American Century Companies Inc. Has $6.35 Million Position in Triumph Group, Inc. (TGI)
American Century Companies Inc. grew its position in Triumph Group, Inc. (NYSE:TGI) by 10.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 213,424 shares of the aerospace company’s stock after purchasing an additional 20,973 shares during the period. American Century Companies Inc. owned about 0.43% of Triumph Group worth $6,349,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Triumph Group by 20.1% during the first quarter. Vanguard Group Inc. now owns 5,258,989 shares of the aerospace company’s stock worth $135,419,000 after acquiring an additional 880,074 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Triumph Group by 43.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,573,763 shares of the aerospace company’s stock valued at $81,330,000 after acquiring an additional 774,964 shares during the period. LSV Asset Management grew its position in shares of Triumph Group by 1.2% in the 2nd quarter. LSV Asset Management now owns 2,493,262 shares of the aerospace company’s stock valued at $78,787,000 after acquiring an additional 29,500 shares during the period. State of New Jersey Common Pension Fund D grew its position in shares of Triumph Group by 6.1% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 870,000 shares of the aerospace company’s stock valued at $25,883,000 after acquiring an additional 50,000 shares during the period. Finally, Stifel Financial Corp grew its position in shares of Triumph Group by 8.1% in the 2nd quarter. Stifel Financial Corp now owns 754,727 shares of the aerospace company’s stock valued at $23,800,000 after acquiring an additional 56,649 shares during the period. Institutional investors own 99.75% of the company’s stock.
In other Triumph Group news, Director Joseph Silvestri sold 34,162 shares of Triumph Group 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 transaction, the director now directly owns 109,078 shares of the company’s stock, valued at $3,306,154.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.80% of the company’s stock.
Several analysts recently commented on the stock. Canaccord Genuity reaffirmed a “hold” rating and set a $36.00 target price (up previously from $30.00) on shares of Triumph Group in a report on Thursday, November 9th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $33.00 target price on shares of Triumph Group in a report on Friday, September 1st. Robert W. Baird restated a “buy” rating and issued a $34.00 target price on shares of Triumph Group in a research report on Friday, September 8th. Bank of America Corporation restated an “underperform” rating and issued a $27.00 target price (down from $30.00) on shares of Triumph Group in a research report on Saturday, August 26th. Finally, ValuEngine upgraded shares of Triumph Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Three analysts have rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Triumph Group has an average rating of “Hold” and a consensus price target of $33.11.
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Triumph Group, Inc. (NYSE:TGI) opened at $30.20 on Wednesday. Triumph Group, Inc. has a 1 year low of $19.65 and a 1 year high of $34.80. The firm has a market cap of $1,494.38, a PE ratio of 6.19, a price-to-earnings-growth ratio of 0.74 and a beta of 1.76. The company has a current ratio of 1.87, a quick ratio of 0.42 and a debt-to-equity ratio of 1.65.
Triumph Group (NYSE:TGI) last announced its quarterly earnings results on Wednesday, November 8th. The aerospace company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.20. The firm had revenue of $745.16 million for 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 for the quarter was down 14.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.00 earnings per share. sell-side analysts expect that Triumph Group, Inc. will post 2.48 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend is Thursday, November 30th. Triumph Group’s dividend payout ratio (DPR) is presently -7.51%.
Triumph Group Profile
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