Kennedy Capital Management Inc. decreased its position in shares of Triumph Group, Inc. (NYSE:TGI) by 39.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 137,668 shares of the aerospace company’s stock after selling 90,178 shares during the period. Kennedy Capital Management Inc. owned 0.28% of Triumph Group worth $4,350,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TGI. Bank of Montreal Can raised its stake in Triumph Group by 8.0% during the 1st quarter. Bank of Montreal Can now owns 5,252 shares of the aerospace company’s stock worth $135,000 after acquiring an additional 391 shares during the period. Thompson Siegel & Walmsley LLC bought a new stake in Triumph Group during the 2nd quarter worth approximately $149,000. FNY Managed Accounts LLC bought a new stake in Triumph Group during the 1st quarter worth approximately $154,000. Sei Investments Co. raised its stake in Triumph Group by 51.6% during the 2nd quarter. Sei Investments Co. now owns 5,279 shares of the aerospace company’s stock worth $167,000 after acquiring an additional 1,796 shares during the period. Finally, Acadian Asset Management LLC bought a new stake in Triumph Group during the 2nd quarter worth approximately $171,000. Institutional investors own 99.75% of the company’s stock.
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Shares of Triumph Group, Inc. (NYSE TGI) opened at 27.90 on Friday. Triumph Group, Inc. has a one year low of $19.65 and a one year high of $34.80. The firm’s 50-day moving average is $26.59 and its 200-day moving average is $27.65. The stock’s market capitalization is $1.38 billion.
Triumph Group (NYSE:TGI) last announced its earnings results on Wednesday, July 26th. The aerospace company reported $0.24 earnings per share 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. Equities research analysts forecast that Triumph Group, Inc. will post $1.75 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.57%. The ex-dividend date was Wednesday, August 30th. Triumph Group’s payout ratio is -12.12%.
A number of research firms have commented on TGI. Jefferies Group LLC cut shares of Triumph Group from a “buy” rating to a “hold” rating and set a $37.00 target price on the stock. in a research note on Monday, July 24th. Canaccord Genuity restated a “hold” rating and set a $34.00 target price on shares of Triumph Group in a research note on Thursday, July 20th. ValuEngine cut shares of Triumph Group from a “buy” rating to a “hold” rating in a research note on Friday, May 26th. Royal Bank Of Canada restated an “outperform” rating and set a $37.00 target price (up previously from $35.00) on shares of Triumph Group in a research note on Thursday, May 25th. Finally, Standpoint Research cut shares of Triumph Group from a “buy” rating to a “reduce” rating in a research note on Thursday, May 25th. They noted that the move was a valuation call. Five investment analysts have rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Triumph Group currently has a consensus rating of “Hold” and an average price target of $30.33.
Triumph Group Profile
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