Advisors Asset Management Inc. grew its position in shares of Triumph Group Inc (NYSE:TGI) by 142.3% during the second quarter, Holdings Channel reports. The fund owned 91,541 shares of the aerospace company’s stock after purchasing an additional 53,758 shares during the quarter. Advisors Asset Management Inc.’s holdings in Triumph Group were worth $604,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. BlackRock Inc. boosted its holdings in Triumph Group by 9.5% during the 2nd quarter. BlackRock Inc. now owns 9,187,465 shares of the aerospace company’s stock worth $180,074,000 after acquiring an additional 794,349 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Triumph Group by 8.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,279,951 shares of the aerospace company’s stock worth $82,655,000 after acquiring an additional 244,916 shares during the last quarter. Towle & Co. boosted its holdings in Triumph Group by 37.3% during the 2nd quarter. Towle & Co. now owns 2,007,264 shares of the aerospace company’s stock worth $39,342,000 after acquiring an additional 545,790 shares during the last quarter. Maple Rock Capital Partners Inc. boosted its holdings in Triumph Group by 24.7% during the 2nd quarter. Maple Rock Capital Partners Inc. now owns 1,390,000 shares of the aerospace company’s stock worth $27,244,000 after acquiring an additional 275,000 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Triumph Group by 1.7% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,287,071 shares of the aerospace company’s stock worth $25,227,000 after acquiring an additional 21,672 shares during the last quarter.
A number of equities analysts have issued reports on the stock. UBS Group assumed coverage on shares of Triumph Group in a report on Wednesday, August 15th. They set a “sell” rating and a $19.00 price objective on the stock. Canaccord Genuity reaffirmed a “hold” rating and set a $26.00 price objective on shares of Triumph Group in a report on Wednesday, August 8th. ValuEngine raised shares of Triumph Group from a “sell” rating to a “hold” rating in a report on Monday, July 30th. Barclays cut their price objective on shares of Triumph Group from $28.00 to $23.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 4th. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $23.00 price objective on shares of Triumph Group in a report on Friday, July 20th. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $25.56.
In other news, Director Joseph Silvestri sold 5,000 shares of Triumph Group stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $22.00, for a total transaction of $110,000.00. Following the sale, the director now directly owns 107,662 shares in the company, valued at approximately $2,368,564. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.50% of the company’s stock.
NYSE TGI opened at $21.51 on Tuesday. The firm has a market cap of $1.16 billion, a PE ratio of 8.66, a price-to-earnings-growth ratio of 0.95 and a beta of 1.77. Triumph Group Inc has a one year low of $17.75 and a one year high of $34.58. The company has a current ratio of 1.23, a quick ratio of 0.81 and a debt-to-equity ratio of -6.64.
Triumph Group (NYSE:TGI) last released its earnings results on Wednesday, August 8th. The aerospace company reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.02). The business had revenue of $832.90 million for the quarter, compared to the consensus estimate of $805.88 million. Triumph Group had a positive return on equity of 28.57% and a negative net margin of 15.20%. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.24 earnings per share. As a group, sell-side analysts forecast that Triumph Group Inc will post 1.86 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Saturday, September 15th. Stockholders of record on Friday, August 31st were paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date was Thursday, August 30th. Triumph Group’s payout ratio is 6.32%.
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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