Triumph Group Inc (TGI) Holdings Reduced by Alambic Investment Management L.P.
Alambic Investment Management L.P. decreased its position in shares of Triumph Group Inc (NYSE:TGI) by 82.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,985 shares of the aerospace company’s stock after selling 76,933 shares during the period. Alambic Investment Management L.P.’s holdings in Triumph Group were worth $313,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Raymond James & Associates raised its position in shares of Triumph Group by 77.1% during the second quarter. Raymond James & Associates now owns 152,650 shares of the aerospace company’s stock valued at $2,992,000 after buying an additional 66,433 shares during the last quarter. OppenheimerFunds Inc. raised its position in shares of Triumph Group by 22.3% during the second quarter. OppenheimerFunds Inc. now owns 87,376 shares of the aerospace company’s stock valued at $1,713,000 after buying an additional 15,911 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of Triumph Group during the second quarter valued at approximately $10,945,000. BlueMountain Capital Management LLC bought a new stake in shares of Triumph Group during the second quarter valued at approximately $274,000. Finally, Legal & General Group Plc raised its position in shares of Triumph Group by 3.0% during the second quarter. Legal & General Group Plc now owns 138,927 shares of the aerospace company’s stock valued at $2,690,000 after buying an additional 4,023 shares during the last quarter.
TGI stock opened at $21.85 on Thursday. Triumph Group Inc has a fifty-two week low of $17.75 and a fifty-two week high of $34.58. The company has a quick ratio of 0.81, a current ratio of 1.23 and a debt-to-equity ratio of -6.64. The firm has a market capitalization of $1.02 billion, a P/E ratio of 8.64, a price-to-earnings-growth ratio of 0.84 and a beta of 1.78.
The firm also recently announced a quarterly dividend, which will be paid on Saturday, September 15th. Investors of record on Friday, August 31st will be issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend is Thursday, August 30th. Triumph Group’s dividend payout ratio (DPR) is presently 6.32%.
Several equities research analysts have recently issued reports on TGI shares. Bank of America reduced their price objective on shares of Triumph Group from $29.00 to $24.00 and set an “underperform” rating on the stock in a research report on Wednesday, August 15th. Vertical Research upgraded shares of Triumph Group from a “hold” rating to a “buy” rating in a research report on Wednesday, May 16th. ValuEngine cut shares of Triumph Group from a “buy” rating to a “hold” rating in a research report on Saturday, May 26th. Canaccord Genuity reiterated a “hold” rating and set a $26.00 price objective on shares of Triumph Group in a research report on Wednesday, August 8th. Finally, UBS Group started coverage on shares of Triumph Group in a research report on Wednesday, August 15th. They set a “sell” rating and a $19.00 price objective on the stock. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $26.00.
About Triumph Group
Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls, and distributes aerostructures, aircraft components, accessories, subassemblies, and systems worldwide. The company operates in three segments: Integrated Systems, Aerospace Structures, and Product Support. It offers aircraft and engine-mounted accessory drives, thermal control systems and components, cargo hooks, high lift actuations, cockpit control levers, hydraulic systems and components, landing gear actuation systems, control system valve bodies, landing gear components and assemblies, electronic engine controls, main engine gear box assemblies, exhaust nozzles and ducting, fuel pumps, geared transmissions and drive train components, secondary flight control systems, fuel metering units, and vibration absorbers.
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