Mutual Advisors LLC Grows Holdings in Triumph Group Inc (TGI)
Mutual Advisors LLC raised its stake in shares of Triumph Group Inc (NYSE:TGI) by 36.6% in the 2nd quarter, Holdings Channel reports. The firm owned 66,400 shares of the aerospace company’s stock after acquiring an additional 17,800 shares during the period. Mutual Advisors LLC’s holdings in Triumph Group were worth $1,301,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. raised its position in shares of Triumph Group by 9.5% during the 2nd quarter. BlackRock Inc. now owns 9,187,465 shares of the aerospace company’s stock valued at $180,074,000 after buying an additional 794,349 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Triumph Group by 8.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,279,951 shares of the aerospace company’s stock valued at $82,655,000 after buying an additional 244,916 shares in the last quarter. Towle & Co. raised its position in shares of Triumph Group by 37.3% during the 2nd quarter. Towle & Co. now owns 2,007,264 shares of the aerospace company’s stock valued at $39,342,000 after buying an additional 545,790 shares in the last quarter. Maple Rock Capital Partners Inc. raised its position in shares of Triumph Group by 24.7% during the 2nd quarter. Maple Rock Capital Partners Inc. now owns 1,390,000 shares of the aerospace company’s stock valued at $27,244,000 after buying an additional 275,000 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Triumph Group by 1.7% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,287,071 shares of the aerospace company’s stock valued at $25,227,000 after buying an additional 21,672 shares in the last quarter.
Triumph Group stock traded up $0.10 during midday trading on Friday, reaching $22.35. The stock had a trading volume of 600 shares, compared to its average volume of 472,588. The company has a debt-to-equity ratio of -6.64, a current ratio of 1.23 and a quick ratio of 0.81. Triumph Group Inc has a 52-week low of $17.75 and a 52-week high of $34.58. The firm has a market capitalization of $1.09 billion, a P/E ratio of 8.79, a price-to-earnings-growth ratio of 0.89 and a beta of 1.78.
The company also recently disclosed a quarterly dividend, which will be paid on Saturday, September 15th. Investors of record on Friday, August 31st will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend is Thursday, August 30th. Triumph Group’s dividend payout ratio (DPR) is currently 6.32%.
In related news, Director Joseph Silvestri sold 5,000 shares of the stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $22.00, for a total value of $110,000.00. Following the sale, the director now directly owns 107,662 shares of the company’s stock, valued at approximately $2,368,564. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.50% of the company’s stock.
TGI has been the topic of several recent research reports. UBS Group initiated coverage on shares of Triumph Group in a research report on Wednesday, August 15th. They set a “sell” rating and a $19.00 target price on the stock. ValuEngine cut shares of Triumph Group from a “hold” rating to a “sell” rating in a research report on Wednesday, June 27th. Barclays decreased their target price on shares of Triumph Group from $28.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Tuesday, September 4th. SunTrust Banks restated a “hold” rating and set a $23.00 target price on shares of Triumph Group in a research report on Friday, July 20th. Finally, Bank of America decreased their target price on shares of Triumph Group from $29.00 to $24.00 and set an “underperform” rating on the stock in a research report on Wednesday, August 15th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $26.00.
Triumph Group Profile
Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls, and distributes aerostructures, aircraft components, accessories, subassemblies, and systems worldwide. The company operates in three segments: Integrated Systems, Aerospace Structures, and Product Support. It offers aircraft and engine-mounted accessory drives, thermal control systems and components, cargo hooks, high lift actuations, cockpit control levers, hydraulic systems and components, landing gear actuation systems, control system valve bodies, landing gear components and assemblies, electronic engine controls, main engine gear box assemblies, exhaust nozzles and ducting, fuel pumps, geared transmissions and drive train components, secondary flight control systems, fuel metering units, and vibration absorbers.
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