Triumph Group Inc (TGI) Given Consensus Recommendation of “Hold” by Brokerages

Triumph Group Inc (NYSE:TGI) has received a consensus recommendation of “Hold” from the thirteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $33.11.

Several equities analysts have recently commented on TGI shares. Jefferies Group restated a “hold” rating and issued a $30.00 target price on shares of Triumph Group in a research report on Friday, September 29th. Robert W. Baird restated a “buy” rating and issued a $34.00 target price on shares of Triumph Group in a research report on Thursday, October 12th. SunTrust Banks restated a “hold” rating and issued a $28.00 target price on shares of Triumph Group in a research report on Thursday, October 12th. Royal Bank of Canada restated an “outperform” rating and issued a $41.00 target price (up from $38.00) on shares of Triumph Group in a research report on Thursday, November 9th. Finally, Cowen restated a “hold” rating and issued a $30.00 target price on shares of Triumph Group in a research report on Thursday, November 9th.

In related news, Director Joseph Silvestri sold 34,162 shares of Triumph Group stock in a transaction that occurred 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 sale, the director now directly owns 109,078 shares of the company’s stock, valued at approximately $3,306,154.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Daniel J. Crowley sold 78,900 shares of Triumph Group stock in a transaction that occurred on Thursday, November 30th. The shares were 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. Insiders own 2.80% of the company’s stock.

Several institutional investors have recently made changes to their positions in TGI. Sei Investments Co. grew its holdings in shares of Triumph Group by 51.6% during the 2nd quarter. Sei Investments Co. now owns 5,279 shares of the aerospace company’s stock valued at $167,000 after purchasing an additional 1,796 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Triumph Group by 118.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 570,890 shares of the aerospace company’s stock valued at $18,041,000 after purchasing an additional 309,588 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Triumph Group by 69.0% during the 2nd quarter. SG Americas Securities LLC now owns 7,468 shares of the aerospace company’s stock valued at $236,000 after purchasing an additional 3,048 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Triumph Group by 5.0% during the 2nd quarter. Legal & General Group Plc now owns 139,048 shares of the aerospace company’s stock valued at $4,394,000 after purchasing an additional 6,683 shares during the last quarter. Finally, BNP Paribas Arbitrage SA grew its holdings in shares of Triumph Group by 47.3% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 15,847 shares of the aerospace company’s stock valued at $501,000 after purchasing an additional 5,090 shares during the last quarter. 99.77% of the stock is currently owned by institutional investors.

Shares of Triumph Group (TGI) traded up $0.30 during trading on Tuesday, reaching $27.75. 578,100 shares of the company’s stock traded hands, compared to its average volume of 449,700. Triumph Group has a twelve month low of $19.65 and a twelve month high of $34.80. The company has a quick ratio of 0.42, a current ratio of 1.87 and a debt-to-equity ratio of 1.65. The firm has a market cap of $1,380.00, a PE ratio of -13.03, a price-to-earnings-growth ratio of 0.66 and a beta of 1.76.

Triumph Group (NYSE:TGI) last issued its quarterly earnings data 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. Triumph Group had a negative net margin of 3.18% and a positive return on equity of 27.18%. The business had revenue of $745.16 million during the quarter, compared to analysts’ expectations of $787.90 million. During the same quarter in the previous year, the company earned $1.00 EPS. The business’s revenue was down 14.8% on a year-over-year basis. equities analysts forecast that Triumph Group will post 2.51 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend was Thursday, November 30th. Triumph Group’s dividend payout ratio (DPR) is presently -7.51%.

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About Triumph Group

Analyst Recommendations for Triumph Group (NYSE:TGI)

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