Legal & General Group Plc boosted its holdings in shares of Triumph Group Inc (NYSE:TGI) by 2.8% in the third quarter, according to its most recent filing with the SEC. The firm owned 142,919 shares of the aerospace company’s stock after acquiring an additional 3,871 shares during the period. Legal & General Group Plc owned 0.29% of Triumph Group worth $4,255,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. TD Asset Management Inc. grew its holdings in Triumph Group by 10.1% during the 3rd quarter. TD Asset Management Inc. now owns 22,900 shares of the aerospace company’s stock worth $681,000 after acquiring an additional 2,100 shares during the period. Teachers Retirement System of The State of Kentucky grew its holdings in Triumph Group by 33.1% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 17,290 shares of the aerospace company’s stock worth $514,000 after acquiring an additional 4,300 shares during the period. American International Group Inc. grew its holdings in Triumph Group by 5.7% during the 3rd quarter. American International Group Inc. now owns 38,773 shares of the aerospace company’s stock worth $1,153,000 after acquiring an additional 2,102 shares during the period. Adirondack Research & Management Inc. grew its holdings in Triumph Group by 16.1% during the 3rd quarter. Adirondack Research & Management Inc. now owns 127,263 shares of the aerospace company’s stock worth $3,786,000 after acquiring an additional 17,617 shares during the period. Finally, Ameriprise Financial Inc. grew its holdings in Triumph Group by 4.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 344,384 shares of the aerospace company’s stock worth $10,245,000 after acquiring an additional 13,758 shares during the period. 99.77% of the stock is owned by hedge funds and other institutional investors.

TGI has been the subject of a number of analyst reports. Royal Bank of Canada set a $39.00 target price on shares of Triumph Group and gave the stock a “buy” rating in a report on Wednesday, November 15th. Robert W. Baird reissued a “buy” rating and set a $34.00 price target on shares of Triumph Group in a research report on Friday, September 8th. SunTrust Banks lifted their price target on shares of Triumph Group to $34.00 and gave the stock a “hold” rating in a research report on Thursday, November 9th. Jefferies Group reissued a “hold” rating and set a $30.00 price target on shares of Triumph Group in a research report on Friday, September 29th. Finally, Canaccord Genuity reissued a “hold” rating and set a $36.00 price target (up from $30.00) on shares of Triumph Group in a research report on Thursday, November 9th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $33.11.

In related news, CEO Daniel J. Crowley sold 78,900 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $31.35, for a total value of $2,473,515.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Joseph Silvestri sold 34,162 shares of the business’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $30.31, for a total transaction of $1,035,450.22. Following the completion of the sale, the director now directly owns 109,078 shares in the company, valued at $3,306,154.18. The disclosure for this sale can be found here. Insiders own 2.80% of the company’s stock.

Triumph Group Inc (NYSE:TGI) opened at $27.10 on Thursday. The firm has a market cap of $1,372.74, a price-to-earnings ratio of 5.69, a PEG ratio of 0.68 and a beta of 1.76. Triumph Group Inc has a 52-week low of $19.65 and a 52-week high of $34.80. The company has a current ratio of 1.87, a quick ratio of 0.42 and a debt-to-equity ratio of 1.65.

Triumph Group (NYSE:TGI) last announced its quarterly earnings results on Wednesday, November 8th. The aerospace company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.20. The company had revenue of $745.16 million for the quarter, compared to analysts’ expectations of $787.90 million. Triumph Group had a negative net margin of 3.18% and a positive return on equity of 27.18%. The business’s quarterly revenue was down 14.8% compared to the same quarter last year. During the same period last year, the firm posted $1.00 earnings per share. research analysts anticipate that Triumph Group Inc will post 2.48 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were given a $0.04 dividend. The ex-dividend date was Thursday, November 30th. This represents a $0.16 annualized dividend and a yield of 0.59%. Triumph Group’s dividend payout ratio is currently -7.51%.

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Triumph Group Profile

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

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