Teachers Retirement System of The State of Kentucky raised its position in Triumph Group, Inc. (NYSE:TGI) by 21.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,990 shares of the aerospace company’s stock after buying an additional 2,284 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Triumph Group were worth $334,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. boosted its position in Triumph Group by 13,862.7% in the first quarter. BlackRock Inc. now owns 7,517,512 shares of the aerospace company’s stock worth $193,578,000 after buying an additional 7,463,672 shares in the last quarter. Vanguard Group Inc. boosted its position in Triumph Group by 20.1% in the first quarter. Vanguard Group Inc. now owns 5,258,989 shares of the aerospace company’s stock worth $135,419,000 after buying an additional 880,074 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Triumph Group by 6.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,798,799 shares of the aerospace company’s stock worth $46,318,000 after buying an additional 109,471 shares in the last quarter. Teachers Advisors LLC boosted its position in Triumph Group by 14.0% in the first quarter. Teachers Advisors LLC now owns 1,782,579 shares of the aerospace company’s stock worth $45,901,000 after buying an additional 219,033 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its position in Triumph Group by 2.3% in the first quarter. State of New Jersey Common Pension Fund D now owns 900,000 shares of the aerospace company’s stock worth $23,175,000 after buying an additional 20,000 shares in the last quarter. Institutional investors and hedge funds own 99.86% of the company’s stock.

Triumph Group, Inc. (TGI) traded down 3.01% during midday trading on Monday, reaching $27.35. The company’s stock had a trading volume of 175,608 shares. The company’s market capitalization is $1.36 billion. Triumph Group, Inc. has a 1-year low of $19.65 and a 1-year high of $34.80. The company has a 50 day moving average of $31.15 and a 200-day moving average of $27.68.

Triumph Group (NYSE:TGI) last posted its quarterly earnings results on Wednesday, July 26th. The aerospace company reported $0.24 earnings per share (EPS) for the quarter, missing the Zacks’ 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 for the quarter, compared to analysts’ expectations of $804.26 million. During the same period last year, the firm posted $1.04 EPS. Triumph Group’s revenue was down 12.5% on a year-over-year basis. Equities research analysts anticipate that Triumph Group, Inc. will post $1.83 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date is Wednesday, August 30th. Triumph Group’s dividend payout ratio (DPR) is presently -12.12%.

COPYRIGHT VIOLATION NOTICE: “Triumph Group, Inc. (TGI) Shares Bought by Teachers Retirement System of The State of Kentucky” was posted by Daily Political and is the property of of Daily Political. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of US & international copyright & trademark legislation. The original version of this news story can be accessed at https://www.dailypolitical.com/2017/08/07/triumph-group-inc-tgi-shares-bought-by-teachers-retirement-system-of-the-state-of-kentucky.html.

TGI has been the topic of several research reports. Canaccord Genuity reissued a “hold” rating and set a $30.00 target price on shares of Triumph Group in a research note on Thursday, April 20th. Royal Bank Of Canada reissued a “buy” rating and set a $35.00 target price on shares of Triumph Group in a research note on Tuesday, April 18th. Zacks Investment Research raised Triumph Group from a “sell” rating to a “hold” rating in a research note on Wednesday, April 12th. Robert W. Baird raised Triumph Group from an “underperform” rating to an “outperform” rating and increased their target price for the stock from $25.00 to $30.00 in a research note on Tuesday, May 16th. Finally, ValuEngine raised Triumph Group from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $29.64.

About Triumph Group

Want to see what other hedge funds are holding TGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Triumph Group, Inc. (NYSE:TGI).

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

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.