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.

Dividend History for Triumph Group (NYSE:TGI)

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.

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Triumph Group Company Profile

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