Pinebridge Investments L.P. increased its holdings in shares of Triumph Group Inc (NYSE:TGI) by 19.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 79,826 shares of the aerospace company’s stock after purchasing an additional 13,132 shares during the period. Pinebridge Investments L.P.’s holdings in Triumph Group were worth $2,172,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in TGI. Sei Investments Co. lifted its position in shares of Triumph Group by 35.6% during the 3rd quarter. Sei Investments Co. now owns 7,160 shares of the aerospace company’s stock worth $214,000 after buying an additional 1,881 shares during the last quarter. Crossmark Global Holdings Inc. bought a new stake in shares of Triumph Group during the 3rd quarter worth $305,000. SG Americas Securities LLC lifted its position in shares of Triumph Group by 41.4% during the 3rd quarter. SG Americas Securities LLC now owns 10,559 shares of the aerospace company’s stock worth $314,000 after buying an additional 3,091 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in shares of Triumph Group during the 4th quarter worth $365,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Triumph Group during the 2nd quarter worth $408,000.
Several analysts recently weighed in on the company. SunTrust Banks upped their price objective on Triumph Group to $34.00 and gave the stock a “hold” rating in a research report on Thursday, November 9th. Zacks Investment Research downgraded Triumph Group from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 10th. Canaccord Genuity reiterated a “hold” rating and issued a $36.00 target price (up from $30.00) on shares of Triumph Group in a research report on Thursday, November 9th. TheStreet downgraded Triumph Group from a “c-” rating to a “d+” rating in a research report on Wednesday, December 27th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $41.00 target price (up from $38.00) on shares of Triumph Group in a research report on Thursday, November 9th. Three analysts have rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $32.80.
Triumph Group Inc (TGI) opened at $27.05 on Wednesday. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.84 and a quick ratio of 0.42. The company has a market capitalization of $1,378.40, a PE ratio of -5.40, a price-to-earnings-growth ratio of 0.92 and a beta of 1.75. Triumph Group Inc has a 1 year low of $19.65 and a 1 year high of $34.80.
Triumph Group (NYSE:TGI) last posted its earnings results on Thursday, February 1st. The aerospace company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.65 by $0.11. The firm had revenue of $775.25 million during the quarter, compared to the consensus estimate of $769.08 million. Triumph Group had a positive return on equity of 27.59% and a negative net margin of 7.68%. The business’s quarterly revenue was down 8.2% on a year-over-year basis. During the same period last year, the company earned $1.01 earnings per share. equities research analysts anticipate that Triumph Group Inc will post 2.55 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be paid a $0.04 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $0.16 annualized dividend and a dividend yield of 0.59%. Triumph Group’s payout ratio is -3.19%.
In other news, CEO Daniel J. Crowley sold 78,900 shares of the stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $31.35, for a total value of $2,473,515.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.80% of the company’s stock.
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Triumph Group Profile
Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls and distributes a portfolio of aircraft components, accessories, subassemblies and systems. The Company offers a range of products and services to the aerospace industry through three segments: Triumph Aerostructures Group, whose companies are engaged in the design, manufacture, assembly and integration of metallic and composite aerostructures and structural components for the aerospace original equipment manufacturer (OEM) market; Triumph Aerospace Systems Group, whose companies design, engineer and manufacture a range of build-to-print components, assemblies and systems also for the OEM market, and Triumph Aftermarket Services Group, whose companies serve aircraft fleets, such as commercial airlines, the United States military and cargo carriers, through the maintenance, repair and overhaul (MRO) of aircraft components and accessories manufactured by third parties.
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