Triumph Group Inc. (TGI) Receives “Buy” Rating from Canaccord Genuity
Triumph Group Inc. (NYSE:TGI)‘s stock had its “buy” rating reaffirmed by equities researchers at Canaccord Genuity in a research report issued on Wednesday.
Other analysts also recently issued reports about the company. Jefferies Group lowered their target price on Triumph Group from $54.00 to $44.00 and set a “buy” rating for the company in a research note on Friday, July 29th. Standpoint Research restated a “buy” rating on shares of Triumph Group in a research note on Wednesday, July 27th. Credit Suisse Group AG restated a “buy” rating and set a $44.00 target price on shares of Triumph Group in a research note on Friday, July 29th. Deutsche Bank AG restated a “buy” rating and set a $45.00 target price (up from $40.00) on shares of Triumph Group in a research note on Monday, June 13th. Finally, Zacks Investment Research upgraded Triumph Group from a “strong sell” rating to a “hold” rating in a research note on Monday, September 12th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $43.46.
Triumph Group (NYSE:TGI) traded down 5.22% during mid-day trading on Wednesday, reaching $25.59. The company’s stock had a trading volume of 1,073,458 shares. The stock’s 50-day moving average is $29.90 and its 200-day moving average is $33.85. The firm’s market capitalization is $1.27 billion. Triumph Group has a 12 month low of $22.94 and a 12 month high of $47.28.
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Triumph Group (NYSE:TGI) last released its quarterly earnings data on Thursday, July 28th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.94 by $0.10. Triumph Group had a positive return on equity of 15.92% and a negative net margin of 28.46%. The company had revenue of $893.30 million for the quarter, compared to analyst estimates of $896.80 million. During the same period last year, the company posted $1.31 earnings per share. The firm’s revenue was down 6.9% compared to the same quarter last year. On average, equities analysts anticipate that Triumph Group will post $3.32 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were issued a dividend of $0.04 per share. The ex-dividend date was Tuesday, August 30th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.63%. Triumph Group’s dividend payout ratio (DPR) is presently -0.72%.
Several large investors have recently added to or reduced their stakes in the stock. BlackRock Fund Advisors boosted its stake in Triumph Group by 43.1% in the second quarter. BlackRock Fund Advisors now owns 2,744,428 shares of the company’s stock worth $97,427,000 after buying an additional 826,806 shares during the period. Emerald Acquisition Ltd. purchased a new stake in shares of Triumph Group during the second quarter valued at approximately $23,129,000. Wellington Management Group LLP boosted its stake in shares of Triumph Group by 62.6% in the first quarter. Wellington Management Group LLP now owns 1,347,767 shares of the company’s stock valued at $42,428,000 after buying an additional 518,753 shares during the last quarter. RMB Capital Management LLC purchased a new stake in shares of Triumph Group during the second quarter valued at approximately $7,198,000. Finally, DSAM Partners London Ltd purchased a new stake in shares of Triumph Group during the second quarter valued at approximately $15,803,000. 99.35% of the stock is currently owned by institutional investors.
Triumph Group Company Profile
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