Triumph Group Inc. (TGI) Given Buy Rating at Canaccord Genuity
A number of other analysts have also commented on the company. Zacks Investment Research upgraded Triumph Group from a strong sell rating to a hold rating in a research report on Monday, September 12th. Credit Suisse Group AG reiterated a buy rating and issued a $44.00 price objective on shares of Triumph Group in a research report on Friday, July 29th. JPMorgan Chase & Co. lowered their price objective on Triumph Group from $42.00 to $40.00 and set a neutral rating for the company in a research report on Friday, July 29th. Jefferies Group lowered their price objective on Triumph Group from $54.00 to $44.00 and set a buy rating for the company in a research report on Friday, July 29th. Finally, Standpoint Research reiterated a buy rating on shares of Triumph Group in a research report on Wednesday, July 27th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company. Triumph Group has a consensus rating of Buy and an average price target of $43.46.
Triumph Group (NYSE:TGI) traded down 4.196% during mid-day trading on Wednesday, hitting $27.285. 309,408 shares of the stock were exchanged. Triumph Group has a 12-month low of $22.94 and a 12-month high of $47.28. The firm has a 50-day moving average price of $30.21 and a 200-day moving average price of $33.96. The stock’s market capitalization is $1.35 billion.
Triumph Group (NYSE:TGI) last announced its earnings results on Thursday, July 28th. The company reported $1.04 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.10. Triumph Group had a positive return on equity of 15.92% and a negative net margin of 28.46%. The company earned $893.30 million during the quarter, compared to analyst estimates of $896.80 million. During the same period last year, the company posted $1.31 earnings per share. The firm’s quarterly revenue was down 6.9% compared to the same quarter last year. Equities analysts predict that Triumph Group will post $3.32 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend was Tuesday, August 30th. Triumph Group’s dividend payout ratio (DPR) is currently -0.72%.
Several hedge funds have recently added to or reduced their stakes in TGI. Foundry Partners LLC raised its stake in Triumph Group by 42.5% in the third quarter. Foundry Partners LLC now owns 254,543 shares of the company’s stock valued at $7,097,000 after buying an additional 75,905 shares during the period. Northwestern Mutual Investment Management Company LLC raised its stake in Triumph Group by 0.5% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 8,549 shares of the company’s stock valued at $303,000 after buying an additional 39 shares during the period. Mason Street Advisors LLC bought a new stake in Triumph Group during the second quarter valued at about $802,000. Wolverine Asset Management LLC bought a new stake in Triumph Group during the second quarter valued at about $1,775,000. Finally, Royal Bank of Canada raised its stake in Triumph Group by 32.7% in the second quarter. Royal Bank of Canada now owns 401,331 shares of the company’s stock valued at $14,246,000 after buying an additional 98,794 shares during the period. 99.35% of the stock is currently owned by institutional investors.
Triumph Group Company Profile
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