Triumph Group’s (TGI) Buy Rating Reiterated at Canaccord Genuity
A number of other research firms have also commented on TGI. Credit Suisse Group AG reaffirmed a buy rating and set a $44.00 price objective on shares of Triumph Group in a research note on Friday, July 29th. Zacks Investment Research raised shares of Triumph Group from a strong sell rating to a hold rating in a research note on Monday, September 12th. Standpoint Research reaffirmed a buy rating on shares of Triumph Group in a research note on Wednesday, July 27th. Deutsche Bank AG reaffirmed a buy rating and set a $45.00 price objective (up from $40.00) on shares of Triumph Group in a research note on Monday, June 13th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Triumph Group from $42.00 to $40.00 and set a neutral rating for the company in a research note on Friday, July 29th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $43.46.
Triumph Group (NYSE:TGI) opened at 25.88 on Wednesday. The firm’s 50-day moving average is $29.72 and its 200-day moving average is $33.83. Triumph Group has a 12 month low of $22.94 and a 12 month high of $47.28. The firm’s market capitalization is $1.28 billion.
Triumph Group (NYSE:TGI) last posted its quarterly earnings data on Thursday, July 28th. The company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates 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 company earned $893.30 million during the quarter, compared to analyst estimates of $896.80 million. During the same period in the prior year, the firm earned $1.31 earnings per share. The business’s quarterly revenue was down 6.9% on a year-over-year basis. On average, equities research analysts expect that Triumph Group will post $3.32 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were issued a $0.04 dividend. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.62%. Triumph Group’s dividend payout ratio is -0.72%.
Institutional investors have recently modified their holdings of the stock. LS Investment Advisors LLC increased its position in shares of Triumph Group by 72.2% in the second quarter. LS Investment Advisors LLC now owns 3,054 shares of the company’s stock worth $108,000 after buying an additional 1,280 shares in the last quarter. Trust Department MB Financial Bank N A increased its position in Triumph Group by 633.3% in the second quarter. Trust Department MB Financial Bank N A now owns 1,716 shares of the company’s stock worth $114,000 after buying an additional 1,482 shares in the last quarter. Quantitative Systematic Strategies LLC purchased a new position in Triumph Group during the second quarter worth approximately $203,000. Teacher Retirement System of Texas increased its position in Triumph Group by 8.1% in the second quarter. Teacher Retirement System of Texas now owns 6,515 shares of the company’s stock worth $231,000 after buying an additional 488 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Triumph Group during the second quarter worth approximately $236,000. Institutional investors own 99.35% of the company’s stock.
Triumph Group Company Profile
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