Legal & General Group Plc Raises Stake in Triumph Group, Inc. (TGI)
Legal & General Group Plc lifted its position in Triumph Group, Inc. (NYSE:TGI) by 5.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 139,048 shares of the aerospace company’s stock after acquiring an additional 6,683 shares during the quarter. Legal & General Group Plc owned 0.28% of Triumph Group worth $4,394,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Thrivent Financial For Lutherans grew its position in shares of Triumph Group by 230.1% in the 1st quarter. Thrivent Financial For Lutherans now owns 28,090 shares of the aerospace company’s stock worth $723,000 after acquiring an additional 19,580 shares in the last quarter. Netols Asset Management Inc. acquired a new position in shares of Triumph Group in the 1st quarter worth approximately $2,964,000. Smith Graham & Co. Investment Advisors LP grew its position in shares of Triumph Group by 17.2% in the 2nd quarter. Smith Graham & Co. Investment Advisors LP now owns 355,241 shares of the aerospace company’s stock worth $11,226,000 after acquiring an additional 52,260 shares in the last quarter. State of Tennessee Treasury Department acquired a new position in shares of Triumph Group in the 1st quarter worth approximately $1,206,000. Finally, Comerica Bank grew its position in shares of Triumph Group by 49.6% in the 1st quarter. Comerica Bank now owns 55,680 shares of the aerospace company’s stock worth $1,470,000 after acquiring an additional 18,469 shares in the last quarter. Institutional investors own 99.75% of the company’s stock.
Several brokerages have recently commented on TGI. BidaskClub upgraded Triumph Group from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. ValuEngine lowered Triumph Group from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Jefferies Group LLC lowered Triumph Group from a “buy” rating to a “hold” rating and set a $37.00 target price for the company. in a research report on Monday, July 24th. Robert W. Baird reissued a “buy” rating and issued a $34.00 price target on shares of Triumph Group in a report on Friday. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $33.00 price target on shares of Triumph Group in a report on Friday, September 1st. Five research 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 stock. The company has an average rating of “Hold” and a consensus price target of $30.33.
Shares of Triumph Group, Inc. (NYSE TGI) opened at 26.25 on Tuesday. Triumph Group, Inc. has a 52 week low of $19.65 and a 52 week high of $34.80. The firm’s 50-day moving average price is $26.88 and its 200 day moving average price is $27.66. The company’s market cap is $1.30 billion.
Triumph Group (NYSE:TGI) last released its quarterly earnings results on Wednesday, July 26th. The aerospace company reported $0.24 EPS for the quarter, missing the Zacks’ consensus estimate of $0.87 by $0.63. The business had revenue of $781.70 million for the quarter, compared to the consensus estimate of $804.26 million. Triumph Group had a positive return on equity of 28.96% and a negative net margin of 1.89%. The firm’s revenue was down 12.5% on a year-over-year basis. During the same quarter last year, the company earned $1.04 earnings per share. On average, equities analysts predict that Triumph Group, Inc. will post $1.70 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be given 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 0.61%. Triumph Group’s dividend payout ratio (DPR) is presently -12.12%.
Triumph Group Profile
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