River Wealth Advisors LLC reduced its position in shares of Triumph Group, Inc. (NYSE:TGI) by 14.0% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 9,789 shares of the aerospace company’s stock after selling 1,590 shares during the period. River Wealth Advisors LLC’s holdings in Triumph Group were worth $309,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Wright Investors Service Inc. boosted its stake in Triumph Group by 1.3% in the second quarter. Wright Investors Service Inc. now owns 19,150 shares of the aerospace company’s stock worth $605,000 after buying an additional 255 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Triumph Group by 1.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 32,371 shares of the aerospace company’s stock worth $834,000 after buying an additional 386 shares during the last quarter. Bank of Montreal Can boosted its stake in Triumph Group by 8.0% in the first quarter. Bank of Montreal Can now owns 5,252 shares of the aerospace company’s stock worth $135,000 after buying an additional 391 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in Triumph Group by 3.6% in the second quarter. Municipal Employees Retirement System of Michigan now owns 11,700 shares of the aerospace company’s stock worth $370,000 after buying an additional 410 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in Triumph Group by 9.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 8,510 shares of the aerospace company’s stock worth $226,000 after buying an additional 750 shares during the last quarter. 99.75% of the stock is currently owned by institutional investors and hedge funds.

Triumph Group, Inc. (TGI) opened at 28.20 on Friday. The firm has a 50-day moving average of $31.15 and a 200-day moving average of $27.68. The firm’s market capitalization is $1.40 billion. Triumph Group, Inc. has a 52-week low of $19.65 and a 52-week high of $34.80.

Triumph Group (NYSE:TGI) last released its earnings results on Wednesday, July 26th. The aerospace company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.87 by $0.63. Triumph Group had a negative net margin of 1.89% and a positive return on equity of 28.96%. The firm had revenue of $781.70 million during the quarter, compared to the consensus estimate of $804.26 million. During the same period in the prior year, the business earned $1.04 earnings per share. Triumph Group’s quarterly revenue was down 12.5% compared to the same quarter last year. On average, equities research analysts forecast that Triumph Group, Inc. will post $1.83 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend is Wednesday, August 30th. Triumph Group’s dividend payout ratio is currently -12.12%.

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A number of research firms recently weighed in on TGI. Jefferies Group LLC set a $29.00 target price on shares of Triumph Group and gave the company a “buy” rating in a research note on Saturday, May 6th. Royal Bank Of Canada reissued a “buy” rating and issued a $35.00 target price on shares of Triumph Group in a research note on Friday, May 19th. Robert W. Baird raised shares of Triumph Group from an “underperform” rating to an “outperform” rating and upped their target price for the company from $25.00 to $30.00 in a research note on Tuesday, May 16th. Canaccord Genuity upped their target price on shares of Triumph Group from $30.00 to $34.00 and gave the company a “hold” rating in a research note on Thursday, May 25th. Finally, TheStreet raised shares of Triumph Group from a “d+” rating to a “c-” rating in a research note on Wednesday, July 26th. Five analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. Triumph Group currently has an average rating of “Hold” and an average target price of $29.64.

Triumph Group Company Profile

Institutional Ownership by Quarter for Triumph Group (NYSE:TGI)

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