Triumph Group, Inc. (TGI) Earns Buy Rating from Royal Bank Of Canada
Royal Bank Of Canada restated their buy rating on shares of Triumph Group, Inc. (NYSE:TGI) in a research note published on Friday morning. They currently have a $33.00 price objective on the aerospace company’s stock.
Several other brokerages have also recently issued reports on TGI. Standpoint Research cut shares of Triumph Group from a buy rating to a reduce rating in a report on Thursday, May 25th. They noted that the move was a valuation call. Cowen and Company reiterated a market perform rating and set a $24.00 price target (down previously from $32.00) on shares of Triumph Group in a research note on Thursday, July 27th. Zacks Investment Research cut shares of Triumph Group from a hold rating to a sell rating in a research note on Wednesday, May 10th. Jefferies Group LLC reiterated a buy rating and set a $37.00 price target (up previously from $29.00) on shares of Triumph Group in a research note on Tuesday, May 30th. Finally, Canaccord Genuity increased their price target on shares of Triumph Group from $30.00 to $34.00 and gave the stock a hold rating in a research note on Thursday, May 25th. Five investment analysts have rated the stock with a sell rating, six have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of Hold and a consensus price target of $30.00.
Shares of Triumph Group (NYSE TGI) opened at 26.50 on Friday. Triumph Group has a 1-year low of $19.65 and a 1-year high of $34.80. The stock’s 50 day moving average is $28.15 and its 200 day moving average is $27.67. The firm’s market capitalization is $1.32 billion.
Triumph Group (NYSE:TGI) last issued its earnings results on Wednesday, July 26th. The aerospace company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by $0.63. Triumph Group had a negative net margin of 1.89% and a positive return on equity of 28.96%. The company had revenue of $781.70 million during the quarter, compared to analyst estimates of $804.26 million. During the same quarter in the previous year, the company posted $1.04 EPS. The company’s quarterly revenue was down 12.5% on a year-over-year basis. Equities analysts predict that Triumph Group will post $1.71 earnings per share for the current year.
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The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be issued a dividend of $0.04 per share. The ex-dividend date is Wednesday, August 30th. This represents a $0.16 annualized dividend and a yield of 0.60%. Triumph Group’s dividend payout ratio (DPR) is currently -12.12%.
Large investors have recently bought and sold shares of the business. Riverhead Capital Management LLC increased its holdings in Triumph Group by 56.8% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,763 shares of the aerospace company’s stock valued at $119,000 after acquiring an additional 1,363 shares in the last quarter. Bank of Montreal Can increased its holdings in Triumph Group by 8.0% during the 1st quarter. Bank of Montreal Can now owns 5,252 shares of the aerospace company’s stock valued at $135,000 after acquiring an additional 391 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in Triumph Group during the 1st quarter valued at about $140,000. Thompson Siegel & Walmsley LLC purchased a new position in Triumph Group during the 2nd quarter valued at about $149,000. Finally, FNY Managed Accounts LLC purchased a new position in Triumph Group during the 1st quarter valued at about $154,000. Hedge funds and other institutional investors own 99.75% of the company’s stock.
About Triumph Group
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