Canada Pension Plan Investment Board decreased its position in shares of Triumph Group Inc (NYSE:TGI) by 62.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,400 shares of the aerospace company’s stock after selling 22,500 shares during the quarter. Canada Pension Plan Investment Board’s holdings in Triumph Group were worth $399,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently bought and sold shares of the company. NJ State Employees Deferred Compensation Plan bought a new position in Triumph Group in the third quarter worth approximately $803,000. Crossmark Global Holdings Inc. bought a new stake in shares of Triumph Group during the 3rd quarter valued at $305,000. Hanson & Doremus Investment Management bought a new stake in shares of Triumph Group during the 3rd quarter valued at $624,000. Peregrine Capital Management LLC raised its position in shares of Triumph Group by 2.1% during the 3rd quarter. Peregrine Capital Management LLC now owns 241,751 shares of the aerospace company’s stock valued at $7,192,000 after purchasing an additional 4,927 shares during the period. Finally, Heartland Advisors Inc. increased its holdings in Triumph Group by 16.7% in the 3rd quarter. Heartland Advisors Inc. now owns 350,000 shares of the aerospace company’s stock valued at $10,413,000 after acquiring an additional 50,000 shares during the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.
Triumph Group Inc (NYSE TGI) traded down $0.15 during midday trading on Thursday, hitting $26.65. 482,341 shares of the company traded hands, compared to its average volume of 779,234. The company has a market cap of $1,352.88, a price-to-earnings ratio of 5.61, a PEG ratio of 0.67 and a beta of 1.76. Triumph Group Inc has a 1 year low of $19.65 and a 1 year high of $34.80. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.42 and a current ratio of 1.87.
Triumph Group (NYSE:TGI) last released its earnings results on Wednesday, November 8th. The aerospace company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.20. The company had revenue of $745.16 million for the quarter, compared to the consensus estimate of $787.90 million. Triumph Group had a negative net margin of 3.18% and a positive return on equity of 27.18%. Triumph Group’s revenue was down 14.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.00 EPS. analysts anticipate that Triumph Group Inc will post 2.48 EPS for the current year.
The firm also recently disclosed 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. This represents a $0.16 annualized dividend and a dividend yield of 0.60%. The ex-dividend date of this dividend is Thursday, November 30th. Triumph Group’s dividend payout ratio (DPR) is currently -7.51%.
A number of analysts have issued reports on the stock. SunTrust Banks lifted their price target on shares of Triumph Group to $34.00 and gave the company a “hold” rating in a report on Thursday, November 9th. Royal Bank Of Canada reissued an “outperform” rating and issued a $41.00 price objective (up from $38.00) on shares of Triumph Group in a research note on Thursday, November 9th. Robert W. Baird reissued a “buy” rating and issued a $34.00 price objective on shares of Triumph Group in a research note on Thursday, October 12th. Cowen reaffirmed a “hold” rating and set a $30.00 price target on shares of Triumph Group in a research note on Thursday, November 9th. Finally, Canaccord Genuity reaffirmed a “hold” rating and set a $36.00 price target (up from $30.00) on shares of Triumph Group in a research note on Thursday, November 9th. Three analysts have rated the stock with a sell rating, five have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Triumph Group currently has an average rating of “Hold” and a consensus target price of $33.11.
In other Triumph Group news, Director Joseph Silvestri sold 34,162 shares of the company’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $30.31, for a total transaction of $1,035,450.22. Following the completion of the transaction, the director now directly owns 109,078 shares in the company, valued at $3,306,154.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Daniel J. Crowley sold 78,900 shares of the company’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $31.35, for a total transaction of $2,473,515.00. The disclosure for this sale can be found here. Corporate insiders own 2.80% of the company’s stock.
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Triumph Group Profile
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