Triumph Group’s (TGI) Hold Rating Reiterated at SunTrust Banks, Inc.
SunTrust Banks, Inc. reaffirmed their hold rating on shares of Triumph Group, Inc. (NYSE:TGI) in a research report sent to investors on Thursday morning. SunTrust Banks, Inc. currently has a $28.00 price objective on the aerospace company’s stock.
Other analysts also recently issued research reports about the company. Royal Bank Of Canada restated a buy rating and issued a $33.00 target price on shares of Triumph Group in a research note on Friday, July 28th. Robert W. Baird restated a buy rating and issued a $34.00 target price on shares of Triumph Group in a research note on Friday, September 8th. TheStreet upgraded Triumph Group from a d+ rating to a c- rating in a research note on Wednesday, July 26th. ValuEngine downgraded Triumph Group from a buy rating to a hold rating in a research note on Tuesday, August 1st. Finally, Jefferies Group LLC downgraded Triumph Group from a buy rating to a hold rating and set a $37.00 target price on the stock. in a research note on Monday, July 24th. Four analysts have rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $30.00.
Triumph Group (TGI) opened at 31.65 on Thursday. The firm has a 50-day moving average price of $28.73 and a 200 day moving average price of $28.39. The stock’s market capitalization is $1.57 billion. Triumph Group has a 12 month low of $19.65 and a 12 month high of $34.80.
Triumph Group (NYSE:TGI) last issued its earnings results on Wednesday, July 26th. The aerospace company reported $0.24 EPS 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 during the quarter, compared to analysts’ expectations of $804.26 million. During the same quarter in the previous year, the company earned $1.04 EPS. The firm’s quarterly revenue was down 12.5% compared to the same quarter last year. Equities analysts anticipate that Triumph Group will post $1.76 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were given a dividend of $0.04 per share. The ex-dividend date was Wednesday, August 30th. This represents a $0.16 dividend on an annualized basis and a yield of 0.51%. Triumph Group’s dividend payout ratio is currently -12.12%.
A number of hedge funds have recently modified their holdings of the business. Dynamic Technology Lab Private Ltd purchased a new position in Triumph Group during the second quarter worth approximately $1,536,000. Public Employees Retirement System of Ohio purchased a new position in Triumph Group during the second quarter worth approximately $408,000. Koch Industries Inc. purchased a new position in Triumph Group during the second quarter worth approximately $273,000. Piedmont Investment Advisors LLC purchased a new position in Triumph Group during the second quarter worth approximately $339,000. Finally, Tower Research Capital LLC TRC purchased a new position in Triumph Group during the second quarter worth approximately $201,000. Institutional investors own 99.75% of the company’s stock.
About Triumph Group
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