BNP Paribas Arbitrage SA boosted its holdings in shares of Triumph Group, Inc. (NYSE:TGI) by 47.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,847 shares of the aerospace company’s stock after acquiring an additional 5,090 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Triumph Group were worth $501,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Bank of Montreal Can increased its stake in Triumph Group by 8.0% during the first quarter. Bank of Montreal Can now owns 5,252 shares of the aerospace company’s stock worth $135,000 after acquiring an additional 391 shares during the last quarter. FNY Managed Accounts LLC acquired a new stake in Triumph Group during the first quarter worth $154,000. Sei Investments Co. increased its stake in Triumph Group by 51.6% during the second quarter. Sei Investments Co. now owns 5,279 shares of the aerospace company’s stock worth $167,000 after acquiring an additional 1,796 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in Triumph Group during the second quarter worth $171,000. Finally, KCG Holdings Inc. acquired a new stake in Triumph Group during the first quarter worth $201,000. 99.75% of the stock is owned by institutional investors.
Shares of Triumph Group, Inc. (NYSE TGI) opened at 27.35 on Friday. The stock has a 50 day moving average price of $26.51 and a 200-day moving average price of $27.65. The firm’s market capitalization is $1.36 billion. Triumph Group, Inc. has a 52 week low of $19.65 and a 52 week high of $34.80.
Triumph Group (NYSE:TGI) last issued its earnings results on Wednesday, July 26th. The aerospace company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.63). The firm had revenue of $781.70 million during the quarter, compared to analysts’ expectations of $804.26 million. Triumph Group had a positive return on equity of 28.96% and a negative net margin of 1.89%. The company’s quarterly revenue was down 12.5% compared to the same quarter last year. During the same period last year, the business posted $1.04 earnings per share. Equities analysts anticipate that Triumph Group, Inc. will post $1.75 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be given a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend is Wednesday, August 30th. Triumph Group’s dividend payout ratio (DPR) is currently -12.12%.
Several equities research analysts have issued reports on the company. Robert W. Baird reissued 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 reissued a “buy” rating and set a $33.00 target price on shares of Triumph Group in a research note on Friday, September 1st. ValuEngine raised Triumph Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Bank of America Corporation reissued an “underperform” rating and set a $27.00 target price (down previously from $30.00) on shares of Triumph Group in a research note on Saturday, August 26th. Finally, BidaskClub cut Triumph Group from a “hold” rating to a “sell” rating in a research note on Tuesday, August 22nd. Five investment analysts have rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Triumph Group presently has an average rating of “Hold” and a consensus price target of $30.33.
Triumph Group Profile
Want to see what other hedge funds are holding TGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Triumph Group, Inc. (NYSE:TGI).
Receive News & Ratings for Triumph Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Triumph Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.