Triumph Group Inc (NYSE:TGI) Director Joseph Silvestri sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $22.00, for a total value of $110,000.00. Following the transaction, the director now directly owns 107,662 shares in the company, valued at $2,368,564. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
TGI opened at $22.85 on Friday. The company has a debt-to-equity ratio of -6.64, a quick ratio of 0.81 and a current ratio of 1.23. Triumph Group Inc has a 52-week low of $17.75 and a 52-week high of $34.58. The company has a market cap of $1.09 billion, a PE ratio of 8.31, a price-to-earnings-growth ratio of 0.89 and a beta of 1.78.
Triumph Group (NYSE:TGI) last posted its earnings results on Wednesday, August 8th. The aerospace company reported $0.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.02). The business had revenue of $832.90 million for the quarter, compared to analysts’ expectations of $805.88 million. Triumph Group had a negative net margin of 15.20% and a positive return on equity of 28.57%. Triumph Group’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period last year, the firm posted $0.24 earnings per share. equities analysts anticipate that Triumph Group Inc will post 1.86 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Saturday, September 15th. Investors of record on Friday, August 31st were paid a $0.04 dividend. The ex-dividend date was Thursday, August 30th. This represents a $0.16 annualized dividend and a yield of 0.70%. Triumph Group’s payout ratio is 6.32%.
Several research firms have recently issued reports on TGI. Canaccord Genuity reissued a “hold” rating and set a $26.00 target price on shares of Triumph Group in a research note on Wednesday, August 8th. ValuEngine cut Triumph Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 26th. Bank of America reduced their target price on Triumph Group from $29.00 to $24.00 and set an “underperform” rating on the stock in a research note on Wednesday, August 15th. UBS Group began coverage on Triumph Group in a research note on Wednesday, August 15th. They set a “sell” rating and a $19.00 target price on the stock. Finally, Barclays reduced their target price on Triumph Group from $28.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Tuesday, September 4th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. Triumph Group presently has a consensus rating of “Hold” and a consensus price target of $26.00.
Hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC purchased a new stake in Triumph Group in the second quarter worth $114,000. Private Capital Group LLC grew its stake in Triumph Group by 1,189.7% in the first quarter. Private Capital Group LLC now owns 6,255 shares of the aerospace company’s stock worth $158,000 after purchasing an additional 5,770 shares during the period. Trilogy Capital Inc. purchased a new stake in Triumph Group in the second quarter worth $157,000. Dynamic Technology Lab Private Ltd purchased a new stake in Triumph Group in the first quarter worth $217,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Triumph Group in the second quarter worth $206,000.
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.
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