Triumph Group Inc. (TGI) Stock Price Up 5.3%
Shares of Triumph Group Inc. (NYSE:TGI) traded up 5.3% during trading on Friday . The stock traded as high as $30.92 and last traded at $30.73, with a volume of 384,704 shares changing hands. The stock had previously closed at $29.18.
TGI has been the topic of a number of analyst reports. JPMorgan Chase & Co. dropped their price target on shares of Triumph Group from $42.00 to $40.00 and set a “neutral” rating for the company in a research report on Friday, July 29th. Credit Suisse Group AG restated a “buy” rating and issued a $44.00 price objective on shares of Triumph Group in a report on Friday, July 29th. Zacks Investment Research cut shares of Triumph Group from a “hold” rating to a “sell” rating in a report on Monday, July 18th. Deutsche Bank AG restated a “buy” rating and issued a $45.00 price objective (up previously from $40.00) on shares of Triumph Group in a report on Monday, June 13th. Finally, Canaccord Genuity restated a “hold” rating on shares of Triumph Group in a report on Friday, July 29th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company. Triumph Group presently has a consensus rating of “Buy” and an average target price of $45.92.
The company’s market cap is $1.52 billion. The firm has a 50-day moving average price of $35.68 and a 200-day moving average price of $33.51.
Triumph Group (NYSE:TGI) last released its quarterly earnings data on Thursday, July 28th. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.10. The business earned $893.30 million during the quarter, compared to analyst estimates of $896.80 million. The business’s revenue for the quarter was down 6.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.31 EPS. Equities analysts predict that Triumph Group Inc. will post $3.33 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, September 1st will be paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend is Tuesday, August 30th.
Other hedge funds and institutional investors have recently added to or reduced their stakes in the company. BlackRock Advisors LLC boosted its position in shares of Triumph Group by 224.2% in the fourth quarter. BlackRock Advisors LLC now owns 708,865 shares of the company’s stock worth $28,177,000 after buying an additional 490,207 shares in the last quarter. Snow Capital Management LP boosted its position in shares of Triumph Group by 4.4% in the fourth quarter. Snow Capital Management LP now owns 1,954,258 shares of the company’s stock worth $77,682,000 after buying an additional 83,152 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Triumph Group by 3.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,892,759 shares of the company’s stock worth $75,238,000 after buying an additional 55,888 shares in the last quarter. Marshall Wace LLP bought a new position in shares of Triumph Group during the fourth quarter worth $16,122,000. Finally, Fiduciary Management Associates LLC boosted its position in shares of Triumph Group by 29.1% in the fourth quarter. Fiduciary Management Associates LLC now owns 489,283 shares of the company’s stock worth $19,451,000 after buying an additional 110,390 shares in 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.
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