Neuberger Berman Group LLC Trims Stake in Triumph Group, Inc. (TGI)
Neuberger Berman Group LLC cut its holdings in Triumph Group, Inc. (NYSE:TGI) by 85.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,539 shares of the aerospace company’s stock after selling 82,636 shares during the period. Neuberger Berman Group LLC’s holdings in Triumph Group were worth $428,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Bank of Montreal Can increased its holdings in shares of Triumph Group by 8.0% in the 1st quarter. Bank of Montreal Can now owns 5,252 shares of the aerospace company’s stock worth $135,000 after buying an additional 391 shares during the last quarter. FNY Managed Accounts LLC bought a new stake in shares of Triumph Group in the 1st quarter worth about $154,000. Sei Investments Co. increased its holdings in shares of Triumph Group by 51.6% in the 2nd quarter. Sei Investments Co. now owns 5,279 shares of the aerospace company’s stock worth $167,000 after buying an additional 1,796 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of Triumph Group in the 2nd quarter worth about $171,000. Finally, KCG Holdings Inc. bought a new stake in shares of Triumph Group in the 1st quarter worth about $201,000. Hedge funds and other institutional investors own 99.75% of the company’s stock.
Several equities analysts recently commented on the stock. Robert W. Baird reiterated a “buy” rating and set a $34.00 price target on shares of Triumph Group in a report on Friday, September 8th. Royal Bank Of Canada reiterated a “buy” rating and set a $33.00 price target on shares of Triumph Group in a report on Friday, September 1st. ValuEngine upgraded shares of Triumph Group from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Bank of America Corporation reiterated an “underperform” rating and set a $27.00 price target (down from $30.00) on shares of Triumph Group in a report on Saturday, August 26th. Finally, BidaskClub downgraded shares of Triumph Group from a “hold” rating to a “sell” rating in a report on Tuesday, August 22nd. Five investment analysts have rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $30.33.
Shares of Triumph Group, Inc. (NYSE TGI) opened at 28.05 on Friday. Triumph Group, Inc. has a 52-week low of $19.65 and a 52-week high of $34.80. The stock’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 (NYSE:TGI) last released its quarterly earnings data on Wednesday, July 26th. The aerospace company reported $0.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate 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 firm had revenue of $781.70 million for the quarter, compared to analyst estimates of $804.26 million. During the same quarter in the previous year, the business posted $1.04 earnings per share. Triumph Group’s revenue for the quarter was down 12.5% on a year-over-year basis. Equities research analysts forecast that Triumph Group, Inc. will post $1.73 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend was Wednesday, August 30th. Triumph Group’s payout ratio is currently -12.12%.
Triumph Group Profile
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.