Migdal Insurance & Financial Holdings Ltd. reduced its stake in Triumph Group Inc (NYSE:TGI) by 9.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 270,157 shares of the aerospace company’s stock after selling 28,485 shares during the quarter. Migdal Insurance & Financial Holdings Ltd. owned 0.54% of Triumph Group worth $6,295,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of TGI. Rhumbline Advisers lifted its holdings in Triumph Group by 2.4% during the 2nd quarter. Rhumbline Advisers now owns 121,514 shares of the aerospace company’s stock worth $2,382,000 after buying an additional 2,816 shares in the last quarter. Hanson & Doremus Investment Management raised its holdings in shares of Triumph Group by 10.7% in the 3rd quarter. Hanson & Doremus Investment Management now owns 37,028 shares of the aerospace company’s stock valued at $863,000 after purchasing an additional 3,577 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of Triumph Group by 3.0% in the 2nd quarter. Legal & General Group Plc now owns 138,927 shares of the aerospace company’s stock valued at $2,690,000 after purchasing an additional 4,023 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Triumph Group in the 2nd quarter valued at $114,000. Finally, Trilogy Capital Inc. acquired a new stake in shares of Triumph Group in the 2nd quarter valued at $157,000.
NYSE TGI opened at $18.63 on Friday. The company has a current ratio of 1.33, a quick ratio of 0.87 and a debt-to-equity ratio of 3.16. The firm has a market capitalization of $962.37 million, a P/E ratio of 7.70, a P/E/G ratio of 0.82 and a beta of 1.90. Triumph Group Inc has a 12 month low of $16.80 and a 12 month high of $31.90.
Triumph Group (NYSE:TGI) last posted its earnings results on Thursday, November 8th. The aerospace company reported $0.40 EPS for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.01. The firm had revenue of $855.11 million for the quarter, compared to the consensus estimate of $801.52 million. Triumph Group had a negative net margin of 14.98% and a positive return on equity of 68.14%. The company’s revenue was up 14.8% on a year-over-year basis. During the same period last year, the firm posted $0.52 EPS. On average, research analysts forecast that Triumph Group Inc will post 1.79 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Saturday, December 15th. Investors of record on Friday, November 30th will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date of this dividend is Thursday, November 29th. Triumph Group’s dividend payout ratio (DPR) is 6.32%.
TGI has been the topic of a number of analyst reports. ValuEngine lowered shares of Triumph Group from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. Bank of America reduced their price objective on shares of Triumph Group from $29.00 to $24.00 and set an “underperform” rating on the stock in a report on Wednesday, August 15th. Zacks Investment Research upgraded shares of Triumph Group from a “sell” rating to a “hold” rating in a report on Tuesday, October 16th. SunTrust Banks restated a “hold” rating and issued a $23.00 price objective on shares of Triumph Group in a report on Friday, July 20th. Finally, Barclays reduced their price objective on shares of Triumph Group from $28.00 to $23.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 4th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. Triumph Group presently has a consensus rating of “Hold” and a consensus target price of $24.50.
In related news, Director Joseph Silvestri sold 5,000 shares of the stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $22.00, for a total value of $110,000.00. Following the transaction, the director now directly owns 107,662 shares of the company’s stock, valued at approximately $2,368,564. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.50% of the company’s stock.
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Triumph Group Company Profile
Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls, and distributes aerostructures, aircraft components, accessories, subassemblies, and systems worldwide. The company operates in three segments: Integrated Systems, Aerospace Structures, and Product Support. It offers aircraft and engine-mounted accessory drives, thermal control systems and components, cargo hooks, high lift actuations, cockpit control levers, hydraulic systems and components, landing gear actuation systems, control system valve bodies, landing gear components and assemblies, electronic engine controls, main engine gear box assemblies, exhaust nozzles and ducting, fuel pumps, geared transmissions and drive train components, secondary flight control systems, fuel metering units, and vibration absorbers.
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