Robert W. Baird Reaffirms “Buy” Rating for Triumph Group, Inc. (TGI)
Robert W. Baird reissued their buy rating on shares of Triumph Group, Inc. (NYSE:TGI) in a report released on Thursday morning. They currently have a $34.00 target price on the aerospace company’s stock.
Several other research analysts have also issued reports on the stock. Jefferies Group LLC restated a hold rating and set a $30.00 price target on shares of Triumph Group in a report on Friday, September 29th. Royal Bank Of Canada restated a buy rating and set a $33.00 price target on shares of Triumph Group in a report on Friday, September 1st. ValuEngine upgraded shares of Triumph Group from a buy rating to a strong-buy rating in a report on Friday, September 1st. Bank of America Corporation restated an underperform rating and set a $27.00 price target (down previously from $30.00) on shares of Triumph Group in a report on Saturday, August 26th. Finally, BidaskClub lowered shares of Triumph Group from a hold rating to a sell rating in a report on Tuesday, August 22nd. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $30.00.
Triumph Group (TGI) opened at 31.65 on Thursday. The firm’s market cap is $1.57 billion. The company’s 50-day moving average is $28.73 and its 200-day moving average is $28.39. Triumph Group has a one year low of $19.65 and a one year high of $34.80.
Triumph Group (NYSE:TGI) last released its quarterly earnings results on Wednesday, July 26th. The aerospace company reported $0.24 earnings per share (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 for the quarter, compared to the consensus estimate of $804.26 million. During the same quarter in the previous year, the business posted $1.04 EPS. The firm’s revenue for the quarter was down 12.5% compared to the same quarter last year. On average, analysts forecast that Triumph Group will post $1.76 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were paid a $0.04 dividend. The ex-dividend date was Wednesday, August 30th. This represents a $0.16 annualized dividend and a dividend yield of 0.51%. Triumph Group’s dividend payout ratio is currently -12.12%.
Several large investors have recently added to or reduced their stakes in the company. Riverhead Capital Management LLC grew its position in Triumph Group by 56.8% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,763 shares of the aerospace company’s stock valued at $119,000 after purchasing an additional 1,363 shares during the period. Thompson Siegel & Walmsley LLC acquired a new stake in Triumph Group in the 2nd quarter valued at $149,000. Sei Investments Co. grew its position in Triumph Group by 51.6% in the 2nd quarter. Sei Investments Co. now owns 5,279 shares of the aerospace company’s stock valued at $167,000 after purchasing an additional 1,796 shares during the period. Acadian Asset Management LLC acquired a new stake in Triumph Group in the 2nd quarter valued at $171,000. Finally, FNY Managed Accounts LLC acquired a new stake in Triumph Group in the 1st quarter valued at $154,000. Institutional investors own 99.75% of the company’s stock.
About Triumph Group
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