Triumph Group Inc (NYSE:TGI) was down 6.2% during mid-day trading on Monday . The stock traded as low as $22.07 and last traded at $22.51. Approximately 1,077,790 shares were traded during trading, an increase of 30% from the average daily volume of 830,119 shares. The stock had previously closed at $23.99.

Several equities research analysts recently issued reports on TGI shares. UBS Group raised Triumph Group from a “sell” rating to a “neutral” rating and dropped their price objective for the company from $19.00 to $14.50 in a research note on Monday, December 17th. SunTrust Banks lifted their price objective on Triumph Group to $25.00 and gave the company a “hold” rating in a research note on Friday, February 8th. Bank of America raised Triumph Group from an “underperform” rating to a “buy” rating and lifted their price objective for the company from $20.00 to $35.00 in a research note on Monday, February 11th. Zacks Investment Research upgraded Triumph Group from a “sell” rating to a “hold” rating and set a $25.00 price target on the stock in a research report on Monday, February 11th. Finally, ValuEngine downgraded Triumph Group from a “buy” rating to a “hold” rating in a research report on Thursday, December 13th. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $24.96.

The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 8.71, a PEG ratio of 2.09 and a beta of 2.69.

Triumph Group (NYSE:TGI) last released its quarterly earnings results on Thursday, February 7th. The aerospace company reported $0.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.04. Triumph Group had a negative return on equity of 149.35% and a negative net margin of 12.41%. The business had revenue of $807.90 million for the quarter, compared to the consensus estimate of $829.37 million. During the same quarter last year, the business posted $0.76 earnings per share. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. As a group, analysts expect that Triumph Group Inc will post 1.72 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a dividend of $0.04 per share. The ex-dividend date was Thursday, February 28th. This represents a $0.16 dividend on an annualized basis and a yield of 0.73%. Triumph Group’s payout ratio is 6.32%.

In other Triumph Group news, Director Joseph Silvestri sold 22,000 shares of the firm’s stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $23.10, for a total transaction of $508,200.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have sold 66,853 shares of company stock worth $1,578,285 in the last 90 days. Company insiders own 1.50% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fox Run Management L.L.C. purchased a new stake in Triumph Group during the fourth quarter valued at about $213,000. FMR LLC increased its holdings in shares of Triumph Group by 16.4% in the third quarter. FMR LLC now owns 21,310 shares of the aerospace company’s stock worth $497,000 after buying an additional 3,000 shares during the period. Hsbc Holdings PLC purchased a new position in shares of Triumph Group in the third quarter worth about $380,000. Legal & General Group Plc increased its holdings in shares of Triumph Group by 7.8% in the third quarter. Legal & General Group Plc now owns 149,762 shares of the aerospace company’s stock worth $3,469,000 after buying an additional 10,835 shares during the period. Finally, MetLife Investment Advisors LLC increased its holdings in shares of Triumph Group by 52.9% in the third quarter. MetLife Investment Advisors LLC now owns 36,822 shares of the aerospace company’s stock worth $858,000 after buying an additional 12,740 shares during the period.

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Triumph Group Company Profile (NYSE:TGI)

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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