Systematic Financial Management LP Acquires New Position in Triumph Group, Inc. (TGI)

Systematic Financial Management LP purchased a new position in Triumph Group, Inc. (NYSE:TGI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 57,980 shares of the aerospace company’s stock, valued at approximately $1,832,000. Systematic Financial Management LP owned about 0.12% of Triumph Group at the end of the most recent quarter.

A number of other large investors have also modified their holdings of TGI. Bank of Montreal Can boosted its stake in Triumph Group by 8.0% in the 1st 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. Capstone Asset Management Co. acquired a new stake in Triumph Group in the 1st quarter worth about $278,000. Louisiana State Employees Retirement System boosted its stake in Triumph Group by 64.2% in the 1st quarter. Louisiana State Employees Retirement System now owns 20,200 shares of the aerospace company’s stock worth $520,000 after buying an additional 7,900 shares during the last quarter. Wells Fargo & Company MN boosted its stake in Triumph Group by 91.7% in the 1st quarter. Wells Fargo & Company MN now owns 133,293 shares of the aerospace company’s stock worth $3,432,000 after buying an additional 63,777 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its stake in Triumph Group by 9.2% in the 1st quarter. Canada Pension Plan Investment Board now owns 47,400 shares of the aerospace company’s stock worth $1,221,000 after buying an additional 4,000 shares during the last quarter. 99.75% of the stock is currently owned by hedge funds and other institutional investors.

Triumph Group, Inc. (TGI) opened at 27.35 on Friday. The firm’s market capitalization is $1.36 billion. Triumph Group, Inc. has a 1-year low of $19.65 and a 1-year high of $34.80. The stock has a 50 day moving average price of $26.51 and a 200 day moving average price of $27.65.

Triumph Group (NYSE:TGI) last issued its earnings results on Wednesday, July 26th. The aerospace company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $781.70 million during the quarter, compared to analysts’ expectations of $804.26 million. During the same quarter last year, the firm earned $1.04 EPS. The business’s revenue for the quarter was down 12.5% compared to the same quarter last year. Analysts predict that Triumph Group, Inc. will post $1.75 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be paid a $0.04 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $0.16 dividend on an annualized basis and a yield of 0.59%. Triumph Group’s dividend payout ratio (DPR) is currently -12.12%.

A number of analysts have issued reports on the company. BidaskClub raised Triumph Group from a “sell” rating to a “hold” rating in a research note on Monday, August 14th. ValuEngine lowered Triumph Group from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Jefferies Group LLC lowered Triumph Group from a “buy” rating to a “hold” rating and set a $37.00 price target on the stock. in a research note on Monday, July 24th. Robert W. Baird reissued a “buy” rating and issued a $34.00 price target on shares of Triumph Group in a research note on Friday, September 8th. Finally, Canaccord Genuity reissued a “hold” rating and issued a $34.00 price target on shares of Triumph Group in a research note on Thursday, July 20th. 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 has an average rating of “Hold” and an average target price of $30.33.

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About Triumph Group

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

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