Raymond James Trust N.A. purchased a new position in shares of Triumph Group, Inc. (NYSE:TGI) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,100 shares of the aerospace company’s stock, valued at approximately $224,000.

Other large investors have also modified their holdings of the company. Riverhead Capital Management LLC increased its stake in Triumph Group by 56.8% during the second quarter. Riverhead Capital Management LLC now owns 3,763 shares of the aerospace company’s stock worth $119,000 after purchasing an additional 1,363 shares during the period. Thompson Siegel & Walmsley LLC purchased a new stake in Triumph Group during the second quarter worth about $149,000. Bank of Montreal Can increased its stake in Triumph Group by 8.0% during the first quarter. Bank of Montreal Can now owns 5,252 shares of the aerospace company’s stock worth $135,000 after purchasing an additional 391 shares during the period. Sei Investments Co. increased its stake in Triumph Group by 51.6% during the second quarter. Sei Investments Co. now owns 5,279 shares of the aerospace company’s stock worth $167,000 after purchasing an additional 1,796 shares during the period. Finally, Acadian Asset Management LLC purchased a new stake in Triumph Group during the second quarter worth about $171,000. Institutional investors own 99.75% of the company’s stock.

TGI has been the subject of a number of analyst reports. Jefferies Group LLC downgraded Triumph Group from a “buy” rating to a “hold” rating and set a $37.00 price objective for the company. in a research report on Monday, July 24th. Canaccord Genuity reissued a “hold” rating and set a $34.00 price objective on shares of Triumph Group in a research report on Thursday, July 20th. ValuEngine downgraded Triumph Group from a “buy” rating to a “hold” rating in a research report on Friday, May 26th. Standpoint Research downgraded Triumph Group from a “buy” rating to a “reduce” rating in a research report on Thursday, May 25th. They noted that the move was a valuation call. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $37.00 price objective (up from $35.00) on shares of Triumph Group in a research report on Thursday, May 25th. 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 issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $30.33.

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Shares of Triumph Group, Inc. (NYSE TGI) opened at 28.05 on Thursday. The firm has a 50-day moving average price of $26.72 and a 200-day moving average price of $27.67. The stock’s market cap is $1.39 billion. Triumph Group, Inc. has a 52 week low of $19.65 and a 52 week high of $34.80.

Triumph Group (NYSE:TGI) last issued its earnings results on Wednesday, July 26th. The aerospace company reported $0.24 EPS for the quarter, missing the 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 firm had revenue of $781.70 million during the quarter, compared to analyst estimates of $804.26 million. During the same quarter in the previous year, the business posted $1.04 EPS. Triumph Group’s revenue was down 12.5% compared to the same quarter last year. On average, analysts forecast that Triumph Group, Inc. will post $1.75 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.16 dividend on an annualized basis 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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