Triumph Group Inc Plans Quarterly Dividend of $0.04 (TGI)

Triumph Group Inc (NYSE:TGI) declared a quarterly dividend on Wednesday, February 7th, RTT News reports. Shareholders of record on Thursday, March 1st will be given a dividend of 0.04 per share by the aerospace company on Thursday, March 15th. This represents a $0.16 dividend on an annualized basis and a yield of 0.64%.

Triumph Group has a payout ratio of 6.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Triumph Group to earn $2.69 per share next year, which means the company should continue to be able to cover its $0.16 annual dividend with an expected future payout ratio of 5.9%.

Shares of Triumph Group (TGI) traded down $0.45 during midday trading on Wednesday, hitting $24.95. The stock had a trading volume of 608,669 shares, compared to its average volume of 599,796. Triumph Group has a 12-month low of $19.65 and a 12-month high of $34.80. The stock has a market cap of $1,221.32, a P/E ratio of -4.99, a PEG ratio of 0.82 and a beta of 1.75. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.84 and a quick ratio of 0.42.

Triumph Group (NYSE:TGI) last announced its earnings results on Thursday, February 1st. The aerospace company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.11. Triumph Group had a positive return on equity of 27.59% and a negative net margin of 7.68%. The firm had revenue of $775.25 million for the quarter, compared to the consensus estimate of $769.08 million. During the same quarter in the previous year, the business earned $1.01 EPS. The company’s revenue was down 8.2% compared to the same quarter last year. research analysts expect that Triumph Group will post 2.53 earnings per share for the current fiscal year.

A number of brokerages have recently weighed in on TGI. Royal Bank of Canada restated an “outperform” rating and issued a $37.00 target price on shares of Triumph Group in a research note on Friday, February 2nd. Zacks Investment Research upgraded Triumph Group from a “sell” rating to a “hold” rating and set a $32.00 target price on the stock in a research note on Saturday, January 20th. SunTrust Banks boosted their target price on Triumph Group to $34.00 and gave the stock a “hold” rating in a research note on Thursday, November 9th. Canaccord Genuity restated a “hold” rating and issued a $36.00 target price (up previously from $30.00) on shares of Triumph Group in a research note on Thursday, November 9th. Finally, Cowen restated a “hold” rating and issued a $30.00 target price on shares of Triumph Group in a research note on Thursday, November 9th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $32.80.

In related news, CEO Daniel J. Crowley sold 78,900 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $31.35, for a total value of $2,473,515.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Joseph Silvestri sold 34,162 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $30.31, for a total value of $1,035,450.22. Following the completion of the transaction, the director now owns 109,078 shares in the company, valued at approximately $3,306,154.18. The disclosure for this sale can be found here. 2.80% of the stock is currently owned by corporate insiders.

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Triumph Group Company Profile

Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls and distributes a portfolio of aircraft components, accessories, subassemblies and systems. The Company offers a range of products and services to the aerospace industry through three segments: Triumph Aerostructures Group, whose companies are engaged in the design, manufacture, assembly and integration of metallic and composite aerostructures and structural components for the aerospace original equipment manufacturer (OEM) market; Triumph Aerospace Systems Group, whose companies design, engineer and manufacture a range of build-to-print components, assemblies and systems also for the OEM market, and Triumph Aftermarket Services Group, whose companies serve aircraft fleets, such as commercial airlines, the United States military and cargo carriers, through the maintenance, repair and overhaul (MRO) of aircraft components and accessories manufactured by third parties.

Dividend History for Triumph Group (NYSE:TGI)

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