ValuEngine upgraded shares of Triumph Group, Inc. (NYSE:TGI) from a buy rating to a strong-buy rating in a report published on Friday morning.

TGI has been the subject of several other reports. Robert W. Baird raised Triumph Group from an underperform rating to an outperform rating and raised their price objective for the company from $25.00 to $30.00 in a research note on Tuesday, May 16th. Jefferies Group LLC lowered Triumph Group from a buy rating to a hold rating and set a $37.00 price objective for the company. in a research note on Monday, July 24th. Royal Bank Of Canada reaffirmed a buy rating and issued a $35.00 price objective on shares of Triumph Group in a research note on Friday, May 19th. Vertical Research raised Triumph Group from a sell rating to a hold rating and raised their price objective for the company from $24.00 to $31.00 in a research note on Wednesday, May 24th. Finally, TheStreet raised Triumph Group from a d+ rating to a c- rating in a research note on Wednesday, July 26th. Five research analysts have rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $30.00.

Triumph Group (TGI) opened at 26.50 on Friday. The stock’s market capitalization is $1.32 billion. The firm has a 50-day moving average price of $28.15 and a 200-day moving average price of $27.67. Triumph Group has a 52 week low of $19.65 and a 52 week high of $34.80.

Triumph Group (NYSE:TGI) last posted its quarterly earnings data on Wednesday, July 26th. The aerospace company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by $0.63. The company had revenue of $781.70 million during the quarter, compared to the consensus estimate of $804.26 million. Triumph Group had a negative net margin of 1.89% and a positive return on equity of 28.96%. Triumph Group’s revenue for the quarter was down 12.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.04 earnings per share. Equities research analysts predict that Triumph Group will post $1.71 EPS for the current fiscal year.

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The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date of this dividend is Wednesday, August 30th. Triumph Group’s dividend payout ratio is currently -12.12%.

Several hedge funds have recently modified their holdings of the stock. Dynamic Technology Lab Private Ltd bought a new stake in shares of Triumph Group during the 2nd quarter worth approximately $1,536,000. Public Employees Retirement System of Ohio bought a new stake in shares of Triumph Group during the 2nd quarter worth approximately $408,000. Koch Industries Inc. bought a new stake in shares of Triumph Group during the 2nd quarter worth approximately $273,000. Piedmont Investment Advisors LLC bought a new stake in shares of Triumph Group during the 2nd quarter worth approximately $339,000. Finally, Tower Research Capital LLC TRC bought a new stake in shares of Triumph Group during the 2nd quarter worth approximately $201,000. 99.75% of the stock is owned by hedge funds and other institutional investors.

Triumph Group Company Profile

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Analyst Recommendations for Triumph Group (NYSE:TGI)

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