Schwab Charles Investment Management Inc. raised its holdings in shares of Triumph Group, Inc. (NYSE:TGI) by 118.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 570,890 shares of the aerospace company’s stock after purchasing an additional 309,588 shares during the quarter. Schwab Charles Investment Management Inc. owned 1.15% of Triumph Group worth $18,041,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Thrivent Financial For Lutherans lifted its position in shares of Triumph Group by 230.1% during the first quarter. Thrivent Financial For Lutherans now owns 28,090 shares of the aerospace company’s stock worth $723,000 after purchasing an additional 19,580 shares during the last quarter. Smith Graham & Co. Investment Advisors LP lifted its position in shares of Triumph Group by 17.2% during the second quarter. Smith Graham & Co. Investment Advisors LP now owns 355,241 shares of the aerospace company’s stock worth $11,226,000 after purchasing an additional 52,260 shares during the last quarter. State of Tennessee Treasury Department bought a new stake in shares of Triumph Group during the first quarter worth $1,206,000. Comerica Bank lifted its position in shares of Triumph Group by 49.6% during the first quarter. Comerica Bank now owns 55,680 shares of the aerospace company’s stock worth $1,470,000 after purchasing an additional 18,469 shares during the last quarter. Finally, Neuberger Berman Group LLC bought a new stake in shares of Triumph Group during the first quarter worth $2,477,000. Institutional investors and hedge funds own 99.75% of the company’s stock.

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Triumph Group, Inc. (NYSE:TGI) opened at 28.05 on Friday. The company’s market capitalization is $1.39 billion. The firm has a 50-day moving average of $26.72 and a 200-day moving average of $27.67. Triumph Group, Inc. has a one year low of $19.65 and a one year high of $34.80.

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 analysts’ consensus estimates of $0.87 by ($0.63). The company had revenue of $781.70 million during the quarter, compared to analyst estimates 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 prior year, the business earned $1.04 EPS. On average, analysts anticipate that Triumph Group, Inc. will post $1.73 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend was Wednesday, August 30th. Triumph Group’s dividend payout ratio is currently -12.12%.

Several research firms have recently weighed in on TGI. Jefferies Group LLC downgraded Triumph Group from a “buy” rating to a “hold” rating and set a $37.00 target price for the company. in a research report on Monday, July 24th. Canaccord Genuity restated a “hold” rating and issued a $34.00 price objective on shares of Triumph Group in a report on Thursday, July 20th. ValuEngine downgraded Triumph Group from a “buy” rating to a “hold” rating in a report on Friday, May 26th. BidaskClub upgraded Triumph Group from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 5th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $33.00 price objective on shares of Triumph Group in a report on Friday, September 1st. Five analysts have rated the stock with a sell rating, six have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $30.33.

Triumph Group Company Profile

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

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