Royal Bank Of Canada restated their buy rating on shares of Triumph Group, Inc. (NYSE:TGI) in a research report report published on Friday. The firm currently has a $33.00 price target on the aerospace company’s stock.

A number of other research firms have also weighed in on TGI. Zacks Investment Research upgraded shares of Triumph Group from a sell rating to a hold rating in a research note on Wednesday, April 12th. Canaccord Genuity restated a hold rating and set a $30.00 target price on shares of Triumph Group in a research note on Thursday, April 20th. Jefferies Group LLC set a $29.00 target price on shares of Triumph Group and gave the stock a buy rating in a research note on Saturday, May 6th. Robert W. Baird upgraded shares of Triumph Group from an underperform rating to an outperform rating and upped their target price for the stock from $25.00 to $30.00 in a research note on Tuesday, May 16th. Finally, Vertical Research upgraded shares of Triumph Group from a sell rating to a hold rating and upped their target price for the stock from $24.00 to $31.00 in a research note on Wednesday, May 24th. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $29.64.

Triumph Group (TGI) opened at 25.60 on Friday. The firm’s 50-day moving average is $31.37 and its 200 day moving average is $27.69. Triumph Group has a one year low of $19.65 and a one year high of $34.80. The company’s market capitalization is $1.27 billion.

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 business had revenue of $781.70 million for the quarter, compared to analysts’ expectations of $804.26 million. Triumph Group had a positive return on equity of 28.96% and a negative net margin of 1.89%. The firm’s revenue for the quarter was down 12.5% on a year-over-year basis. During the same quarter last year, the company earned $1.04 earnings per share. On average, equities analysts expect that Triumph Group will post $2.31 EPS for the current fiscal year.

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The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date is Wednesday, August 30th. Triumph Group’s dividend payout ratio (DPR) is -12.12%.

Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. increased its position in shares of Triumph Group by 13,862.7% in the first quarter. BlackRock Inc. now owns 7,517,512 shares of the aerospace company’s stock worth $193,578,000 after buying an additional 7,463,672 shares during the period. Vanguard Group Inc. increased its position in shares of Triumph Group by 20.1% in the first quarter. Vanguard Group Inc. now owns 5,258,989 shares of the aerospace company’s stock worth $135,419,000 after buying an additional 880,074 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Triumph Group by 6.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,798,799 shares of the aerospace company’s stock worth $46,318,000 after buying an additional 109,471 shares during the period. Teachers Advisors LLC increased its position in shares of Triumph Group by 14.0% in the first quarter. Teachers Advisors LLC now owns 1,782,579 shares of the aerospace company’s stock worth $45,901,000 after buying an additional 219,033 shares during the period. Finally, State of New Jersey Common Pension Fund D increased its position in shares of Triumph Group by 2.3% in the first quarter. State of New Jersey Common Pension Fund D now owns 900,000 shares of the aerospace company’s stock worth $23,175,000 after buying an additional 20,000 shares during the period. 99.75% of the stock is owned by hedge funds and other institutional investors.

About Triumph Group

Analyst Recommendations for Triumph Group (NYSE:TGI)

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