SunTrust Banks Reiterates “Hold” Rating for Triumph Group (TGI)

SunTrust Banks reissued their hold rating on shares of Triumph Group (NYSE:TGI) in a research report released on Monday. The firm currently has a $27.00 price target on the aerospace company’s stock. SunTrust Banks also issued estimates for Triumph Group’s Q4 2018 earnings at $0.94 EPS, FY2018 earnings at $2.59 EPS and FY2019 earnings at $2.34 EPS.

Other research analysts also recently issued reports about the stock. Royal Bank of Canada set a $37.00 price target on shares of Triumph Group and gave the stock a buy rating in a research report on Wednesday, January 24th. TheStreet downgraded shares of Triumph Group from a c- rating to a d+ rating in a research report on Wednesday, December 27th. Barclays initiated coverage on shares of Triumph Group in a research report on Thursday, March 29th. They issued an equal weight rating and a $28.00 price target on the stock. Finally, Zacks Investment Research upgraded shares of Triumph Group from a sell rating to a hold rating and set a $32.00 price target on the stock in a research report on Saturday, January 20th. Four analysts have rated the stock with a sell rating, six have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $31.73.

TGI opened at $24.10 on Monday. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.42 and a current ratio of 1.84. Triumph Group has a 1-year low of $19.65 and a 1-year high of $34.80. The company has a market capitalization of $1,199.58, a price-to-earnings ratio of 3.69, a price-to-earnings-growth ratio of 0.79 and a beta of 1.69.

Triumph Group (NYSE:TGI) last released its quarterly earnings results on Thursday, February 1st. The aerospace company reported $0.76 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.11. Triumph Group had a negative net margin of 7.68% and a positive return on equity of 27.59%. The business had revenue of $775.25 million for the quarter, compared to the consensus estimate of $769.08 million. During the same period last year, the firm earned $1.01 earnings per share. The company’s quarterly revenue was down 8.2% on a year-over-year basis. equities analysts anticipate that Triumph Group will post 2.53 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Friday, June 1st will be paid a $0.04 dividend. The ex-dividend date of this dividend is Thursday, May 31st. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.66%. Triumph Group’s dividend payout ratio (DPR) is presently 2.45%.

In other news, Director Joseph Silvestri sold 3,670 shares of the stock in a transaction on Thursday, March 8th. The shares were sold at an average price of $27.95, for a total value of $102,576.50. Following the completion of the sale, the director now directly owns 105,408 shares of the company’s stock, valued at $2,946,153.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.80% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of Triumph Group by 4.6% in the fourth quarter. BlackRock Inc. now owns 8,099,178 shares of the aerospace company’s stock worth $220,298,000 after purchasing an additional 355,869 shares in the last quarter. Teachers Advisors LLC increased its stake in shares of Triumph Group by 25.8% in the fourth quarter. Teachers Advisors LLC now owns 2,067,926 shares of the aerospace company’s stock worth $56,248,000 after purchasing an additional 424,142 shares in the last quarter. Towle & Co. increased its stake in shares of Triumph Group by 2.2% in the fourth quarter. Towle & Co. now owns 1,201,846 shares of the aerospace company’s stock worth $32,690,000 after purchasing an additional 25,510 shares in the last quarter. Maple Rock Capital Partners Inc. increased its stake in shares of Triumph Group by 20.0% in the fourth quarter. Maple Rock Capital Partners Inc. now owns 960,000 shares of the aerospace company’s stock worth $26,112,000 after purchasing an additional 160,000 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Triumph Group by 9.4% in the fourth quarter. Bank of New York Mellon Corp now owns 824,879 shares of the aerospace company’s stock worth $22,435,000 after purchasing an additional 71,167 shares in the last quarter.

Triumph Group Company Profile

Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls, and distributes aero structures, aircraft components, accessories, subassemblies, and systems worldwide. The company operates through four segments: Integrated Systems, Aerospace Structures, Precision Components, and Product Support.

Analyst Recommendations for Triumph Group (NYSE:TGI)

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