Triumph Group Inc (TGI) Lifted to “Hold” at Vertical Research
Vertical Research upgraded shares of Triumph Group Inc (NYSE:TGI) from a sell rating to a hold rating in a research note released on Wednesday morning. The brokerage currently has $31.00 price objective on the aerospace company’s stock, up from their previous price objective of $24.00.
Several other equities research analysts also recently issued reports on TGI. Jefferies Group LLC set a $44.00 price objective on Triumph Group and gave the company a buy rating in a report on Thursday, February 2nd. Bank of America Corp downgraded Triumph Group from a buy rating to an underperform rating and set a $30.00 price objective on the stock. in a report on Monday, February 6th. Zacks Investment Research upgraded Triumph Group from a strong sell rating to a hold rating in a report on Tuesday, March 21st. Royal Bank of Canada reiterated a buy rating and issued a $35.00 price objective on shares of Triumph Group in a report on Tuesday, April 18th. Finally, Canaccord Genuity reiterated a hold rating and issued a $30.00 price objective on shares of Triumph Group in a report on Thursday, April 20th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $31.83.
Triumph Group (NYSE:TGI) opened at 33.25 on Wednesday. The company’s market cap is $1.65 billion. Triumph Group has a 52-week low of $19.65 and a 52-week high of $40.09. The stock’s 50 day moving average price is $25.35 and its 200-day moving average price is $26.38.
Triumph Group (NYSE:TGI) last posted its quarterly earnings data on Wednesday, May 24th. The aerospace company reported $3.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.40 by $1.69. The firm had revenue of $919.90 million for the quarter, compared to the consensus estimate of $923.93 million. Triumph Group had a positive return on equity of 22.67% and a negative net margin of 27.13%. The company’s quarterly revenue was down 13.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.32 EPS. On average, equities analysts predict that Triumph Group will post $3.71 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Tuesday, May 30th. This represents a $0.16 annualized dividend and a dividend yield of 0.48%. Triumph Group’s dividend payout ratio is currently -0.79%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Teachers Retirement System of The State of Kentucky boosted its position in Triumph Group by 21.3% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 12,990 shares of the aerospace company’s stock valued at $334,000 after buying an additional 2,284 shares in the last quarter. FNY Managed Accounts LLC purchased a new stake in shares of Triumph Group during the first quarter worth about $154,000. Paloma Partners Management Co boosted its stake in shares of Triumph Group by 61.3% in the first quarter. Paloma Partners Management Co now owns 46,036 shares of the aerospace company’s stock worth $1,185,000 after buying an additional 17,501 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in shares of Triumph Group by 8.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 261,302 shares of the aerospace company’s stock worth $6,729,000 after buying an additional 20,003 shares during the period. Finally, KCG Holdings Inc. purchased a new stake in shares of Triumph Group during the first quarter worth about $201,000. 98.78% of the stock is owned by institutional investors and hedge funds.
About Triumph Group
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