Triumph Group Inc (TGI) Shares Bought by Towle & Co.
Towle & Co. increased its holdings in Triumph Group Inc (NYSE:TGI) by 37.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,007,264 shares of the aerospace company’s stock after buying an additional 545,790 shares during the period. Triumph Group comprises approximately 3.8% of Towle & Co.’s holdings, making the stock its 8th biggest position. Towle & Co. owned 4.04% of Triumph Group worth $39,342,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of TGI. Victory Capital Management Inc. bought a new stake in Triumph Group in the 1st quarter valued at about $17,351,000. Rockefeller Capital Management L.P. bought a new stake in Triumph Group in the 1st quarter valued at about $8,880,000. BlackRock Inc. lifted its position in Triumph Group by 3.6% in the 1st quarter. BlackRock Inc. now owns 8,393,116 shares of the aerospace company’s stock valued at $211,508,000 after purchasing an additional 293,938 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Triumph Group by 8.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,279,951 shares of the aerospace company’s stock valued at $82,655,000 after purchasing an additional 244,916 shares during the last quarter. Finally, Foundry Partners LLC bought a new stake in Triumph Group in the 1st quarter valued at about $5,649,000.
Several analysts recently weighed in on the stock. SunTrust Banks reiterated a “hold” rating and issued a $27.00 price objective on shares of Triumph Group in a research report on Monday, April 23rd. Zacks Investment Research downgraded shares of Triumph Group from a “hold” rating to a “sell” rating in a research report on Monday, April 23rd. ValuEngine upgraded shares of Triumph Group from a “hold” rating to a “buy” rating in a research report on Tuesday, May 8th. Canaccord Genuity reiterated a “hold” rating and issued a $26.00 price objective on shares of Triumph Group in a research report on Wednesday, August 8th. Finally, Vertical Research upgraded shares of Triumph Group from a “hold” rating to a “buy” rating in a research report on Wednesday, May 16th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $27.45.
Triumph Group (NYSE:TGI) last released its quarterly earnings results on Wednesday, August 8th. The aerospace company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). Triumph Group had a positive return on equity of 28.57% and a negative net margin of 15.20%. The company had revenue of $832.90 million for the quarter, compared to the consensus estimate of $805.88 million. During the same quarter last year, the firm posted $0.24 earnings per share. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. equities research analysts predict that Triumph Group Inc will post 1.82 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Saturday, September 15th. Shareholders of record on Friday, August 31st will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Thursday, August 30th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.78%. Triumph Group’s dividend payout ratio (DPR) is 6.32%.
Triumph Group Profile
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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