BlackRock Advisors LLC Has $16,194,000 Position in Triumph Group Inc. (TGI)
BlackRock Advisors LLC lowered its stake in shares of Triumph Group Inc. (NYSE:TGI) by 19.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 456,188 shares of the company’s stock after selling 107,252 shares during the period. BlackRock Advisors LLC owned about 0.92% of Triumph Group worth $16,194,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Adirondack Research & Management Inc. bought a new position in Triumph Group during the second quarter valued at $438,000. Dynamic Technology Lab Private Ltd bought a new position in Triumph Group during the second quarter valued at $236,000. Vanguard Group Inc. increased its position in Triumph Group by 7.4% in the second quarter. Vanguard Group Inc. now owns 3,570,648 shares of the company’s stock valued at $126,758,000 after buying an additional 245,621 shares during the period. Principal Financial Group Inc. increased its position in Triumph Group by 12.4% in the second quarter. Principal Financial Group Inc. now owns 184,837 shares of the company’s stock valued at $6,562,000 after buying an additional 20,386 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Triumph Group by 8.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,279,832 shares of the company’s stock valued at $80,926,000 after buying an additional 181,210 shares during the period. Institutional investors own 99.35% of the company’s stock.
Shares of Triumph Group Inc. (NYSE:TGI) opened at 27.28 on Friday. The company’s market capitalization is $1.35 billion. The firm’s 50-day moving average price is $30.60 and its 200 day moving average price is $34.02. Triumph Group Inc. has a 52 week low of $22.94 and a 52 week high of $47.28.
Triumph Group (NYSE:TGI) last released its earnings results on Thursday, July 28th. The company reported $1.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.10. Triumph Group had a negative net margin of 28.46% and a positive return on equity of 15.92%. The business had revenue of $893.30 million for the quarter, compared to analyst estimates of $896.80 million. During the same period last year, the company posted $1.31 EPS. The business’s revenue was down 6.9% on a year-over-year basis. Equities analysts predict that Triumph Group Inc. will post $3.32 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date of this dividend was Tuesday, August 30th. Triumph Group’s dividend payout ratio (DPR) is -0.72%.
Several equities analysts recently weighed in on the company. Canaccord Genuity reiterated a “hold” rating and set a $35.00 target price on shares of Triumph Group in a research report on Wednesday, September 14th. Zacks Investment Research upgraded Triumph Group from a “strong sell” rating to a “hold” rating in a research report on Monday, September 12th. Credit Suisse Group AG restated a “buy” rating and issued a $44.00 price objective on shares of Triumph Group in a research report on Friday, July 29th. JPMorgan Chase & Co. lowered their price objective on Triumph Group from $42.00 to $40.00 and set a “neutral” rating on the stock in a research report on Friday, July 29th. Finally, Jefferies Group lowered their price objective on Triumph Group from $54.00 to $44.00 and set a “buy” rating on the stock in a research report on Friday, July 29th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $45.08.
Triumph Group Company Profile
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.
Receive News & Ratings for Triumph Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Triumph Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.