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.

ILLEGAL ACTIVITY WARNING: “Triumph Group Inc (TGI) Earns “Hold” Rating from Jefferies Group LLC” was originally posted by TheOlympiaReport and is the property of of TheOlympiaReport. If you are reading this report on another site, it was stolen and republished in violation of United States & international copyright legislation. The legal version of this report can be viewed at https://theolympiareport.com/2017/10/03/triumph-group-inc-tgi-earns-hold-rating-from-jefferies-group-llc.html.

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

Analyst Recommendations for Triumph Group (NYSE:TGI)

Receive News & Ratings for Triumph Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Triumph Group Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.