Triumph Group, Inc. (TGI) Downgraded to Hold at Jefferies Group LLC
Jefferies Group LLC cut shares of Triumph Group, Inc. (NYSE:TGI) from a buy rating to a hold rating in a research report report published on Monday, MarketBeat reports. Jefferies Group LLC currently has $37.00 price target on the aerospace company’s stock.
Other analysts have also issued reports about the stock. Royal Bank Of Canada reissued a buy rating and issued a $35.00 price objective on shares of Triumph Group in a research report on Friday, May 19th. ValuEngine raised shares of Triumph Group from a hold rating to a buy rating in a research report on Friday, June 2nd. Canaccord Genuity increased their price objective on shares of Triumph Group from $30.00 to $34.00 and gave the stock a hold rating in a research report on Thursday, May 25th. Zacks Investment Research raised shares of Triumph Group from a sell rating to a hold rating in a research report on Wednesday, April 12th. Finally, Vertical Research raised shares of Triumph Group from a sell rating to a hold rating and increased their price objective for the stock from $24.00 to $31.00 in a research report on Wednesday, May 24th. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. Triumph Group presently has a consensus rating of Hold and an average target price of $31.85.
Shares of Triumph Group (NYSE TGI) opened at 24.95 on Monday. The company’s market capitalization is $1.24 billion. Triumph Group has a 1-year low of $19.65 and a 1-year high of $34.80. The company has a 50 day moving average price of $31.83 and a 200 day moving average price of $27.68.
Triumph Group (NYSE:TGI) last posted its quarterly earnings data on Wednesday, July 26th. The aerospace company reported $0.24 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.87 by $0.63. Triumph Group had a return on equity of 111.21% and a net margin of 20.42%. The firm had revenue of $781.70 million during the quarter, compared to analysts’ expectations of $804.26 million. During the same period last year, the company earned $1.04 earnings per share. The business’s revenue for the quarter was down 12.5% compared to the same quarter last year. Equities analysts predict that Triumph Group will post $2.31 EPS for the current fiscal year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.64%. Triumph Group’s dividend payout ratio is presently -12.12%.
Several institutional investors have recently added to or reduced their stakes in TGI. Bank of Montreal Can increased its position in Triumph Group by 8.0% in 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. Acadian Asset Management LLC acquired a new position in Triumph Group during the second quarter worth about $171,000. State of Alaska Department of Revenue acquired a new position in Triumph Group during the first quarter worth about $140,000. FNY Managed Accounts LLC acquired a new position in Triumph Group during the first quarter worth about $154,000. Finally, KCG Holdings Inc. acquired a new position in Triumph Group during the first quarter worth about $201,000. Hedge funds and other institutional investors own 99.75% of the company’s stock.
Triumph Group Company Profile
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