Russell Investments Group Ltd. raised its position in Triumph Group, Inc. (NYSE:TGI) by 23.1% during the second quarter, Holdings Channel reports. The fund owned 353,434 shares of the aerospace company’s stock after buying an additional 66,393 shares during the period. Russell Investments Group Ltd.’s holdings in Triumph Group were worth $11,168,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the company. Bank of Montreal Can raised its stake 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 during the last quarter. State of Alaska Department of Revenue acquired a new stake in Triumph Group during the first quarter worth approximately $140,000. FNY Managed Accounts LLC acquired a new stake in Triumph Group during the first quarter worth approximately $154,000. KCG Holdings Inc. acquired a new stake in Triumph Group during the first quarter worth approximately $201,000. Finally, Wayne Hummer Investments L.L.C. acquired a new stake in Triumph Group during the first quarter worth approximately $219,000. 99.84% of the stock is owned by institutional investors and hedge funds.

Triumph Group, Inc. (TGI) traded up 2.33% during trading on Monday, reaching $28.60. The company had a trading volume of 173,915 shares. The stock has a 50 day moving average price of $30.31 and a 200 day moving average price of $27.77. The firm’s market capitalization is $1.42 billion. Triumph Group, Inc. has a 52 week low of $19.65 and a 52 week high of $34.80.

Triumph Group (NYSE:TGI) last announced its quarterly earnings results on Wednesday, July 26th. The aerospace company reported $0.24 earnings per share for the quarter, missing the 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%. Triumph Group’s revenue for the quarter was down 12.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.04 earnings per share. Analysts predict that Triumph Group, Inc. will post $1.83 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend is Wednesday, August 30th. Triumph Group’s dividend payout ratio is currently -12.12%.

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A number of analysts have commented on the company. Jefferies Group LLC set a $29.00 target price on Triumph Group and gave the stock a “buy” rating in a report on Saturday, May 6th. ValuEngine lowered Triumph Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. BidaskClub lowered Triumph Group from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. TheStreet raised Triumph Group from a “d+” rating to a “c-” rating in a report on Wednesday, July 26th. Finally, Canaccord Genuity reaffirmed a “hold” rating and issued a $34.00 price objective on shares of Triumph Group in a report on Thursday, July 20th. Five research 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 company currently has an average rating of “Hold” and an average price target of $29.64.

Triumph Group Company Profile

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Institutional Ownership by Quarter for Triumph Group (NYSE:TGI)

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