Bank of America Corporation reiterated their underperform rating on shares of Triumph Group, Inc. (NYSE:TGI) in a research note issued to investors on Saturday. The firm currently has a $27.00 price target on the aerospace company’s stock, down from their prior price target of $30.00.

A number of other analysts have also issued reports on the company. Robert W. Baird upgraded Triumph Group from an underperform rating to an outperform rating and increased their target price for the company from $25.00 to $30.00 in a report on Tuesday, May 16th. ValuEngine upgraded Triumph Group from a hold rating to a buy rating in a report on Friday, June 2nd. BidaskClub upgraded Triumph Group from a strong sell rating to a sell rating in a report on Wednesday, July 5th. Zacks Investment Research lowered Triumph Group from a hold rating to a sell rating in a report on Wednesday, May 10th. Finally, Vertical Research upgraded Triumph Group from a sell rating to a hold rating and increased their target price for the company from $24.00 to $31.00 in a report on Wednesday, May 24th. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. Triumph Group currently has an average rating of Hold and a consensus price target of $30.00.

Shares of Triumph Group (NYSE TGI) opened at 25.75 on Friday. Triumph Group has a one year low of $19.65 and a one year high of $34.80. The firm has a 50-day moving average price of $29.03 and a 200 day moving average price of $27.73. The stock’s market capitalization is $1.28 billion.

Triumph Group (NYSE:TGI) last released its earnings results on Wednesday, July 26th. The aerospace company reported $0.24 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.87 by $0.63. The business had revenue of $781.70 million during the quarter, compared to analysts’ expectations of $804.26 million. Triumph Group had a negative net margin of 1.89% and a positive return on equity of 28.96%. Triumph Group’s revenue for the quarter was down 12.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.04 EPS. On average, equities analysts expect that Triumph Group will post $1.71 EPS for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be issued 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 0.62%. Triumph Group’s dividend payout ratio is -12.12%.

Hedge funds have recently made changes to their positions in the company. Arizona State Retirement System raised its stake in shares of Triumph Group by 0.4% in the second quarter. Arizona State Retirement System now owns 25,900 shares of the aerospace company’s stock valued at $818,000 after buying an additional 100 shares in the last quarter. Wayne Hummer Investments L.L.C. raised its stake in shares of Triumph Group by 1.6% in the second quarter. Wayne Hummer Investments L.L.C. now owns 8,655 shares of the aerospace company’s stock valued at $273,000 after buying an additional 140 shares in the last quarter. Wright Investors Service Inc. raised its stake in shares of Triumph Group by 1.3% in the second quarter. Wright Investors Service Inc. now owns 19,150 shares of the aerospace company’s stock valued at $605,000 after buying an additional 255 shares in the last quarter. Texas Permanent School Fund raised its stake in shares of Triumph Group by 0.9% in the second quarter. Texas Permanent School Fund now owns 36,198 shares of the aerospace company’s stock valued at $1,144,000 after buying an additional 307 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of Triumph Group by 1.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 32,371 shares of the aerospace company’s stock valued at $834,000 after buying an additional 386 shares in the last quarter. Institutional investors and hedge funds own 99.75% of the company’s stock.

Triumph Group Company Profile

Analyst Recommendations for Triumph Group (NYSE:TGI)

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