Triumph Group Inc (NYSE:TGI)’s stock price shot up 5.7% during mid-day trading on Wednesday . The company traded as high as $24.62 and last traded at $24.52, 661,383 shares traded hands during trading. An increase of 8% from the average session volume of 609,706 shares. The stock had previously closed at $23.19.
A number of brokerages recently issued reports on TGI. ValuEngine downgraded Triumph Group from a “hold” rating to a “sell” rating in a research report on Thursday, August 15th. Barclays downgraded Triumph Group from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $23.00 to $20.00 in a research report on Friday, August 23rd. Finally, Zacks Investment Research raised Triumph Group from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research report on Monday, July 8th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $23.61.
The firm has a market cap of $1.16 billion, a price-to-earnings ratio of 10.17, a P/E/G ratio of 1.89 and a beta of 2.77. The stock has a 50-day moving average of $22.35 and a 200-day moving average of $21.81.
Triumph Group (NYSE:TGI) last issued its quarterly earnings results on Wednesday, July 31st. The aerospace company reported $0.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.01. The business had revenue of $730.20 million for the quarter, compared to the consensus estimate of $700.19 million. Triumph Group had a negative return on equity of 29.65% and a negative net margin of 6.96%. The firm’s quarterly revenue was down 12.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.34 earnings per share. On average, sell-side analysts anticipate that Triumph Group Inc will post 2.55 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date of this dividend is Thursday, August 29th. Triumph Group’s dividend payout ratio is currently 6.43%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. NumerixS Investment Technologies Inc bought a new stake in Triumph Group during the first quarter worth $86,000. Private Capital Group LLC lifted its stake in Triumph Group by 415.4% during the second quarter. Private Capital Group LLC now owns 6,443 shares of the aerospace company’s stock worth $126,000 after purchasing an additional 5,193 shares during the last quarter. Bank of Montreal Can lifted its stake in Triumph Group by 134.4% during the second quarter. Bank of Montreal Can now owns 7,968 shares of the aerospace company’s stock worth $183,000 after purchasing an additional 4,569 shares during the last quarter. Emerald Advisers LLC bought a new stake in Triumph Group during the second quarter worth $204,000. Finally, BNP Paribas Arbitrage SA lifted its stake in Triumph Group by 135.5% during the first quarter. BNP Paribas Arbitrage SA now owns 11,400 shares of the aerospace company’s stock worth $217,000 after purchasing an additional 6,560 shares during the last quarter.
Triumph Group Company Profile (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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