BNP Paribas Arbitrage SA Increases Stake in Triumph Group Inc (TGI)
BNP Paribas Arbitrage SA lifted its position in Triumph Group Inc (NYSE:TGI) by 82.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 28,891 shares of the aerospace company’s stock after acquiring an additional 13,044 shares during the period. BNP Paribas Arbitrage SA owned 0.06% of Triumph Group worth $860,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised 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 worth $81,330,000 after acquiring an additional 774,964 shares in the last quarter. LSV Asset Management raised 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 worth $78,787,000 after acquiring an additional 29,500 shares in the last quarter. State of New Jersey Common Pension Fund D raised 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 worth $25,883,000 after acquiring an additional 50,000 shares in the last quarter. Stifel Financial Corp raised 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 worth $23,800,000 after acquiring an additional 56,649 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of Triumph Group by 1.3% in the 2nd 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 in the last quarter. 99.75% of the stock is owned by hedge funds and other institutional investors.
Triumph Group Inc (NYSE TGI) traded down $1.40 during trading on Friday, hitting $29.50. The company had a trading volume of 555,623 shares, compared to its average volume of 456,495. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.87 and a quick ratio of 0.42. The stock has a market cap of $1,464.59, a P/E ratio of 6.07, a P/E/G ratio of 0.72 and a beta of 1.76. 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 quarterly 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 company had revenue of $745.16 million for the quarter, compared to the consensus estimate of $787.90 million. Triumph Group had a positive return on equity of 27.18% and a negative net margin of 3.18%. The firm’s quarterly revenue was down 14.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.00 EPS. research analysts predict that Triumph Group Inc will post 2.48 earnings per share for the current fiscal year.
The firm also recently announced 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. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.16 annualized dividend and a yield of 0.54%. Triumph Group’s dividend payout ratio is -7.51%.
In other Triumph Group news, CEO Daniel J. Crowley sold 78,900 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $31.35, for a total transaction of $2,473,515.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Joseph Silvestri sold 34,162 shares of the stock in a transaction on Friday, November 17th. The shares were sold at an average price of $30.31, for a total value of $1,035,450.22. Following the sale, the director now owns 109,078 shares in the company, valued at $3,306,154.18. The disclosure for this sale can be found here. Company insiders own 2.80% of the company’s stock.
Several research firms recently weighed in on TGI. Royal Bank Of Canada set a $39.00 price target on Triumph Group and gave the stock a “buy” rating in a research note on Wednesday, November 15th. Canaccord Genuity restated a “hold” rating and issued a $36.00 price target (up previously from $30.00) on shares of Triumph Group in a research note on Thursday, November 9th. Cowen restated a “hold” rating and issued a $30.00 price target on shares of Triumph Group in a research note on Thursday, November 9th. SunTrust Banks upped their price target on Triumph Group to $34.00 and gave the stock a “hold” rating in a research note on Thursday, November 9th. Finally, Robert W. Baird restated a “buy” rating and issued a $34.00 price target on shares of Triumph Group in a research note on Thursday, October 12th. Three research analysts have rated the stock with a sell rating, five have given a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Triumph Group has a consensus rating of “Hold” and an average target price of $33.11.
TRADEMARK VIOLATION WARNING: This story was reported by Watch List News and is owned by of Watch List News. If you are viewing this story on another website, it was illegally stolen and republished in violation of United States & international trademark and copyright law. The legal version of this story can be accessed at https://www.watchlistnews.com/bnp-paribas-arbitrage-sa-increases-stake-in-triumph-group-inc-tgi/1741382.html.
Triumph Group Profile
Want to see what other hedge funds are holding TGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Triumph Group Inc (NYSE:TGI).
Receive News & Ratings for Triumph Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Triumph Group Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.