Triumph Group Inc (TGI) Cut to Hold at ValuEngine
Triumph Group Inc (NYSE:TGI) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.
Other equities analysts also recently issued research reports about the stock. Jefferies Group LLC set a $29.00 price target on shares of Triumph Group and gave the company a “buy” rating in a research note on Saturday, May 6th. Canaccord Genuity raised their price target on shares of Triumph Group from $30.00 to $34.00 and gave the company a “hold” rating in a research note on Thursday. Vertical Research raised shares of Triumph Group from a “sell” rating to a “hold” rating and raised their price target for the company from $24.00 to $31.00 in a research note on Wednesday. Royal Bank of Canada reaffirmed a “buy” rating and set a $35.00 price target on shares of Triumph Group in a research note on Friday, May 19th. Finally, Robert W. Baird raised shares of Triumph Group from an “underperform” rating to an “outperform” rating and raised their price target for the company from $25.00 to $30.00 in a research note on Tuesday, May 16th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. Triumph Group currently has a consensus rating of “Hold” and a consensus target price of $31.83.
Shares of Triumph Group (NYSE:TGI) traded down 1.62% during mid-day trading on Friday, hitting $33.35. 1,283,009 shares of the company’s stock traded hands. The company’s market cap is $1.65 billion. The firm has a 50-day moving average of $25.12 and a 200 day moving average of $26.33. Triumph Group has a 52 week low of $19.65 and a 52 week high of $40.09.
Triumph Group (NYSE:TGI) last released its quarterly earnings results on Wednesday, May 24th. The aerospace company reported $3.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.40 by $1.69. The firm had revenue of $919.90 million during the quarter, compared to the consensus estimate of $923.93 million. Triumph Group had a negative net margin of 27.13% and a positive return on equity of 22.67%. The company’s revenue for the quarter was down 13.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.32 earnings per share. Equities research analysts predict that Triumph Group will post $3.71 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st will be issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date of this dividend is Tuesday, May 30th. Triumph Group’s payout ratio is -0.79%.
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Large investors have recently bought and sold shares of the company. Bank of Montreal Can boosted its stake in 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 buying an additional 391 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in Triumph Group during the first quarter worth approximately $140,000. FNY Managed Accounts LLC bought a new stake in Triumph Group during the first quarter worth approximately $154,000. Glassman Wealth Services bought a new stake in Triumph Group during the fourth quarter worth approximately $182,000. Finally, Wayne Hummer Investments L.L.C. bought a new stake in Triumph Group during the third quarter worth approximately $201,000. Institutional investors and hedge funds own 98.78% of the company’s stock.
About Triumph Group
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