Triumph Group Inc (TGI) Earns “Hold” Rating from Jefferies Group LLC
Jefferies Group LLC reiterated their hold rating on shares of Triumph Group Inc (NYSE:TGI) in a research note released on Friday. The brokerage currently has a $30.00 price objective on the aerospace company’s stock.
Several other brokerages have also recently issued reports on TGI. ValuEngine raised shares of Triumph Group from a hold rating to a buy rating in a report on Friday, June 2nd. Royal Bank Of Canada reissued a buy rating and set a $33.00 price target on shares of Triumph Group in a research report on Friday, July 28th. Robert W. Baird restated a buy rating and issued a $34.00 price objective on shares of Triumph Group in a report on Friday, September 8th. TheStreet raised Triumph Group from a d+ rating to a c- rating in a research report on Wednesday, July 26th. Finally, BidaskClub upgraded Triumph Group from a sell rating to a hold rating in a research note on Monday, August 14th. Five equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Triumph Group currently has an average rating of Hold and an average target price of $29.75.
Triumph Group (TGI) opened at 31.20 on Friday. Triumph Group has a 12-month low of $19.65 and a 12-month high of $34.80. The stock’s market capitalization is $1.55 billion. The firm’s 50-day moving average is $27.18 and its 200-day moving average is $27.93.
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 consensus estimate of $0.87 by ($0.63). The company had revenue of $781.70 million for the quarter, compared to the consensus estimate of $804.26 million. Triumph Group had a negative net margin of 0.25% and a negative return on equity of 0.91%. Triumph Group’s revenue was down 12.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.04 earnings per share. Analysts predict that Triumph Group will post $1.73 EPS for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend was Wednesday, August 30th. Triumph Group’s dividend payout ratio (DPR) is currently -12.12%.
A number of hedge funds and other institutional investors have recently made changes to their positions in TGI. Riverhead Capital Management LLC lifted its stake in Triumph Group by 56.8% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,763 shares of the aerospace company’s stock worth $119,000 after purchasing an additional 1,363 shares in the last quarter. Bank of Montreal Can increased its holdings 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 purchasing an additional 391 shares during the last quarter. Thompson Siegel & Walmsley LLC bought a new stake in shares of Triumph Group in the second quarter worth about $149,000. FNY Managed Accounts LLC bought a new stake in shares of Triumph Group in the first quarter worth about $154,000. Finally, Sei Investments Co. increased its holdings 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 purchasing an additional 1,796 shares during the last quarter. Institutional investors own 99.75% of the company’s stock.
About Triumph Group
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