D.A. Davidson & CO. Sells 1,174 Shares of Triumph Group, Inc. (TGI)
D.A. Davidson & CO. reduced its holdings in Triumph Group, Inc. (NYSE:TGI) by 11.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,979 shares of the aerospace company’s stock after selling 1,174 shares during the period. D.A. Davidson & CO.’s holdings in Triumph Group were worth $283,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. Pinebridge Investments L.P. grew its stake in Triumph Group by 931.5% during the 2nd quarter. Pinebridge Investments L.P. now owns 66,699 shares of the aerospace company’s stock valued at $2,108,000 after acquiring an additional 60,233 shares in the last quarter. UBS Asset Management Americas Inc. raised its holdings in Triumph Group by 3.0% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 42,588 shares of the aerospace company’s stock valued at $1,346,000 after acquiring an additional 1,226 shares during the last quarter. Quantitative Investment Management LLC purchased a new position in Triumph Group in the 2nd quarter worth approximately $1,463,000. Thrivent Financial For Lutherans lifted its stake in Triumph Group by 6.4% in the 2nd quarter. Thrivent Financial For Lutherans now owns 29,880 shares of the aerospace company’s stock worth $944,000 after purchasing an additional 1,790 shares in the last quarter. Finally, Amalgamated Bank purchased a new position in Triumph Group in the 2nd quarter worth approximately $210,000. 99.75% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages recently commented on TGI. BidaskClub upgraded Triumph Group from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 5th. Royal Bank Of Canada restated a “buy” rating and issued a $33.00 target price on shares of Triumph Group in a report on Friday, September 1st. 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 report on Saturday, August 26th. Robert W. Baird reaffirmed a “buy” rating and issued a $34.00 target price on shares of Triumph Group in a research note on Friday, September 8th. Finally, ValuEngine raised Triumph Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Five analysts have rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Triumph Group presently has a consensus rating of “Hold” and a consensus price target of $29.75.
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Shares of Triumph Group, Inc. (TGI) opened at 31.20 on Tuesday. The firm’s market capitalization is $1.55 billion. Triumph Group, Inc. has a 12 month low of $19.65 and a 12 month high of $34.80. The firm’s 50 day moving average is $27.18 and its 200-day moving average is $27.93.
Triumph Group (NYSE:TGI) last posted its quarterly 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 negative net margin of 1.89% and a positive return on equity of 28.96%. The firm had revenue of $781.70 million for the quarter, compared to analysts’ expectations of $804.26 million. During the same period last year, the firm posted $1.04 EPS. Triumph Group’s revenue was down 12.5% on a year-over-year basis. On average, analysts expect that Triumph Group, Inc. will post $1.73 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were issued a $0.04 dividend. The ex-dividend date was Wednesday, August 30th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.51%. Triumph Group’s dividend payout ratio (DPR) is -12.12%.
Triumph Group Profile
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