Triumph Group, Inc. (NYSE:TGI) Receives Average Recommendation of “Hold” from Analysts
Triumph Group, Inc. (NYSE:TGI) has received a consensus recommendation of “Hold” from the fifteen analysts that are currently covering the company, MarketBeat reports. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $29.90.
Several research firms have recently weighed in on TGI. Jefferies Group LLC set a $29.00 price objective on Triumph Group and gave the company a “buy” rating in a research note on Saturday, May 6th. Canaccord Genuity upped their price objective on Triumph Group from $30.00 to $34.00 and gave the company a “hold” rating in a research note on Thursday, May 25th. Royal Bank Of Canada restated a “buy” rating and set a $35.00 price target on shares of Triumph Group in a research report on Friday, May 19th. Robert W. Baird upgraded Triumph Group from an “underperform” rating to an “outperform” rating and increased their price target for the stock from $25.00 to $30.00 in a research report on Tuesday, May 16th. Finally, BidaskClub lowered Triumph Group from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Riverhead Capital Management LLC raised its position in shares of Triumph Group by 56.8% in the second quarter. Riverhead Capital Management LLC now owns 3,763 shares of the aerospace company’s stock worth $119,000 after buying an additional 1,363 shares during the last quarter. Thompson Siegel & Walmsley LLC purchased a new position in shares of Triumph Group during the second quarter worth approximately $149,000. Bank of Montreal Can raised its position 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 buying an additional 391 shares during the last quarter. Sei Investments Co. raised its position 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 buying an additional 1,796 shares during the last quarter. Finally, Acadian Asset Management LLC purchased a new position in shares of Triumph Group during the second quarter worth approximately $171,000. Hedge funds and other institutional investors own 99.86% of the company’s stock.
Triumph Group (NYSE TGI) traded up 0.54% on Friday, reaching $27.95. The company had a trading volume of 660,109 shares. The company has a 50-day moving average of $30.31 and a 200 day moving average of $27.77. The stock’s market cap is $1.39 billion. Triumph Group has a one year low of $19.65 and a one year high of $34.80.
Triumph Group (NYSE:TGI) last released its quarterly earnings data 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. Triumph Group had a negative net margin of 1.89% and a positive return on equity of 28.96%. The company had revenue of $781.70 million during the quarter, compared to the consensus estimate of $804.26 million. During the same quarter in the prior year, the company posted $1.04 earnings per share. The company’s revenue for the quarter was down 12.5% on a year-over-year basis. On average, equities research analysts predict that Triumph Group will post $1.83 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be given a $0.04 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.16 dividend on an annualized basis and a yield of 0.57%. Triumph Group’s payout ratio is -12.12%.
Triumph Group Company Profile
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