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.

TRADEMARK VIOLATION WARNING: This story was first reported by Watch List News and is owned by of Watch List News. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of US & international trademark & copyright laws. The legal version of this story can be viewed at https://www.watchlistnews.com/robert-w-baird-reaffirms-buy-rating-for-triumph-group-inc-tgi/1632277.html.

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

Analyst Recommendations for Triumph Group (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.