Triumph Group Inc (NYSE:TGI) Director Joseph Silvestri sold 3,670 shares of Triumph Group stock in a transaction on Thursday, March 8th. The shares were sold at an average price of $27.95, for a total value of $102,576.50. Following the completion of the transaction, the director now owns 105,408 shares in the company, valued at approximately $2,946,153.60. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Triumph Group Inc (NYSE:TGI) traded down $0.05 during midday trading on Monday, hitting $28.75. The company had a trading volume of 679,399 shares, compared to its average volume of 576,760. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.42 and a current ratio of 1.84. Triumph Group Inc has a 12 month low of $19.65 and a 12 month high of $34.80. The firm has a market cap of $1,430.55, a P/E ratio of -5.76, a price-to-earnings-growth ratio of 0.95 and a beta of 1.69.
Triumph Group (NYSE:TGI) last released its quarterly earnings data on Thursday, February 1st. The aerospace company reported $0.76 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 company had revenue of $775.25 million for the quarter, compared to the consensus estimate of $769.08 million. During the same quarter last year, the business posted $1.01 EPS. Triumph Group’s revenue for the quarter was down 8.2% on a year-over-year basis. equities research analysts anticipate that Triumph Group Inc will post 2.55 EPS for the current year.
Several equities analysts have recently issued reports on TGI shares. Royal Bank of Canada set a $37.00 price target on Triumph Group and gave the company a “buy” rating in a research note on Wednesday, January 24th. TheStreet lowered Triumph Group from a “c-” rating to a “d+” rating in a research note on Wednesday, December 27th. Finally, Zacks Investment Research upgraded Triumph Group from a “sell” rating to a “hold” rating and set a $32.00 price target on the stock in a research note on Saturday, January 20th. Three analysts have rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $32.80.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio acquired a new position in Triumph Group during the 2nd quarter worth about $408,000. First Trust Advisors LP acquired a new position in Triumph Group during the 3rd quarter worth about $672,000. Crossmark Global Holdings Inc. acquired a new position in Triumph Group during the 3rd quarter worth about $305,000. American Century Companies Inc. lifted its holdings in Triumph Group by 10.9% during the 3rd quarter. American Century Companies Inc. now owns 213,424 shares of the aerospace company’s stock worth $6,349,000 after buying an additional 20,973 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in Triumph Group by 1.1% during the 3rd quarter. Principal Financial Group Inc. now owns 381,348 shares of the aerospace company’s stock worth $11,345,000 after buying an additional 4,244 shares during the period.
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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.
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