10,900 Shares in Triumph Group, Inc. (NYSE:TGI) Acquired by Gargoyle Investment Advisor L.L.C.
Gargoyle Investment Advisor L.L.C. purchased a new position in shares of Triumph Group, Inc. (NYSE:TGI) during the second quarter, Holdings Channel reports. The institutional investor purchased 10,900 shares of the aerospace company’s stock, valued at approximately $344,000.
A number of other large investors have also modified their holdings of the stock. BlackRock Inc. increased its stake in shares of Triumph Group by 13,862.7% in the first quarter. BlackRock Inc. now owns 7,517,512 shares of the aerospace company’s stock worth $193,578,000 after buying an additional 7,463,672 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Triumph Group by 20.1% in the first quarter. Vanguard Group Inc. now owns 5,258,989 shares of the aerospace company’s stock worth $135,419,000 after buying an additional 880,074 shares during the last quarter. Norges Bank acquired a new stake in shares of Triumph Group during the fourth quarter worth $13,720,000. Formula Growth Ltd. acquired a new stake in shares of Triumph Group during the first quarter worth $12,180,000. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of Triumph Group by 118.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 570,890 shares of the aerospace company’s stock worth $18,041,000 after buying an additional 309,588 shares during the last quarter. 99.84% of the stock is owned by institutional investors.
Shares of Triumph Group, Inc. (NYSE:TGI) opened at 28.75 on Tuesday. Triumph Group, Inc. has a 1-year low of $19.65 and a 1-year high of $34.80. The firm’s 50-day moving average is $30.29 and its 200-day moving average is $27.83. The stock’s market capitalization is $1.43 billion.
Triumph Group (NYSE:TGI) last issued its earnings results on Wednesday, July 26th. The aerospace company reported $0.24 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.87 by $0.63. Triumph Group had a positive return on equity of 28.96% and a negative net margin of 1.89%. The company had revenue of $781.70 million for the quarter, compared to the consensus estimate of $804.26 million. During the same quarter last year, the business posted $1.04 EPS. Triumph Group’s quarterly revenue was down 12.5% on a year-over-year basis. On average, analysts predict that Triumph Group, Inc. will post $1.83 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.56%. The ex-dividend date is Wednesday, August 30th. Triumph Group’s dividend payout ratio (DPR) is presently -12.12%.
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TGI has been the subject of a number of research analyst reports. Canaccord Genuity reissued a “hold” rating and issued a $30.00 price target on shares of Triumph Group in a report on Thursday, April 20th. Royal Bank Of Canada reissued a “buy” rating and issued a $35.00 price target on shares of Triumph Group in a report on Tuesday, April 18th. Robert W. Baird raised shares of Triumph Group from an “underperform” rating to an “outperform” rating and upped their price target for the company from $25.00 to $30.00 in a report on Tuesday, May 16th. ValuEngine raised shares of Triumph Group from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, BidaskClub raised shares of Triumph Group from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 5th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $29.64.
About Triumph Group
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