Triumph Group Inc. (TGI) Receives New Coverage from Analysts at Robert W. Baird
Robert W. Baird assumed coverage on shares of Triumph Group Inc. (NYSE:TGI) in a report issued on Thursday morning. The brokerage issued an underperform rating and a $24.00 price objective on the stock.
Several other equities research analysts have also weighed in on TGI. Deutsche Bank AG reaffirmed a buy rating and issued a $45.00 target price (up from $40.00) on shares of Triumph Group in a research report on Monday, June 13th. Zacks Investment Research lowered Triumph Group from a hold rating to a sell rating in a research report on Monday, July 18th. Standpoint Research reaffirmed a buy rating on shares of Triumph Group in a research report on Wednesday, July 27th. Jefferies Group dropped their target price on Triumph Group from $54.00 to $44.00 and set a buy rating on the stock in a research report on Friday, July 29th. Finally, JPMorgan Chase & Co. dropped their target price on Triumph Group from $42.00 to $40.00 and set a neutral rating on the stock in a research report on Friday, July 29th. One 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’s stock. The stock presently has an average rating of Buy and a consensus target price of $43.46.
Triumph Group (NYSE:TGI) traded down 6.11% on Thursday, hitting $25.35. The stock had a trading volume of 512,524 shares. Triumph Group has a one year low of $22.94 and a one year high of $47.28. The company’s market cap is $1.26 billion. The stock has a 50-day moving average of $30.09 and a 200-day moving average of $33.91.
Triumph Group (NYSE:TGI) last posted its quarterly earnings results on Thursday, July 28th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.10. The business had revenue of $893.30 million for the quarter, compared to analyst estimates of $896.80 million. Triumph Group had a positive return on equity of 15.92% and a negative net margin of 28.46%. The business’s revenue was down 6.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.31 EPS. Equities analysts expect that Triumph Group will post $3.32 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were issued a dividend of $0.04 per share. The ex-dividend date was Tuesday, August 30th. This represents a $0.16 dividend on an annualized basis and a yield of 0.59%. Triumph Group’s payout ratio is -0.72%.
Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of Triumph Group by 7.4% in the second quarter. Vanguard Group Inc. now owns 3,570,648 shares of the company’s stock worth $126,758,000 after buying an additional 245,621 shares during the last quarter. BlackRock Fund Advisors raised its stake in shares of Triumph Group by 43.1% in the second quarter. BlackRock Fund Advisors now owns 2,744,428 shares of the company’s stock worth $97,427,000 after buying an additional 826,806 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Triumph Group by 8.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,279,832 shares of the company’s stock worth $80,926,000 after buying an additional 181,210 shares during the last quarter. State Street Corp raised its stake in shares of Triumph Group by 17.6% in the second quarter. State Street Corp now owns 1,738,088 shares of the company’s stock worth $61,702,000 after buying an additional 260,208 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its stake in shares of Triumph Group by 2.0% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,479,870 shares of the company’s stock worth $52,535,000 after buying an additional 29,224 shares during the last quarter. Institutional investors own 99.35% of the company’s stock.
About Triumph Group
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