Triumph Group Inc. (TGI) To Go Ex-Dividend on November 29th
Triumph Group Inc. (NYSE:TGI) announced a quarterly dividend on Monday, November 21st. Shareholders of record on Thursday, December 1st will be given a dividend of 0.04 per share on Thursday, December 15th. This represents a $0.16 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend is Tuesday, November 29th.
Shares of Triumph Group (NYSE:TGI) opened at 28.95 on Thursday. Triumph Group has a 52-week low of $22.40 and a 52-week high of $41.14. The firm’s market capitalization is $1.43 billion. The firm’s 50-day moving average price is $25.71 and its 200-day moving average price is $31.89.
Triumph Group (NYSE:TGI) last announced its earnings results on Thursday, November 3rd. The company reported $1.00 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.22. Triumph Group had a positive return on equity of 18.77% and a negative net margin of 29.78%. The business had revenue of $874.77 million for the quarter, compared to analyst estimates of $896.39 million. During the same period in the previous year, the company earned $1.32 earnings per share. The company’s revenue for the quarter was down 8.4% compared to the same quarter last year. On average, equities analysts predict that Triumph Group will post $3.32 earnings per share for the current fiscal year.
A number of brokerages have recently issued reports on TGI. Credit Suisse Group AG reaffirmed a “buy” rating and set a $44.00 target price on shares of Triumph Group in a research report on Friday, July 29th. Canaccord Genuity reaffirmed a “hold” rating on shares of Triumph Group in a research report on Friday, July 29th. Vertical Group reaffirmed a “sell” rating and set a $22.00 target price on shares of Triumph Group in a research report on Monday, October 31st. Zacks Investment Research lowered Triumph Group from a “buy” rating to a “hold” rating in a report on Friday, October 28th. Finally, 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 report on Friday, July 29th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company. Triumph Group has an average rating of “Hold” and a consensus price target of $38.14.
In other Triumph Group news, CEO Daniel J. Crowley acquired 50,000 shares of Triumph Group stock in a transaction dated Monday, November 7th. The stock was acquired at an average cost of $25.56 per share, for a total transaction of $1,278,000.00. Following the completion of the transaction, the chief executive officer now owns 389,567 shares in the company, valued at approximately $9,957,332.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Richard Lovely acquired 2,000 shares of Triumph Group stock in a transaction dated Monday, November 7th. The shares were acquired at an average price of $25.13 per share, with a total value of $50,260.00. Following the completion of the transaction, the senior vice president now owns 2,000 shares of the company’s stock, valued at approximately $50,260. The disclosure for this purchase can be found here. Insiders own 2.50% of the company’s stock.
Several institutional investors have recently modified their holdings of TGI. Banced Corp acquired a new position in shares of Triumph Group during the second quarter valued at about $319,000. BlackRock Investment Management LLC increased its stake in Triumph Group by 80.4% in the second quarter. BlackRock Investment Management LLC now owns 379,371 shares of the company’s stock worth $13,468,000 after buying an additional 169,066 shares during the period. BlackRock Fund Advisors increased its stake in 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 period. BlackRock Institutional Trust Company N.A. increased its stake in 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 period. Finally, US Bancorp DE increased its stake in Triumph Group by 1.5% in the second quarter. US Bancorp DE now owns 12,548 shares of the company’s stock worth $445,000 after buying an additional 184 shares during the period. Institutional investors and hedge funds own 98.65% of the company’s stock.
TRADEMARK VIOLATION WARNING: “Triumph Group Inc. (TGI) To Go Ex-Dividend on November 29th” was first reported by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are viewing this piece on another publication, it was copied illegally and republished in violation of U.S. and international copyright and trademark legislation. The correct version of this piece can be read at https://www.thecerbatgem.com/2016/11/24/triumph-group-inc-tgi-to-go-ex-dividend-on-november-29th.html.
Triumph Group Company Profile
Receive News & Stock 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 stocks with our FREE daily email newsletter.