Maple Rock Capital Partners Inc. lifted its holdings in shares of Triumph Group Inc (NYSE:TGI) by 20.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 960,000 shares of the aerospace company’s stock after acquiring an additional 160,000 shares during the period. Triumph Group makes up approximately 8.7% of Maple Rock Capital Partners Inc.’s investment portfolio, making the stock its 6th largest holding. Maple Rock Capital Partners Inc. owned 1.93% of Triumph Group worth $26,112,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. BlackRock Inc. boosted its position in Triumph Group by 4.6% in the fourth quarter. BlackRock Inc. now owns 8,099,178 shares of the aerospace company’s stock valued at $220,298,000 after buying an additional 355,869 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Triumph Group by 11.7% in the third quarter. Dimensional Fund Advisors LP now owns 2,874,646 shares of the aerospace company’s stock valued at $85,522,000 after buying an additional 300,883 shares during the last quarter. Towle & Co. boosted its position in Triumph Group by 2.2% in the fourth quarter. Towle & Co. now owns 1,201,846 shares of the aerospace company’s stock valued at $32,690,000 after buying an additional 25,510 shares during the last quarter. Stifel Financial Corp boosted its position in Triumph Group by 11.7% in the 3rd quarter. Stifel Financial Corp now owns 842,877 shares of the aerospace company’s stock worth $25,084,000 after purchasing an additional 88,150 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Triumph Group by 9.4% in the 4th quarter. Bank of New York Mellon Corp now owns 824,879 shares of the aerospace company’s stock worth $22,435,000 after purchasing an additional 71,167 shares in the last quarter.
Shares of Triumph Group Inc (NYSE:TGI) opened at $28.80 on Monday. 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 Inc has a 52-week low of $19.65 and a 52-week high of $34.80. The company has a market capitalization of $1,430.55, a P/E ratio of 6.25, a price-to-earnings-growth ratio of 0.95 and a beta of 1.69.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.56%. The ex-dividend date is Wednesday, February 28th. Triumph Group’s payout ratio is -3.19%.
Several research firms have commented on TGI. Royal Bank of Canada restated an “outperform” rating and issued a $37.00 price objective on shares of Triumph Group in a research report on Friday, February 2nd. Zacks Investment Research upgraded Triumph Group from a “sell” rating to a “hold” rating and set a $32.00 price objective on the stock in a research report on Saturday, January 20th. Finally, TheStreet lowered Triumph Group from a “c-” rating to a “d+” rating in a research report on Wednesday, December 27th. 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 assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $32.80.
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About Triumph Group
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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