Walthausen & Co. LLC acquired a new position in Triumph Group Inc (NYSE:TGI) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 693,630 shares of the aerospace company’s stock, valued at approximately $20,635,000. Triumph Group accounts for about 1.9% of Walthausen & Co. LLC’s portfolio, making the stock its 5th largest position. Walthausen & Co. LLC owned 1.40% of Triumph Group as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. LSV Asset Management raised its position in Triumph Group by 1.2% in the second quarter. LSV Asset Management now owns 2,493,262 shares of the aerospace company’s stock worth $78,787,000 after acquiring an additional 29,500 shares during the period. Heartland Advisors Inc. raised its position in Triumph Group by 16.7% in the third quarter. Heartland Advisors Inc. now owns 350,000 shares of the aerospace company’s stock worth $10,413,000 after acquiring an additional 50,000 shares during the period. Rock Point Advisors LLC bought a new stake in Triumph Group in the second quarter worth about $5,369,000. Northern Trust Corp raised its position in Triumph Group by 1.3% in the second quarter. Northern Trust Corp now owns 624,690 shares of the aerospace company’s stock worth $19,741,000 after acquiring an additional 8,236 shares during the period. Finally, Stifel Financial Corp raised its position in Triumph Group by 8.1% in the second quarter. Stifel Financial Corp now owns 754,727 shares of the aerospace company’s stock worth $23,800,000 after acquiring an additional 56,649 shares during the period. 99.77% of the stock is currently owned by institutional investors and hedge funds.

TGI has been the topic of several research reports. Canaccord Genuity reaffirmed a “hold” rating and issued a $36.00 price objective (up previously from $30.00) on shares of Triumph Group in a research report on Thursday, November 9th. Cowen reiterated a “hold” rating and issued a $30.00 target price on shares of Triumph Group in a research note on Thursday, November 9th. Royal Bank of Canada reiterated a “buy” rating and issued a $33.00 target price on shares of Triumph Group in a research note on Friday, September 1st. Robert W. Baird reiterated a “buy” rating and issued a $34.00 target price on shares of Triumph Group in a research note on Friday, September 8th. Finally, Bank of America reiterated an “underperform” rating and issued a $27.00 target price (down previously from $30.00) on shares of Triumph Group in a research note on Saturday, August 26th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $33.11.

In related news, Director Joseph Silvestri sold 34,162 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $30.31, for a total transaction of $1,035,450.22. Following the completion of the transaction, the director now owns 109,078 shares of the company’s stock, valued at $3,306,154.18. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Daniel J. Crowley sold 78,900 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $31.35, for a total transaction of $2,473,515.00. The disclosure for this sale can be found here. 2.80% of the stock is currently owned by insiders.

Triumph Group Inc (NYSE:TGI) traded down $0.20 on Tuesday, hitting $26.50. 598,600 shares of the stock traded hands, compared to its average volume of 777,608. The stock has a market capitalization of $1,325.57, a P/E ratio of 5.49, a price-to-earnings-growth ratio of 0.65 and a beta of 1.76. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.87 and a quick ratio of 0.42. Triumph Group Inc has a 52-week low of $19.65 and a 52-week high of $34.80.

Triumph Group (NYSE:TGI) last posted its earnings results on Wednesday, November 8th. The aerospace company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.20. The firm had revenue of $745.16 million during the quarter, compared to the consensus estimate of $787.90 million. Triumph Group had a negative net margin of 3.18% and a positive return on equity of 27.18%. The company’s revenue was down 14.8% on a year-over-year basis. During the same quarter last year, the company earned $1.00 earnings per share. research analysts expect that Triumph Group Inc will post 2.48 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.16 annualized dividend and a yield of 0.60%. Triumph Group’s dividend payout ratio is currently -7.51%.

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Triumph Group Company Profile

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

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