JPMorgan Chase & Co. cut its holdings in shares of Triumph Group Inc (NYSE:TGI) by 9.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 83,568 shares of the aerospace company’s stock after selling 9,184 shares during the period. JPMorgan Chase & Co. owned 0.17% of Triumph Group worth $2,106,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in TGI. Teacher Retirement System of Texas acquired a new position in Triumph Group during the 4th quarter valued at about $454,000. Wells Fargo & Company MN lifted its position in Triumph Group by 43.9% during the 4th quarter. Wells Fargo & Company MN now owns 182,541 shares of the aerospace company’s stock valued at $4,965,000 after purchasing an additional 55,650 shares during the period. Rhumbline Advisers lifted its position in Triumph Group by 12.1% during the 4th quarter. Rhumbline Advisers now owns 117,348 shares of the aerospace company’s stock valued at $3,192,000 after purchasing an additional 12,699 shares during the period. Bank of New York Mellon Corp lifted its position in Triumph Group by 9.4% during the 4th quarter. Bank of New York Mellon Corp now owns 824,879 shares of the aerospace company’s stock valued at $22,435,000 after purchasing an additional 71,167 shares during the period. Finally, BlackRock Inc. lifted its position in Triumph Group by 4.6% during the 4th quarter. BlackRock Inc. now owns 8,099,178 shares of the aerospace company’s stock valued at $220,298,000 after purchasing an additional 355,869 shares during the period.
Shares of TGI stock opened at $19.30 on Thursday. The company has a debt-to-equity ratio of 3.16, a current ratio of 1.94 and a quick ratio of 0.50. The stock has a market capitalization of $979.46 million, a PE ratio of 7.73, a P/E/G ratio of 0.93 and a beta of 1.71. Triumph Group Inc has a one year low of $18.30 and a one year high of $34.58.
Triumph Group (NYSE:TGI) last announced its quarterly earnings results on Thursday, May 10th. The aerospace company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.04. The company had revenue of $896.90 million during the quarter, compared to analysts’ expectations of $826.92 million. Triumph Group had a positive return on equity of 17.23% and a negative net margin of 13.11%. Triumph Group’s revenue was down 2.5% on a year-over-year basis. During the same period in the prior year, the business posted $2.81 EPS. sell-side analysts expect that Triumph Group Inc will post 1.79 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, June 15th. Stockholders of record on Friday, June 1st were paid a $0.04 dividend. The ex-dividend date of this dividend was Thursday, May 31st. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.83%. Triumph Group’s dividend payout ratio (DPR) is presently 6.32%.
A number of research firms have issued reports on TGI. ValuEngine downgraded shares of Triumph Group from a “hold” rating to a “sell” rating in a research report on Wednesday, June 27th. Vertical Research upgraded shares of Triumph Group from a “hold” rating to a “buy” rating in a research report on Wednesday, May 16th. Royal Bank of Canada cut their target price on shares of Triumph Group to $29.00 and set an “outperform” rating on the stock in a research report on Friday, May 11th. Robert W. Baird downgraded shares of Triumph Group from an “outperform” rating to a “neutral” rating in a research report on Friday, May 11th. Finally, Cowen restated a “hold” rating and set a $20.00 target price on shares of Triumph Group in a research report on Friday, May 11th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $30.00.
Triumph Group Company Profile
Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls, and distributes aero structures, aircraft components, accessories, subassemblies, and systems worldwide. The company operates through four segments: Integrated Systems, Aerospace Structures, Precision Components, and Product Support.
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