California Public Employees Retirement System Reduces Stake in Triumph Group Inc (TGI)
California Public Employees Retirement System decreased its stake in shares of Triumph Group Inc (NYSE:TGI) by 3.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 168,671 shares of the aerospace company’s stock after selling 6,374 shares during the quarter. California Public Employees Retirement System’s holdings in Triumph Group were worth $4,588,000 as of its most recent filing with the SEC.
Several other large investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its holdings in shares of Triumph Group by 11.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,874,646 shares of the aerospace company’s stock worth $85,522,000 after purchasing an additional 300,883 shares during the period. Stifel Financial Corp increased its holdings in shares of Triumph Group by 11.7% during the 3rd quarter. Stifel Financial Corp now owns 842,877 shares of the aerospace company’s stock worth $25,084,000 after purchasing an additional 88,150 shares during the period. Maple Rock Capital Partners Inc. increased its holdings in shares of Triumph Group by 3.2% during the 3rd quarter. Maple Rock Capital Partners Inc. now owns 800,000 shares of the aerospace company’s stock worth $23,800,000 after purchasing an additional 25,000 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Triumph Group by 19.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 753,712 shares of the aerospace company’s stock worth $22,424,000 after purchasing an additional 120,911 shares during the period. Finally, Walthausen & Co. LLC bought a new position in shares of Triumph Group during the 3rd quarter worth about $20,635,000.
Several research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Triumph Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 10th. TheStreet downgraded shares of Triumph Group from a “c-” rating to a “d+” rating in a report on Wednesday, December 27th. Finally, Royal Bank of Canada set a $39.00 price objective on shares of Triumph Group and gave the stock a “buy” rating in a report on Wednesday, November 15th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $32.80.
Shares of Triumph Group Inc (NYSE:TGI) opened at $28.25 on Wednesday. The firm has a market cap of $1,430.00, a PE ratio of -5.17, a P/E/G ratio of 0.95 and a beta of 1.69. Triumph Group Inc has a 52 week low of $19.65 and a 52 week high of $34.80. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.84 and a quick ratio of 0.42.
Triumph Group (NYSE:TGI) last posted its earnings results on Thursday, February 1st. The aerospace company reported $0.76 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.11. The business had revenue of $775.25 million for the quarter, compared to analysts’ expectations of $769.08 million. Triumph Group had a negative net margin of 7.68% and a positive return on equity of 27.59%. The firm’s revenue for the quarter was down 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.01 earnings per share. equities analysts expect that Triumph Group Inc will post 2.55 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be given a $0.04 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $0.16 dividend on an annualized basis and a yield of 0.57%. Triumph Group’s dividend payout ratio (DPR) is presently -2.93%.
About Triumph Group
Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls and distributes a portfolio of aircraft components, accessories, subassemblies and systems. The Company offers a range of products and services to the aerospace industry through three segments: Triumph Aerostructures Group, whose companies are engaged in the design, manufacture, assembly and integration of metallic and composite aerostructures and structural components for the aerospace original equipment manufacturer (OEM) market; Triumph Aerospace Systems Group, whose companies design, engineer and manufacture a range of build-to-print components, assemblies and systems also for the OEM market, and Triumph Aftermarket Services Group, whose companies serve aircraft fleets, such as commercial airlines, the United States military and cargo carriers, through the maintenance, repair and overhaul (MRO) of aircraft components and accessories manufactured by third parties.
Want to see what other hedge funds are holding TGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Triumph Group Inc (NYSE:TGI).
Receive News & Ratings for Triumph Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Triumph Group and related companies with MarketBeat.com's FREE daily email newsletter.