Trexquant Investment LP purchased a new stake in Triumph Group, Inc. (NYSE:TGI) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 12,827 shares of the aerospace company’s stock, valued at approximately $405,000.

Several other large investors have also modified their holdings of the company. Bank of Montreal Can increased its stake in shares of Triumph Group by 8.0% in the first quarter. Bank of Montreal Can now owns 5,252 shares of the aerospace company’s stock valued at $135,000 after buying an additional 391 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in shares of Triumph Group during the first quarter valued at about $140,000. FNY Managed Accounts LLC purchased a new position in shares of Triumph Group during the first quarter valued at about $154,000. Sei Investments Co. boosted its position in shares of Triumph Group by 51.6% in the second quarter. Sei Investments Co. now owns 5,279 shares of the aerospace company’s stock valued at $167,000 after buying an additional 1,796 shares during the period. Finally, Acadian Asset Management LLC purchased a new position in shares of Triumph Group during the second quarter valued at about $171,000. Hedge funds and other institutional investors own 99.84% of the company’s stock.

Shares of Triumph Group, Inc. (TGI) opened at 27.75 on Wednesday. Triumph Group, Inc. has a 12 month low of $19.65 and a 12 month high of $34.80. The firm’s 50-day moving average price is $30.24 and its 200 day moving average price is $27.84. The company’s market cap is $1.38 billion.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders 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 dividend yield of 0.58%. The ex-dividend date is Wednesday, August 30th. Triumph Group’s dividend payout ratio is currently -12.12%.

TRADEMARK VIOLATION WARNING: This piece was originally published by Daily Political and is owned by of Daily Political. If you are viewing this piece on another site, it was illegally copied and republished in violation of US & international copyright law. The legal version of this piece can be read at https://www.dailypolitical.com/2017/08/16/trexquant-investment-lp-purchases-new-position-in-triumph-group-inc-tgi.html.

TGI has been the topic of several research analyst reports. Canaccord Genuity reissued a “hold” rating and issued a $30.00 price objective on shares of Triumph Group in a research note on Thursday, April 20th. Royal Bank Of Canada reissued a “buy” rating and issued a $35.00 price objective on shares of Triumph Group in a research note on Tuesday, April 18th. Robert W. Baird raised Triumph Group from an “underperform” rating to an “outperform” rating and increased their price objective for the stock from $25.00 to $30.00 in a research note on Tuesday, May 16th. ValuEngine raised Triumph Group from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, BidaskClub raised Triumph Group from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 5th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. The stock presently 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.