Aperio Group LLC cut its holdings in shares of Triumph Group, Inc. (NYSE:TGI) by 25.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,423 shares of the aerospace company’s stock after selling 6,137 shares during the period. Aperio Group LLC’s holdings in Triumph Group were worth $548,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also bought and sold shares of TGI. Geode Capital Management LLC lifted its holdings in Triumph Group by 9.7% during the first quarter. Geode Capital Management LLC now owns 388,761 shares of the aerospace company’s stock worth $10,009,000 after acquiring an additional 34,329 shares in the last quarter. KCG Holdings Inc. bought a new position in Triumph Group during the first quarter worth about $201,000. Schwab Charles Investment Management Inc. lifted its holdings in Triumph Group by 8.3% during the first quarter. Schwab Charles Investment Management Inc. now owns 261,302 shares of the aerospace company’s stock worth $6,729,000 after acquiring an additional 20,003 shares in the last quarter. Teachers Retirement System of The State of Kentucky lifted its holdings in Triumph Group by 21.3% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 12,990 shares of the aerospace company’s stock worth $334,000 after acquiring an additional 2,284 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in Triumph Group by 78.8% during the second quarter. State of Alaska Department of Revenue now owns 9,783 shares of the aerospace company’s stock worth $309,000 after acquiring an additional 4,313 shares in the last quarter. Hedge funds and other institutional investors own 99.75% of the company’s stock.
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Shares of Triumph Group, Inc. (NYSE TGI) traded down $0.20 during trading on Friday, hitting $30.00. The stock had a trading volume of 265,600 shares, compared to its average volume of 790,395. The company has a market capitalization of $1,489.41, a price-to-earnings ratio of 6.17, a price-to-earnings-growth ratio of 0.73 and a beta of 1.76. Triumph Group, Inc. has a 12 month low of $19.65 and a 12 month high of $34.80. The company has a current ratio of 1.87, a quick ratio of 0.42 and a debt-to-equity ratio of 1.65.
Triumph Group (NYSE:TGI) last issued its quarterly earnings results on Wednesday, November 8th. The aerospace company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.20. The company had revenue of $745.16 million for the quarter, compared to analyst estimates of $787.90 million. Triumph Group had a positive return on equity of 27.18% and a negative net margin of 3.18%. The company’s quarterly revenue was down 14.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.00 earnings per share. analysts expect that Triumph Group, Inc. will post 2.48 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a $0.04 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.53%. Triumph Group’s dividend payout ratio (DPR) is -7.51%.
TGI has been the topic of several recent analyst reports. Robert W. Baird reiterated a “buy” rating and set a $34.00 target price on shares of Triumph Group in a report on Friday, September 8th. Royal Bank Of Canada reiterated a “buy” rating and set a $33.00 target price on shares of Triumph Group in a report on Friday, September 1st. Jefferies Group LLC reiterated a “hold” rating and set a $30.00 target price on shares of Triumph Group in a report on Friday, September 29th. ValuEngine lowered Triumph Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, BidaskClub upgraded Triumph Group from a “sell” rating to a “hold” rating in a report on Monday, August 14th. Three analysts have rated the stock with a sell rating, five have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Triumph Group currently has an average rating of “Hold” and an average price target of $33.11.
In other news, Director Joseph Silvestri sold 34,162 shares of the business’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $30.31, for a total value of $1,035,450.22. Following the sale, the director now directly owns 109,078 shares in the company, valued at $3,306,154.18. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 2.80% of the company’s stock.
About Triumph Group
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