Triumph Group, Inc. (TGI) Stake Increased by Thrivent Financial For Lutherans
Thrivent Financial For Lutherans grew its holdings in Triumph Group, Inc. (NYSE:TGI) by 6.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,880 shares of the aerospace company’s stock after buying an additional 1,790 shares during the period. Thrivent Financial For Lutherans owned 0.06% of Triumph Group worth $944,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Amalgamated Bank acquired a new stake in shares of Triumph Group in the second quarter valued at approximately $210,000. Nationwide Fund Advisors lifted its position in shares of Triumph Group by 4.7% in the second quarter. Nationwide Fund Advisors now owns 75,371 shares of the aerospace company’s stock valued at $2,382,000 after buying an additional 3,371 shares during the last quarter. Rock Point Advisors LLC acquired a new stake in shares of Triumph Group in the second quarter valued at approximately $5,369,000. Raymond James Trust N.A. acquired a new stake in shares of Triumph Group in the second quarter valued at approximately $224,000. Finally, Paradigm Capital Management Inc. NY lifted its position in shares of Triumph Group by 6.7% in the second quarter. Paradigm Capital Management Inc. NY now owns 46,000 shares of the aerospace company’s stock valued at $1,453,000 after buying an additional 2,900 shares during the last quarter. 99.75% of the stock is owned by institutional investors.
Several analysts recently weighed in on the company. Jefferies Group LLC reissued a “hold” rating and set a $30.00 price target on shares of Triumph Group in a report on Friday, September 29th. Robert W. Baird reissued a “buy” rating and set a $34.00 price target on shares of Triumph Group in a report on Friday, September 8th. Royal Bank Of Canada reissued a “buy” rating and set a $33.00 price target on shares of Triumph Group in a report on Friday, September 1st. ValuEngine upgraded Triumph Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Finally, Bank of America Corporation restated an “underperform” rating and set a $27.00 price objective (down previously from $30.00) on shares of Triumph Group in a research note on Saturday, August 26th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Triumph Group currently has an average rating of “Hold” and an average price target of $30.00.
Triumph Group, Inc. (NYSE TGI) opened at 31.70 on Friday. The stock has a 50 day moving average price of $27.66 and a 200-day moving average price of $28.07. The firm’s market capitalization is $1.57 billion. Triumph Group, Inc. has a 52 week low of $19.65 and a 52 week high of $34.80.
Triumph Group (NYSE:TGI) last posted its earnings results on Wednesday, July 26th. The aerospace company reported $0.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.87 by ($0.63). The business had revenue of $781.70 million during 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 for the quarter was down 12.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.04 earnings per share. Analysts anticipate that Triumph Group, Inc. will post $1.73 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were issued a $0.04 dividend. The ex-dividend date was Wednesday, August 30th. This represents a $0.16 annualized dividend and a yield of 0.50%. Triumph Group’s dividend payout ratio (DPR) is presently -12.12%.
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About Triumph Group
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