holdings in Triumph Group were worth $273,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in TGI. Bank of Montreal Can boosted its stake in 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 in the last quarter. State of Alaska Department of Revenue bought a new stake in Triumph Group during the first quarter worth approximately $140,000. FNY Managed Accounts LLC bought a new stake in Triumph Group during the first quarter worth approximately $154,000. Sei Investments Co. boosted its stake in 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 in the last quarter. Finally, Acadian Asset Management LLC bought a new stake in Triumph Group during the second quarter worth approximately $171,000. 99.84% of the stock is currently owned by hedge funds and other institutional investors.
Triumph Group, Inc. (NYSE TGI) opened at 24.90 on Tuesday. The company’s market cap is $1.24 billion. Triumph Group, Inc. has a 12-month low of $19.65 and a 12-month high of $34.80. The firm has a 50-day moving average price of $29.65 and a 200-day moving average price of $27.81.
Triumph Group (NYSE:TGI) last released its earnings results on Wednesday, July 26th. The aerospace company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $781.70 million during the quarter, compared to analysts’ expectations of $804.26 million. During the same quarter in the previous year, the company earned $1.04 EPS. The firm’s quarterly revenue was down 12.5% compared to the same quarter last year. On average, analysts forecast that Triumph Group, Inc. will post $1.83 earnings per share for the current fiscal year.
The business also recently announced 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 is Wednesday, August 30th. This represents a $0.16 dividend on an annualized basis and a yield of 0.64%. Triumph Group’s payout ratio is -12.12%.
A number of research firms have recently commented on TGI. Robert W. Baird raised Triumph Group from an “underperform” rating to an “outperform” rating and increased their target price for the stock from $25.00 to $30.00 in a research note on Tuesday, May 16th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $35.00 price target on shares of Triumph Group in a report on Friday, May 19th. Jefferies Group LLC downgraded Triumph Group from a “buy” rating to a “hold” rating and set a $37.00 price target on the stock. in a report on Monday, July 24th. Vertical Research raised Triumph Group from a “sell” rating to a “hold” rating and upped their price target for the company from $24.00 to $31.00 in a report on Wednesday, May 24th. Finally, TheStreet raised Triumph Group from a “d+” rating to a “c-” rating in a report on Wednesday, July 26th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $30.25.
About Triumph Group
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