S&T Bank PA Sells 2,907 Shares of Triumph Group, Inc. (TGI)
S&T Bank PA lowered its stake in shares of Triumph Group, Inc. (NYSE:TGI) by 0.7% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 412,575 shares of the aerospace company’s stock after selling 2,907 shares during the period. Triumph Group makes up 2.4% of S&T Bank PA’s investment portfolio, making the stock its 8th biggest holding. S&T Bank PA owned about 0.83% of Triumph Group worth $13,037,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Riverhead Capital Management LLC lifted its stake in shares of Triumph Group by 56.8% in the second quarter. Riverhead Capital Management LLC now owns 3,763 shares of the aerospace company’s stock valued at $119,000 after buying an additional 1,363 shares during the period. Bank of Montreal Can grew its position in Triumph Group by 8.0% during the first quarter. Bank of Montreal Can now owns 5,252 shares of the aerospace company’s stock worth $135,000 after buying an additional 391 shares in the last quarter. Thompson Siegel & Walmsley LLC acquired a new stake in Triumph Group during the second quarter worth about $149,000. FNY Managed Accounts LLC acquired a new stake in Triumph Group during the first quarter worth about $154,000. Finally, Sei Investments Co. grew its position in Triumph Group by 51.6% during the second quarter. Sei Investments Co. now owns 5,279 shares of the aerospace company’s stock worth $167,000 after buying an additional 1,796 shares in the last quarter. 99.75% of the stock is owned by institutional investors and hedge funds.
Triumph Group, Inc. (TGI) traded up 0.16% on Wednesday, reaching $31.25. The company’s stock had a trading volume of 124,856 shares. The company’s market cap is $1.55 billion. The company has a 50-day moving average price of $27.25 and a 200 day moving average price of $27.98. Triumph Group, Inc. has a 12 month low of $19.65 and a 12 month high of $34.80.
Triumph Group (NYSE:TGI) last issued 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). The company had revenue of $781.70 million for the quarter, compared to analyst estimates of $804.26 million. Triumph Group had a positive return on equity of 28.96% and a negative net margin of 1.89%. The company’s quarterly revenue was down 12.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.04 EPS. On average, equities research analysts anticipate that Triumph Group, Inc. will post $1.73 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were issued a $0.04 dividend. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.16 annualized dividend and a yield of 0.51%. Triumph Group’s dividend payout ratio is presently -12.12%.
Several research firms have commented on TGI. ValuEngine raised Triumph Group from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Credit Suisse Group decreased their price objective on Triumph Group from $40.00 to $37.00 and set an “outperform” rating on the stock in a report on Monday, August 21st. BidaskClub lowered Triumph Group from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Royal Bank Of Canada restated a “buy” rating and set a $33.00 price objective on shares of Triumph Group in a research report on Friday, July 28th. Finally, TheStreet upgraded Triumph Group from a “d+” rating to a “c-” rating in a research report on Wednesday, July 26th. Five research analysts have rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $29.75.
Triumph Group Profile
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