Triumph Group, Inc. (TGI) Receives Consensus Rating of “Hold” from Brokerages
Shares of Triumph Group, Inc. (NYSE:TGI) have received an average rating of “Hold” from the fifteen ratings firms that are covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $29.90.
TGI has been the topic of a number of research analyst reports. Standpoint Research cut shares of Triumph Group from a “buy” rating to a “reduce” rating in a research report on Thursday, May 25th. They noted that the move was a valuation call. Cowen and Company reaffirmed a “market perform” rating and set a $24.00 price target (down previously from $32.00) on shares of Triumph Group in a research report on Thursday, July 27th. Zacks Investment Research cut shares of Triumph Group from a “hold” rating to a “sell” rating in a research report on Wednesday, May 10th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $35.00 price target on shares of Triumph Group in a research report on Tuesday, April 18th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $37.00 price target (up previously from $29.00) on shares of Triumph Group in a research report on Tuesday, May 30th.
Several large investors have recently bought and sold shares of the company. BlackRock Inc. raised its stake in 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 in the last quarter. Vanguard Group Inc. raised its stake in 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 in the last quarter. Dimensional Fund Advisors LP raised its stake in Triumph Group by 43.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,573,763 shares of the aerospace company’s stock worth $81,330,000 after buying an additional 774,964 shares in the last quarter. Norges Bank acquired a new stake in Triumph Group during the fourth quarter worth $13,720,000. Finally, Formula Growth Ltd. acquired a new stake in Triumph Group during the first quarter worth $12,180,000. Institutional investors own 99.86% of the company’s stock.
Shares of Triumph Group (TGI) traded up 0.54% during mid-day trading on Friday, reaching $27.95. The company had a trading volume of 660,109 shares. Triumph Group has a one year low of $19.65 and a one year high of $34.80. The stock has a 50 day moving average of $30.31 and a 200-day moving average of $27.77. The firm’s market capitalization is $1.39 billion.
Triumph Group (NYSE:TGI) last issued its quarterly earnings results on Wednesday, July 26th. The aerospace company reported $0.24 EPS for the quarter, missing the Zacks’ consensus estimate of $0.87 by $0.63. The firm had revenue of $781.70 million for the quarter, compared to the consensus estimate of $804.26 million. Triumph Group had a negative net margin of 1.89% and a positive return on equity of 28.96%. The business’s revenue was down 12.5% compared to the same quarter last year. During the same period last year, the company posted $1.04 EPS. Equities analysts predict that Triumph Group will post $1.83 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be issued a dividend of $0.04 per share. The ex-dividend date is Wednesday, August 30th. This represents a $0.16 annualized dividend and a dividend yield of 0.57%. Triumph Group’s dividend payout ratio is currently -12.12%.
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About Triumph Group
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