Triumph Group, Inc. (NYSE:TGI) Cut to Sell at BidaskClub
BidaskClub cut shares of Triumph Group, Inc. (NYSE:TGI) from a hold rating to a sell rating in a research report report published on Tuesday.
A number of other equities analysts also recently weighed in on the company. ValuEngine downgraded Triumph Group from a buy rating to a hold rating in a research note on Tuesday. Royal Bank Of Canada reiterated a buy rating and issued a $33.00 price objective on shares of Triumph Group in a research note on Friday, July 28th. TheStreet upgraded Triumph Group from a d+ rating to a c- rating in a research note on Wednesday, July 26th. Cowen and Company reiterated a market perform rating and issued a $24.00 price objective (down previously from $32.00) on shares of Triumph Group in a research note on Thursday, July 27th. Finally, Jefferies Group LLC downgraded Triumph Group from a buy rating to a hold rating and set a $37.00 price objective on the stock. in a research note on Monday, July 24th. Five analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. Triumph Group presently has a consensus rating of Hold and a consensus target price of $29.64.
Shares of Triumph Group (NYSE:TGI) traded up 2.459% during trading on Tuesday, hitting $28.125. The stock had a trading volume of 438,719 shares. The company’s market capitalization is $1.40 billion. The company’s 50 day moving average price is $31.15 and its 200 day moving average price is $27.68. Triumph Group has a 52 week low of $19.65 and a 52 week high of $34.80.
Triumph Group (NYSE:TGI) last announced its earnings results on Wednesday, July 26th. The aerospace company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by $0.63. Triumph Group had a positive return on equity of 28.96% and a negative net margin of 1.89%. The business had revenue of $781.70 million during the quarter, compared to analysts’ expectations of $804.26 million. During the same quarter in the previous year, the firm earned $1.04 EPS. Triumph Group’s quarterly revenue was down 12.5% on a year-over-year basis. Analysts predict that Triumph Group will post $1.83 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.16 annualized dividend and a dividend yield of 0.58%. Triumph Group’s dividend payout ratio is currently -12.12%.
Several large investors have recently bought and sold shares of the company. Bank of Montreal Can increased its stake in Triumph Group by 8.0% in the first quarter. Bank of Montreal Can now owns 5,252 shares of the aerospace company’s stock valued at $135,000 after buying an additional 391 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in Triumph Group during the first quarter valued at about $140,000. FNY Managed Accounts LLC bought a new stake in Triumph Group during the first quarter valued at about $154,000. Sei Investments Co. increased its stake in Triumph Group by 51.6% in the second quarter. Sei Investments Co. now owns 5,279 shares of the aerospace company’s stock valued at $167,000 after buying an additional 1,796 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new stake in Triumph Group during the second quarter valued at about $171,000. Hedge funds and other institutional investors own 99.75% of the company’s stock.
Triumph Group Company Profile
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