Triumph Group, Inc. (TGI) Receives Average Recommendation of “Hold” from Analysts
Triumph Group, Inc. (NYSE:TGI) has received an average rating of “Hold” from the fifteen research firms that are currently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $29.90.
A number of brokerages have recently commented on TGI. Jefferies Group LLC cut Triumph Group from a “buy” rating to a “hold” rating and set a $37.00 price target for the company. in a research note on Monday, July 24th. Canaccord Genuity reaffirmed a “hold” rating and issued a $34.00 price target on shares of Triumph Group in a research note on Thursday, July 20th. ValuEngine cut Triumph Group from a “buy” rating to a “hold” rating in a research note on Friday, May 26th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $37.00 price target (up from $35.00) on shares of Triumph Group in a research note on Thursday, May 25th. Finally, Standpoint Research cut Triumph Group from a “buy” rating to a “reduce” rating in a research note on Thursday, May 25th. They noted that the move was a valuation call.
Shares of Triumph Group (TGI) traded down 4.81% on Friday, hitting $25.70. 512,676 shares of the company’s stock traded hands. Triumph Group has a 1-year low of $19.65 and a 1-year high of $34.80. The company’s market cap is $1.28 billion. The firm’s 50-day moving average price is $30.00 and its 200 day moving average price is $27.82.
Triumph Group (NYSE:TGI) last announced its quarterly earnings results on Wednesday, July 26th. The aerospace company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by $0.63. The company had revenue of $781.70 million during the quarter, compared to the consensus estimate of $804.26 million. Triumph Group had a negative net margin of 1.89% and a positive return on equity of 28.96%. The business’s revenue was down 12.5% compared to the same quarter last year. During the same period last year, the company earned $1.04 earnings per share. On average, equities research analysts expect that Triumph Group will post $1.83 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be paid a dividend of $0.04 per share. The ex-dividend date is Wednesday, August 30th. This represents a $0.16 dividend on an annualized basis and a yield of 0.62%. Triumph Group’s payout ratio is -12.12%.
A number of hedge funds have recently bought and sold shares of the company. Riverhead Capital Management LLC increased its position in Triumph Group by 56.8% in the second quarter. Riverhead Capital Management LLC now owns 3,763 shares of the aerospace company’s stock worth $119,000 after buying an additional 1,363 shares during the period. Bank of Montreal Can increased its position 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 worth $135,000 after buying an additional 391 shares during the period. State of Alaska Department of Revenue purchased a new position in Triumph Group during the first quarter worth $140,000. Thompson Siegel & Walmsley LLC purchased a new position in Triumph Group during the second quarter worth $149,000. Finally, FNY Managed Accounts LLC purchased a new position in Triumph Group during the first quarter worth $154,000. 99.84% of the stock is owned by institutional investors and hedge funds.
Triumph Group Company Profile
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