Canaccord Genuity reaffirmed their hold rating on shares of Triumph Group, Inc. (NYSE:TGI) in a report published on Thursday, July 20th. The firm currently has a $34.00 price objective on the aerospace company’s stock.
Several other research analysts also recently commented on the stock. Royal Bank Of Canada restated a buy rating and set a $35.00 price objective on shares of Triumph Group in a research report on Tuesday, April 18th. Zacks Investment Research upgraded shares of Triumph Group from a sell rating to a hold rating in a research report on Wednesday, April 12th. Robert W. Baird upgraded shares of Triumph Group from an underperform rating to an outperform rating and upped their price target for the stock from $25.00 to $30.00 in a report on Tuesday, May 16th. ValuEngine upgraded shares of Triumph Group from a hold rating to a buy rating in a report on Friday, June 2nd. Finally, Vertical Research upgraded shares of Triumph Group from a sell rating to a hold rating and upped their price target for the stock from $24.00 to $31.00 in a report on Wednesday, May 24th. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $29.64.
Triumph Group (NYSE TGI) traded down 2.29% during midday trading on Thursday, reaching $25.60. The company had a trading volume of 1,656,618 shares. The stock’s 50 day moving average is $31.59 and its 200 day moving average is $27.68. Triumph Group has a one year low of $19.65 and a one year high of $34.80. The company’s market capitalization is $1.27 billion.
Triumph Group (NYSE:TGI) last announced its quarterly earnings data on Wednesday, July 26th. The aerospace company reported $0.24 EPS 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 firm had revenue of $781.70 million for the quarter, compared to analyst estimates of $804.26 million. During the same quarter in the prior year, the firm earned $1.04 earnings per share. The firm’s revenue for the quarter was down 12.5% on a year-over-year basis. Equities research analysts forecast that Triumph Group will post $2.31 earnings per share for the current fiscal year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be paid a $0.04 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.16 annualized dividend and a dividend yield of 0.63%. Triumph Group’s dividend payout ratio is -12.12%.
Hedge funds have recently modified their holdings of the company. Bank of Montreal Can boosted its stake 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 valued at $135,000 after buying an additional 391 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of Triumph Group during the first quarter valued at $140,000. FNY Managed Accounts LLC acquired a new stake in shares of Triumph Group during the first quarter valued at $154,000. Sei Investments Co. boosted its stake 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 valued at $167,000 after buying an additional 1,796 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in shares of Triumph Group during the second quarter valued at $171,000. 99.75% of the stock is currently owned by institutional investors.
Triumph Group Company Profile
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