Standpoint Research downgraded shares of Triumph Group, Inc. (NYSE:TGI) from a buy rating to a reduce rating in a report issued on Thursday, May 25th, Marketbeat Ratings reports. The analysts noted that the move was a valuation call.
Several other analysts also recently weighed in on the company. Royal Bank of Canada restated an outperform rating and set a $37.00 target price (up from $35.00) on shares of Triumph Group in a research note on Thursday, May 25th. Vertical Research raised shares of Triumph Group from a sell rating to a hold rating and increased their price target for the stock from $24.00 to $31.00 in a research report on Wednesday, May 24th. Robert W. Baird raised shares of Triumph Group from an underperform rating to an outperform rating and increased their price target for the stock from $25.00 to $30.00 in a research report on Tuesday, May 16th. Zacks Investment Research cut shares of Triumph Group from a hold rating to a sell rating in a research report on Wednesday, May 10th. Finally, Jefferies Group LLC set a $29.00 price target on shares of Triumph Group and gave the stock a buy rating in a research report on Saturday, May 6th. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $32.50.
Triumph Group (TGI) traded down 2.15% on Thursday, reaching $31.85. The company had a trading volume of 1,640,248 shares. The stock’s market capitalization is $1.58 billion. The stock’s 50 day moving average is $28.20 and its 200-day moving average is $26.90. Triumph Group has a 1-year low of $19.65 and a 1-year high of $40.09.
Triumph Group (NYSE:TGI) last announced its earnings results on Wednesday, May 24th. The aerospace company reported $3.09 earnings per share for the quarter, beating the consensus estimate of $1.40 by $1.69. The company had revenue of $919.90 million during the quarter, compared to the consensus estimate of $923.93 million. Triumph Group had a positive return on equity of 32.58% and a negative net margin of 1.22%. The company’s revenue was down 13.0% on a year-over-year basis. During the same period last year, the firm earned $1.32 earnings per share. On average, equities analysts predict that Triumph Group will post $3.66 EPS for the current fiscal year.
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The firm also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st were issued a $0.04 dividend. The ex-dividend date of this dividend was Tuesday, May 30th. This represents a $0.16 dividend on an annualized basis and a yield of 0.50%. Triumph Group’s dividend payout ratio is currently -18.18%.
A number of institutional investors have recently modified their holdings of the company. Bank of Montreal Can boosted its position in shares of 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 in the last quarter. State of Alaska Department of Revenue acquired a new position in shares of Triumph Group during the first quarter worth about $140,000. FNY Managed Accounts LLC acquired a new position in shares of Triumph Group during the first quarter worth about $154,000. Glassman Wealth Services acquired a new position in shares of Triumph Group during the fourth quarter worth about $182,000. Finally, Wayne Hummer Investments L.L.C. acquired a new position in shares of Triumph Group during the third quarter worth about $201,000. 99.75% of the stock is currently owned by hedge funds and other institutional investors.
Triumph Group Company Profile
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