GSA Capital Partners LLP decreased its position in Triumph Group Inc (NYSE:TGI) by 89.5% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 9,468 shares of the aerospace company’s stock after selling 80,995 shares during the period. GSA Capital Partners LLP’s holdings in Triumph Group were worth $239,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of TGI. Victory Capital Management Inc. purchased a new stake in shares of Triumph Group in the 1st quarter valued at approximately $17,351,000. Teachers Advisors LLC grew its stake in shares of Triumph Group by 25.8% in the 4th quarter. Teachers Advisors LLC now owns 2,067,926 shares of the aerospace company’s stock valued at $56,248,000 after buying an additional 424,142 shares during the period. BlackRock Inc. grew its stake in shares of Triumph Group by 4.6% in the 4th quarter. BlackRock Inc. now owns 8,099,178 shares of the aerospace company’s stock valued at $220,298,000 after buying an additional 355,869 shares during the period. Rockefeller Capital Management L.P. purchased a new stake in shares of Triumph Group in the 1st quarter valued at approximately $8,880,000. Finally, Towle & Co. grew its stake in shares of Triumph Group by 21.6% in the 1st quarter. Towle & Co. now owns 1,461,474 shares of the aerospace company’s stock valued at $36,829,000 after buying an additional 259,628 shares during the period.
Triumph Group opened at $19.60 on Friday, Marketbeat reports. The company has a debt-to-equity ratio of 3.16, a current ratio of 1.94 and a quick ratio of 0.50. The company has a market cap of $942.17 million, a P/E ratio of 7.75, a P/E/G ratio of 0.84 and a beta of 1.67. Triumph Group Inc has a fifty-two week low of $18.30 and a fifty-two week high of $34.58.
Triumph Group (NYSE:TGI) last posted its quarterly earnings data on Thursday, May 10th. The aerospace company reported $1.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.04. The firm had revenue of $896.90 million during the quarter, compared to analysts’ expectations of $826.92 million. Triumph Group had a negative net margin of 13.11% and a positive return on equity of 17.23%. The firm’s quarterly revenue was down 2.5% on a year-over-year basis. During the same quarter last year, the company posted $2.81 EPS. equities analysts forecast that Triumph Group Inc will post 1.89 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 15th. Shareholders of record on Friday, June 1st were given a $0.04 dividend. The ex-dividend date of this dividend was Thursday, May 31st. This represents a $0.16 annualized dividend and a yield of 0.82%. Triumph Group’s dividend payout ratio is presently 6.32%.
Several analysts have recently weighed in on TGI shares. Royal Bank of Canada dropped their price target on shares of Triumph Group to $29.00 and set an “outperform” rating for the company in a research note on Friday, May 11th. Zacks Investment Research cut shares of Triumph Group from a “hold” rating to a “sell” rating in a research report on Monday, April 23rd. SunTrust Banks reaffirmed a “hold” rating and set a $27.00 price objective on shares of Triumph Group in a research report on Monday, April 23rd. Barclays assumed coverage on shares of Triumph Group in a research report on Thursday, March 29th. They set an “equal weight” rating and a $28.00 price objective for the company. Finally, ValuEngine cut shares of Triumph Group from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $30.00.
Triumph Group 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.
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