Trexquant Investment LP Purchases New Position in Triumph Group, Inc. (TGI)
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%.
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
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