Triumph Group, Inc. (NYSE:TGI) Position Lowered by Mondrian Investment Partners LTD

Mondrian Investment Partners LTD reduced its position in shares of Triumph Group, Inc. (NYSE:TGI) by 26.6% during the second quarter, Holdings Channel reports. The institutional investor owned 47,653 shares of the aerospace company’s stock after selling 17,287 shares during the period. Mondrian Investment Partners LTD’s holdings in Triumph Group were worth $1,506,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the stock. Bank of Montreal Can increased its stake in Triumph Group by 8.0% in the first quarter. Bank of Montreal Can now owns 5,252 shares of the aerospace company’s stock worth $135,000 after buying an additional 391 shares during the period. State of Alaska Department of Revenue purchased a new stake in Triumph Group during the first quarter worth about $140,000. FNY Managed Accounts LLC purchased a new stake in Triumph Group during the first quarter worth about $154,000. Sei Investments Co. increased its stake in Triumph Group by 51.6% in the second quarter. Sei Investments Co. now owns 5,279 shares of the aerospace company’s stock worth $167,000 after buying an additional 1,796 shares during the period. Finally, Acadian Asset Management LLC purchased a new stake in Triumph Group during the second quarter worth about $171,000. 99.86% of the stock is owned by institutional investors and hedge funds.

Triumph Group, Inc. (NYSE:TGI) opened at 27.95 on Friday. The firm’s market cap is $1.39 billion. The firm’s 50 day moving average price is $30.31 and its 200-day moving average price is $27.77. Triumph Group, Inc. has a 52 week low of $19.65 and a 52 week high of $34.80.

Triumph Group (NYSE:TGI) last posted its earnings results on Wednesday, July 26th. The aerospace company reported $0.24 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.87 by $0.63. The business had revenue of $781.70 million for the quarter, compared to analyst estimates of $804.26 million. Triumph Group had a positive return on equity of 28.96% and a negative net margin of 1.89%. The company’s quarterly revenue was down 12.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.04 earnings per share. On average, analysts forecast that Triumph Group, Inc. will post $1.83 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend is Wednesday, August 30th. Triumph Group’s payout ratio is -12.12%.

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A number of equities research analysts have issued reports on TGI shares. Zacks Investment Research downgraded Triumph Group from a “hold” rating to a “sell” rating in a research report on Wednesday, May 10th. BidaskClub raised Triumph Group from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 5th. Royal Bank Of Canada reissued a “buy” rating and set a $35.00 price target on shares of Triumph Group in a research report on Tuesday, April 18th. Jefferies Group LLC reissued a “buy” rating and set a $37.00 price target (up previously from $29.00) on shares of Triumph Group in a research report on Tuesday, May 30th. Finally, ValuEngine downgraded Triumph Group from a “buy” rating to a “hold” rating in a research report on Friday, May 26th. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $29.64.

Triumph Group Company Profile

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Institutional Ownership by Quarter for Triumph Group (NYSE:TGI)

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