Triumph Group Inc. (TGI) Trading Up 5.3%
Triumph Group Inc. (NYSE:TGI) was up 5.3% on Friday . The company traded as high as $30.92 and last traded at $30.73, with a volume of 384,704 shares traded. The stock had previously closed at $29.18.
A number of equities research analysts have weighed in on TGI shares. Goldman Sachs Group Inc. boosted their target price on shares of Triumph Group from $34.00 to $36.00 and gave the stock a “neutral” rating in a report on Monday, May 9th. Canaccord Genuity reissued a “hold” rating on shares of Triumph Group in a report on Tuesday, April 12th. Standpoint Research reissued a “buy” rating on shares of Triumph Group in a report on Wednesday, July 27th. Jefferies Group reissued a “buy” rating and set a $54.00 target price on shares of Triumph Group in a report on Wednesday, June 1st. Finally, Royal Bank Of Canada boosted their target price on shares of Triumph Group from $36.00 to $40.00 and gave the stock an “outperform” rating in a report on Thursday, May 5th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company’s stock. Triumph Group presently has an average rating of “Buy” and an average target price of $45.92.
The company’s market cap is $1.52 billion. The stock’s 50-day moving average price is $35.49 and its 200-day moving average price is $33.49.
Triumph Group (NYSE:TGI) last issued its quarterly earnings data on Thursday, July 28th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.10. The firm had revenue of $893.30 million for the quarter, compared to analysts’ expectations of $896.80 million. During the same period last year, the company earned $1.31 earnings per share. The firm’s revenue was down 6.9% on a year-over-year basis. Analysts expect that Triumph Group Inc. will post $3.33 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, September 1st will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a $0.16 annualized dividend and a yield of 0.52%.
A number of hedge funds recently added to or reduced their stakes in TGI. Liberty Mutual Group Asset Management Inc. raised its stake in Triumph Group by 50.8% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 31,617 shares of the company’s stock valued at $1,256,000 after buying an additional 10,656 shares during the last quarter. Bank of Montreal Can raised its stake in Triumph Group by 47.2% in the fourth quarter. Bank of Montreal Can now owns 44,709 shares of the company’s stock valued at $1,777,000 after buying an additional 14,342 shares during the last quarter. Principal Financial Group Inc. raised its stake in Triumph Group by 2.6% in the fourth quarter. Principal Financial Group Inc. now owns 157,864 shares of the company’s stock valued at $6,275,000 after buying an additional 4,031 shares during the last quarter. Marshall Wace LLP bought a new stake in Triumph Group during the fourth quarter valued at $16,122,000. Finally, Fiduciary Management Associates LLC raised its stake 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.
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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