Triumph Group Inc. (TGI) Coverage Initiated at Robert W. Baird
Investment analysts at Robert W. Baird assumed coverage on shares of Triumph Group Inc. (NYSE:TGI) in a research note issued on Thursday. The firm set an “underperform” rating and a $24.00 price target on the stock. Robert W. Baird’s target price would indicate a potential downside of 6.21% from the stock’s previous close.
TGI has been the topic of a number of other reports. Canaccord Genuity restated a “buy” rating on shares of Triumph Group in a research note on Wednesday, October 5th. Zacks Investment Research upgraded Triumph Group from a “strong sell” rating to a “hold” rating in a research note on Monday, September 12th. Standpoint Research restated a “buy” rating on shares of Triumph Group in a research note on Wednesday, July 27th. Jefferies Group decreased their price target on Triumph Group from $54.00 to $44.00 and set a “buy” rating on the stock in a research note on Friday, July 29th. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $45.00 price objective (up from $40.00) on shares of Triumph Group in a research note on Monday, June 13th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company. Triumph Group presently has a consensus rating of “Buy” and an average target price of $43.46.
Shares of Triumph Group (NYSE:TGI) opened at 25.59 on Thursday. The firm’s market cap is $1.27 billion. Triumph Group has a 12 month low of $22.94 and a 12 month high of $47.28. The firm’s 50-day moving average price is $29.90 and its 200-day moving average price is $33.85.
Triumph Group (NYSE:TGI) last released its quarterly earnings results on Thursday, July 28th. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.10. Triumph Group had a positive return on equity of 15.92% and a negative net margin of 28.46%. The company had revenue of $893.30 million for the quarter, compared to analysts’ expectations of $896.80 million. During the same period in the prior year, the firm earned $1.31 earnings per share. The firm’s revenue was down 6.9% compared to the same quarter last year. Analysts expect that Triumph Group will post $3.32 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.63%. The ex-dividend date of this dividend was Tuesday, August 30th. Triumph Group’s payout ratio is -0.72%.
Institutional investors have recently modified their holdings of the company. Kennedy Capital Management Inc. raised its position in shares of Triumph Group by 20.7% in the first quarter. Kennedy Capital Management Inc. now owns 426,913 shares of the company’s stock valued at $13,439,000 after buying an additional 73,132 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Triumph Group by 62.6% in the first quarter. Wellington Management Group LLP now owns 1,347,767 shares of the company’s stock valued at $42,428,000 after buying an additional 518,753 shares during the last quarter. UBS Group AG raised its position in Triumph Group by 59.0% in the first quarter. UBS Group AG now owns 18,380 shares of the company’s stock worth $578,000 after buying an additional 6,820 shares in the last quarter. State Street Corp raised its position in Triumph Group by 5.9% in the first quarter. State Street Corp now owns 1,477,880 shares of the company’s stock worth $46,522,000 after buying an additional 82,365 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its position in Triumph Group by 69.7% in the first quarter. Canada Pension Plan Investment Board now owns 34,100 shares of the company’s stock worth $1,073,000 after buying an additional 14,000 shares in the last quarter. 99.35% of the stock is currently owned by institutional investors.
Triumph Group Company Profile
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