Triumph Group, Inc. (TGI) Stake Boosted by Swiss National Bank
Swiss National Bank grew its holdings in Triumph Group, Inc. (NYSE:TGI) by 6.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 82,600 shares of the aerospace company’s stock after purchasing an additional 5,000 shares during the period. Swiss National Bank owned approximately 0.17% of Triumph Group worth $2,610,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Pacad Investment Ltd. acquired a new position in shares of Triumph Group during the 2nd quarter worth $284,000. American Century Companies Inc. bought a new stake in shares of Triumph Group during the 2nd quarter worth $6,081,000. Wayne Hummer Investments L.L.C. lifted its position in shares of Triumph Group by 1.6% during the 2nd quarter. Wayne Hummer Investments L.L.C. now owns 8,655 shares of the aerospace company’s stock worth $273,000 after buying an additional 140 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in shares of Triumph Group by 47.3% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 15,847 shares of the aerospace company’s stock worth $501,000 after buying an additional 5,090 shares during the last quarter. Finally, Legal & General Group Plc lifted its position in shares of Triumph Group by 5.0% during the 2nd quarter. Legal & General Group Plc now owns 139,048 shares of the aerospace company’s stock worth $4,394,000 after buying an additional 6,683 shares during the last quarter. Institutional investors own 99.75% of the company’s stock.
Triumph Group, Inc. (TGI) opened at 29.75 on Monday. The firm’s market capitalization is $1.48 billion. Triumph Group, Inc. has a 12 month low of $19.65 and a 12 month high of $34.80. The firm has a 50-day moving average of $26.72 and a 200 day moving average of $27.67.
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 Thomson Reuters’ consensus estimate of $0.87 by ($0.63). Triumph Group had a positive return on equity of 28.96% and a negative net margin of 1.89%. The firm had revenue of $781.70 million for the quarter, compared to the consensus estimate of $804.26 million. During the same period last year, the firm earned $1.04 EPS. The company’s revenue for the quarter was down 12.5% on a year-over-year basis. Equities research analysts forecast that Triumph Group, Inc. will post $1.73 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were issued a dividend of $0.04 per share. The ex-dividend date was Wednesday, August 30th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.54%. Triumph Group’s dividend payout ratio is -12.12%.
A number of research analysts have issued reports on TGI shares. ValuEngine upgraded Triumph Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Credit Suisse Group lowered their target price on Triumph Group from $40.00 to $37.00 and set an “outperform” rating for the company in a research note on Monday, August 21st. BidaskClub cut shares of Triumph Group from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Royal Bank Of Canada reissued a “buy” rating and issued a $33.00 target price on shares of Triumph Group in a report on Friday, July 28th. Finally, TheStreet raised shares of Triumph Group from a “d+” rating to a “c-” rating in a report on Wednesday, July 26th. Five investment analysts have rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $29.75.
Triumph Group Profile
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