Triumph Group Inc. (TGI) Stock Price Up 2.7%
Triumph Group Inc. (NYSE:TGI)’s share price traded up 2.7% during trading on Friday . The company traded as high as $38.02 and last traded at $37.91, with a volume of 249,707 shares traded. The stock had previously closed at $36.91.
A number of equities analysts have recently commented on the company. Deutsche Bank AG reaffirmed a “buy” rating and issued a $45.00 price target (up from $40.00) on shares of Triumph Group in a report on Monday, June 13th. Jefferies Group reissued a “buy” rating and set a $54.00 price objective on shares of Triumph Group in a research note on Wednesday, June 1st. Canaccord Genuity reissued a “hold” rating on shares of Triumph Group in a research note on Tuesday, May 10th. Goldman Sachs Group Inc. lifted their price objective on Triumph Group from $34.00 to $36.00 and gave the company a “neutral” rating in a research note on Monday, May 9th. Finally, Royal Bank Of Canada lifted their price objective on Triumph Group from $36.00 to $40.00 and gave the company an “outperform” rating in a research note on Thursday, May 5th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $47.25.
The company has a 50-day moving average of $37.04 and a 200-day moving average of $33.63. The company’s market cap is $1.88 billion.
Triumph Group (NYSE:TGI) last posted its earnings results on Wednesday, May 4th. The company reported $1.32 earnings per share for the quarter, missing the consensus estimate of $1.48 by $0.16. During the same quarter last year, the firm earned $1.71 EPS. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.04 billion. Triumph Group’s revenue was down 2.1% compared to the same quarter last year. Analysts expect that Triumph Group Inc. will post $5.77 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 15th. Shareholders of record on Tuesday, May 31st were issued a $0.04 dividend. The ex-dividend date of this dividend was Thursday, May 26th. This represents a $0.16 annualized dividend and a yield of 0.43%.
Other institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in Triumph Group by 3.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,892,759 shares of the company’s stock valued at $75,238,000 after buying an additional 55,888 shares during the last quarter. Marshall Wace LLP purchased a new position in Triumph Group during the fourth quarter valued at $16,122,000. Fiduciary Management Associates LLC raised its position in Triumph Group by 29.1% in the fourth quarter. Fiduciary Management Associates LLC now owns 489,283 shares of the company’s stock valued at $19,451,000 after buying an additional 110,390 shares during the last quarter. S&T Bank PA raised its position in Triumph Group by 1.4% in the fourth quarter. S&T Bank PA now owns 214,029 shares of the company’s stock valued at $8,507,000 after buying an additional 2,942 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D raised its position in Triumph Group by 9.1% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 600,000 shares of the company’s stock valued at $23,850,000 after buying an additional 50,000 shares during the last quarter.
Triumph Group, Inc (Triumph) designs, engineers, manufactures, repairs, overhauls and distributes a portfolio of aerostructures, aircraft components, accessories, subassemblies and systems. It serves the aviation industry, including original equipment manufacturers (OEMs), of commercial, regional, business and military aircraft and aircraft components, as well as commercial and regional airlines and air cargo carriers.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.