Triumph Group, Inc. (TGI) Stake Boosted by Virtu KCG Holdings LLC
Virtu KCG Holdings LLC lifted its position in Triumph Group, Inc. (NYSE:TGI) by 272.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,006 shares of the aerospace company’s stock after buying an additional 21,208 shares during the quarter. Virtu KCG Holdings LLC owned about 0.06% of Triumph Group worth $917,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently modified their holdings of the company. BlackRock Inc. boosted its holdings in shares of Triumph Group by 13,862.7% during the 1st 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 during the period. Vanguard Group Inc. raised its holdings in Triumph Group by 20.1% in the 1st quarter. Vanguard Group Inc. now owns 5,258,989 shares of the aerospace company’s stock worth $135,419,000 after acquiring an additional 880,074 shares during the period. LSV Asset Management raised its holdings in Triumph Group by 1.2% in the 2nd quarter. LSV Asset Management now owns 2,493,262 shares of the aerospace company’s stock worth $78,787,000 after acquiring an additional 29,500 shares during the period. Dimensional Fund Advisors LP lifted its position in Triumph Group by 6.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,798,799 shares of the aerospace company’s stock worth $46,318,000 after acquiring an additional 109,471 shares during the last quarter. Finally, Teachers Advisors LLC lifted its position in Triumph Group by 14.0% during the 1st quarter. Teachers Advisors LLC now owns 1,782,579 shares of the aerospace company’s stock worth $45,901,000 after acquiring an additional 219,033 shares during the last quarter. Institutional investors and hedge funds own 99.75% of the company’s stock.
Triumph Group, Inc. (TGI) opened at 31.20 on Tuesday. The stock has a 50 day moving average of $27.18 and a 200 day moving average of $27.93. Triumph Group, Inc. has a one year low of $19.65 and a one year high of $34.80. The firm’s market cap is $1.55 billion.
Triumph Group (NYSE:TGI) last released its earnings results 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 negative net margin of 1.89% and a positive return on equity of 28.96%. The company had revenue of $781.70 million during the quarter, compared to analysts’ expectations of $804.26 million. The firm’s revenue was down 12.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.04 earnings per share. Equities research analysts predict that Triumph Group, Inc. will post $1.73 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date was Wednesday, August 30th. Triumph Group’s dividend payout ratio is currently -12.12%.
Several brokerages have recently issued reports on TGI. Jefferies Group LLC reaffirmed a “hold” rating and issued a $30.00 price target on shares of Triumph Group in a research report on Friday. Robert W. Baird restated a “buy” rating and set a $34.00 target price on shares of Triumph Group in a research note on Friday, September 8th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $33.00 target price on shares of Triumph Group in a report on Friday, September 1st. ValuEngine raised Triumph Group from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Finally, Bank of America Corporation reaffirmed an “underperform” rating and issued a $27.00 price target (down from $30.00) on shares of Triumph Group in a research report on Saturday, August 26th. Five analysts have rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $29.75.
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About Triumph Group
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