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%.

TRADEMARK VIOLATION NOTICE: “Triumph Group, Inc. (TGI) Stake Increased by Thrivent Financial For Lutherans” was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this report on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright legislation. The original version of this report can be accessed at https://www.thecerbatgem.com/2017/10/08/triumph-group-inc-tgi-stake-increased-by-thrivent-financial-for-lutherans.html.

About Triumph Group

Institutional Ownership by Quarter for Triumph Group (NYSE:TGI)

Receive News & Stock Ratings for Triumph Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Triumph Group Inc. and related stocks with our FREE daily email newsletter.