Joseph Silvestri Sells 34,162 Shares of Triumph Group, Inc. (TGI) Stock
Triumph Group, Inc. (NYSE:TGI) Director Joseph Silvestri sold 34,162 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $30.31, for a total value of $1,035,450.22. Following the transaction, the director now directly owns 109,078 shares in the company, valued at approximately $3,306,154.18. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Triumph Group, Inc. (TGI) opened at $30.00 on Thursday. Triumph Group, Inc. has a fifty-two week low of $19.65 and a fifty-two week high of $34.80. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.87 and a quick ratio of 0.42. The stock has a market capitalization of $1,499.34, a PE ratio of 6.21, a price-to-earnings-growth ratio of 0.74 and a beta of 1.76.
Triumph Group (NYSE:TGI) last issued its earnings results on Wednesday, November 8th. The aerospace company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.20. Triumph Group had a positive return on equity of 27.18% and a negative net margin of 3.18%. The business had revenue of $745.16 million during the quarter, compared to analysts’ expectations of $787.90 million. During the same quarter in the prior year, the firm earned $1.00 EPS. The business’s revenue for the quarter was down 14.8% compared to the same quarter last year. equities analysts forecast that Triumph Group, Inc. will post 2.48 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a $0.04 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.16 dividend on an annualized basis and a yield of 0.53%. Triumph Group’s payout ratio is presently -7.51%.
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Institutional investors and hedge funds have recently modified their holdings of the business. LSV Asset Management increased its holdings in Triumph Group by 1.2% in the 2nd quarter. LSV Asset Management now owns 2,493,262 shares of the aerospace company’s stock worth $78,787,000 after purchasing an additional 29,500 shares in the last quarter. Heartland Advisors Inc. increased its holdings in Triumph Group by 16.7% in the 3rd quarter. Heartland Advisors Inc. now owns 350,000 shares of the aerospace company’s stock worth $10,413,000 after purchasing an additional 50,000 shares in the last quarter. Rock Point Advisors LLC acquired a new position in Triumph Group in the 2nd quarter worth about $5,369,000. Stifel Financial Corp increased its holdings in Triumph Group by 8.1% in the 2nd quarter. Stifel Financial Corp now owns 754,727 shares of the aerospace company’s stock worth $23,800,000 after purchasing an additional 56,649 shares in the last quarter. Finally, Gotham Asset Management LLC acquired a new position in Triumph Group in the 2nd quarter worth about $5,074,000. 99.75% of the stock is owned by institutional investors and hedge funds.
Several research firms have weighed in on TGI. Royal Bank Of Canada set a $39.00 price target on Triumph Group and gave the stock a “buy” rating in a research report on Wednesday, November 15th. Canaccord Genuity reaffirmed a “hold” rating and set a $36.00 price target (up previously from $30.00) on shares of Triumph Group in a research report on Thursday, November 9th. Cowen and Company reaffirmed a “hold” rating and set a $30.00 price target on shares of Triumph Group in a research report on Thursday, November 9th. SunTrust Banks, Inc. boosted their target price on Triumph Group to $34.00 and gave the stock a “hold” rating in a report on Thursday, November 9th. Finally, Robert W. Baird reissued a “buy” rating and set a $34.00 target price on shares of Triumph Group in a report on Thursday, October 12th. Three analysts have rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $33.11.
Triumph Group Company Profile
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