Prudential Financial Inc. lessened its holdings in Triumph Group, Inc. (NYSE:TGI) by 19.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 313,300 shares of the aerospace company’s stock after selling 74,390 shares during the period. Prudential Financial Inc. owned approximately 0.63% of Triumph Group worth $9,900,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Thrivent Financial For Lutherans raised its position in Triumph Group by 230.1% in the first quarter. Thrivent Financial For Lutherans now owns 28,090 shares of the aerospace company’s stock worth $723,000 after purchasing an additional 19,580 shares in the last quarter. Netols Asset Management Inc. acquired a new position in Triumph Group in the first quarter worth about $2,964,000. Smith Graham & Co. Investment Advisors LP raised its position in Triumph Group by 17.2% in the second quarter. Smith Graham & Co. Investment Advisors LP now owns 355,241 shares of the aerospace company’s stock worth $11,226,000 after purchasing an additional 52,260 shares in the last quarter. State of Tennessee Treasury Department acquired a new position in Triumph Group in the first quarter worth about $1,206,000. Finally, Comerica Bank raised its position in Triumph Group by 49.6% in the first quarter. Comerica Bank now owns 55,680 shares of the aerospace company’s stock worth $1,470,000 after purchasing an additional 18,469 shares in the last quarter. 99.75% of the stock is owned by hedge funds and other institutional investors.
Shares of Triumph Group, Inc. (NYSE TGI) opened at 27.00 on Wednesday. The stock’s 50 day moving average is $26.87 and its 200 day moving average is $27.65. The firm’s market cap is $1.34 billion. Triumph Group, Inc. has a 12-month low of $19.65 and a 12-month high of $34.80.
Triumph Group (NYSE:TGI) last issued its quarterly earnings results on Wednesday, July 26th. The aerospace company reported $0.24 earnings per share for the quarter, missing the Zacks’ 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 firm had revenue of $781.70 million for the quarter, compared to the consensus estimate of $804.26 million. During the same period last year, the company posted $1.04 EPS. The business’s revenue was down 12.5% on a year-over-year basis. Equities analysts expect that Triumph Group, Inc. will post $1.70 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend is Wednesday, August 30th. Triumph Group’s dividend payout ratio (DPR) is presently -12.12%.
Several research analysts recently issued reports on TGI shares. Robert W. Baird raised shares of 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. Royal Bank Of Canada reissued a “buy” rating and issued a $35.00 price target on shares of Triumph Group in a research report on Friday, May 19th. Vertical Research raised shares of Triumph Group from a “sell” rating to a “hold” rating and increased their price target for the stock from $24.00 to $31.00 in a research report on Wednesday, May 24th. Standpoint Research lowered shares of Triumph Group from a “buy” rating to a “reduce” rating in a research report on Thursday, May 25th. They noted that the move was a valuation call. Finally, Canaccord Genuity increased their price target on shares of Triumph Group from $30.00 to $34.00 and gave the stock a “hold” rating in a research report on Thursday, May 25th. Five research analysts have rated the stock with a sell rating, six have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Triumph Group has a consensus rating of “Hold” and a consensus price target of $30.33.
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Triumph Group Profile
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