Triumph Group (NYSE:TGI) Shares Up 5.7%
Shares of Triumph Group Inc (NYSE:TGI) were up 5.7% during mid-day trading on Wednesday . The stock traded as high as $24.62 and last traded at $24.52, approximately 661,383 shares were traded during trading. An increase of 8% from the average daily volume of 609,706 shares. The stock had previously closed at $23.19.
A number of equities analysts have recently issued reports on the company. Barclays cut Triumph Group from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $23.00 to $20.00 in a report on Friday, August 23rd. ValuEngine lowered Triumph Group from a “hold” rating to a “sell” rating in a research report on Thursday, August 15th. Finally, Zacks Investment Research raised Triumph Group from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a report on Monday, July 8th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $23.61.
The stock has a market capitalization of $1.13 billion, a P/E ratio of 9.85, a price-to-earnings-growth ratio of 1.84 and a beta of 2.77. The stock’s fifty day moving average price is $22.30 and its two-hundred day moving average price is $21.80.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.65%. The ex-dividend date is Thursday, August 29th. Triumph Group’s dividend payout ratio is presently 6.43%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. WealthTrust Axiom LLC grew its stake in shares of Triumph Group by 2.6% during the second quarter. WealthTrust Axiom LLC now owns 117,958 shares of the aerospace company’s stock valued at $2,701,000 after buying an additional 2,947 shares during the last quarter. Aperio Group LLC increased its stake in Triumph Group by 5.9% in the 2nd quarter. Aperio Group LLC now owns 37,370 shares of the aerospace company’s stock worth $856,000 after purchasing an additional 2,070 shares during the period. Comerica Bank lifted its position in Triumph Group by 3.6% in the first quarter. Comerica Bank now owns 49,931 shares of the aerospace company’s stock valued at $1,101,000 after purchasing an additional 1,743 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in Triumph Group in the first quarter valued at approximately $223,000. Finally, Menta Capital LLC purchased a new stake in shares of Triumph Group during the second quarter valued at approximately $398,000.
About Triumph Group (NYSE:TGI)
Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls, and distributes aerostructures, aircraft components, accessories, subassemblies, and systems worldwide. The company operates in three segments: Integrated Systems, Aerospace Structures, and Product Support. It offers aircraft and engine-mounted accessory drives, thermal control systems and components, cargo hooks, high lift actuations, cockpit control levers, hydraulic systems and components, landing gear actuation systems, control system valve bodies, landing gear components and assemblies, electronic engine controls, main engine gear box assemblies, exhaust nozzles and ducting, fuel pumps, geared transmissions and drive train components, secondary flight control systems, fuel metering units, and vibration absorbers.
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