Russell Investments Group Ltd. cut its position in shares of Triumph Group, Inc. (NYSE:TGI) by 3.0% during the first quarter, according to its most recent filing with the SEC. The firm owned 287,041 shares of the aerospace company’s stock after selling 8,943 shares during the period. Russell Investments Group Ltd. owned approximately 0.58% of Triumph Group worth $7,391,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of the stock. Bank of Montreal Can boosted its stake in shares of Triumph Group by 8.0% in the first quarter. Bank of Montreal Can now owns 5,252 shares of the aerospace company’s stock worth $135,000 after buying an additional 391 shares during the last quarter. State of Alaska Department of Revenue purchased a new stake in shares of Triumph Group during the first quarter worth about $140,000. Glassman Wealth Services purchased a new stake in shares of Triumph Group during the fourth quarter worth about $182,000. Wayne Hummer Investments L.L.C. purchased a new stake in shares of Triumph Group during the third quarter worth about $201,000. Finally, Thrivent Financial for Lutherans boosted its stake in shares of Triumph Group by 9.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 8,510 shares of the aerospace company’s stock worth $226,000 after buying an additional 750 shares during the last quarter. 99.75% of the stock is currently owned by institutional investors.
Triumph Group, Inc. (TGI) traded down 2.15% during midday trading on Friday, hitting $31.85. 1,640,248 shares of the stock traded hands. Triumph Group, Inc. has a 52 week low of $19.65 and a 52 week high of $40.09. The stock’s 50-day moving average price is $28.20 and its 200 day moving average price is $26.90. The company’s market capitalization is $1.58 billion.
Triumph Group (NYSE:TGI) last posted its earnings results on Wednesday, May 24th. The aerospace company reported $3.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $1.69. Triumph Group had a positive return on equity of 32.58% and a negative net margin of 1.22%. The company had revenue of $919.90 million for the quarter, compared to analyst estimates of $923.93 million. During the same quarter in the previous year, the firm earned $1.32 earnings per share. The firm’s quarterly revenue was down 13.0% compared to the same quarter last year. On average, equities research analysts predict that Triumph Group, Inc. will post $3.66 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st were paid a $0.04 dividend. The ex-dividend date of this dividend was Tuesday, May 30th. This represents a $0.16 annualized dividend and a yield of 0.50%. Triumph Group’s dividend payout ratio (DPR) is presently -18.18%.
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TGI has been the topic of a number of research reports. Canaccord Genuity reiterated a “hold” rating and issued a $30.00 price target on shares of Triumph Group in a research note on Thursday, April 20th. Royal Bank Of Canada restated a “buy” rating and set a $35.00 target price on shares of Triumph Group in a research report on Tuesday, April 18th. Zacks Investment Research raised shares of Triumph Group from a “sell” rating to a “hold” rating in a report on Wednesday, April 12th. Robert W. Baird raised shares of Triumph Group from an “underperform” rating to an “outperform” rating and increased their price objective for the company from $25.00 to $30.00 in a research note on Tuesday, May 16th. Finally, Vertical Research raised shares of Triumph Group from a “sell” rating to a “hold” rating and increased their price objective for the company from $24.00 to $31.00 in a research note on Wednesday, May 24th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $32.50.
Triumph Group Company Profile
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