Triumph Group, Inc. (TGI) Shares Sold by Teachers Advisors LLC

Teachers Advisors LLC decreased its stake in shares of Triumph Group, Inc. (NYSE:TGI) by 7.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,644,218 shares of the aerospace company’s stock after selling 138,361 shares during the period. Teachers Advisors LLC owned approximately 3.31% of Triumph Group worth $51,957,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Thrivent Financial For Lutherans increased its stake in Triumph Group by 230.1% during the 1st quarter. Thrivent Financial For Lutherans now owns 28,090 shares of the aerospace company’s stock valued at $723,000 after buying an additional 19,580 shares during the period. Netols Asset Management Inc. acquired a new position in Triumph Group during the 1st quarter valued at about $2,964,000. Smith Graham & Co. Investment Advisors LP increased its stake in Triumph Group by 17.2% during the 2nd quarter. Smith Graham & Co. Investment Advisors LP now owns 355,241 shares of the aerospace company’s stock valued at $11,226,000 after buying an additional 52,260 shares during the period. State of Tennessee Treasury Department acquired a new position in Triumph Group during the 1st quarter valued at about $1,206,000. Finally, Comerica Bank increased its stake in Triumph Group by 49.6% during the 1st quarter. Comerica Bank now owns 55,680 shares of the aerospace company’s stock valued at $1,470,000 after buying an additional 18,469 shares during the period. 99.75% of the stock is currently owned by hedge funds and other institutional investors.

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TGI has been the topic of several research analyst reports. BidaskClub raised shares of Triumph Group from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 5th. Bank of America Corporation reissued an “underperform” rating and set a $27.00 target price (down previously from $30.00) on shares of Triumph Group in a research note on Saturday, August 26th. Royal Bank Of Canada reissued a “buy” rating and set a $33.00 target price on shares of Triumph Group in a research note on Friday, September 1st. Robert W. Baird reissued a “buy” rating and set a $34.00 target price on shares of Triumph Group in a research note on Friday, September 8th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $37.00 target price (up previously from $29.00) on shares of Triumph Group in a research note on Tuesday, May 30th. Five analysts have rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $30.33.

Triumph Group, Inc. (NYSE TGI) opened at 27.90 on Friday. The stock’s 50 day moving average is $26.59 and its 200 day moving average is $27.65. Triumph Group, Inc. has a 52-week low of $19.65 and a 52-week high of $34.80. The company’s market cap is $1.38 billion.

Triumph Group (NYSE:TGI) last announced its quarterly earnings data on Wednesday, July 26th. The aerospace company reported $0.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.87 by ($0.63). The firm had revenue of $781.70 million for the quarter, compared to the consensus estimate of $804.26 million. Triumph Group had a positive return on equity of 28.96% and a negative net margin of 1.89%. The business’s revenue for the quarter was down 12.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.04 earnings per share. Equities research analysts forecast that Triumph Group, Inc. will post $1.75 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were issued a dividend of $0.04 per share. The ex-dividend date was Wednesday, August 30th. This represents a $0.16 annualized dividend and a yield of 0.57%. Triumph Group’s dividend payout ratio is currently -12.12%.

Triumph Group Company Profile

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

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