Triumph Group Inc (NYSE:TGI) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $14.91 and last traded at $15.33, with a volume of 38601 shares changing hands. The stock had previously closed at $15.94.
TGI has been the topic of a number of research reports. ValuEngine cut Triumph Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 2nd. Bank of America lowered their price objective on Triumph Group from $29.00 to $24.00 and set an “underperform” rating on the stock in a research note on Wednesday, August 15th. Zacks Investment Research upgraded Triumph Group from a “sell” rating to a “hold” rating in a research note on Tuesday, October 16th. Barclays lowered their price objective on Triumph Group from $28.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Tuesday, September 4th. Finally, Canaccord Genuity restated a “hold” rating and issued a $26.00 price objective on shares of Triumph Group in a research note on Wednesday, August 8th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $24.50.
The company has a quick ratio of 0.87, a current ratio of 1.33 and a debt-to-equity ratio of 3.16. The firm has a market cap of $794.37 million, a price-to-earnings ratio of 6.19, a PEG ratio of 1.29 and a beta of 1.88.
Triumph Group (NYSE:TGI) last posted its earnings results on Thursday, November 8th. The aerospace company reported $0.40 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.01. The business had revenue of $855.11 million during the quarter, compared to analyst estimates of $801.52 million. Triumph Group had a positive return on equity of 68.14% and a negative net margin of 14.98%. The company’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.52 EPS. Analysts predict that Triumph Group Inc will post 1.77 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Saturday, December 15th. Shareholders of record on Friday, November 30th will be issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date is Thursday, November 29th. Triumph Group’s payout ratio is presently 6.32%.
In other Triumph Group news, Director Joseph Silvestri sold 5,000 shares of Triumph Group stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $22.00, for a total transaction of $110,000.00. Following the completion of the transaction, the director now 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 can be accessed through this link. 1.50% of the stock is owned by insiders.
A number of hedge funds have recently bought and sold shares of the business. Riverhead Capital Management LLC grew its holdings in Triumph Group by 44.5% during the 3rd quarter. Riverhead Capital Management LLC now owns 8,771 shares of the aerospace company’s stock valued at $204,000 after buying an additional 2,700 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of Triumph Group by 2.4% during the second quarter. Rhumbline Advisers now owns 121,514 shares of the aerospace company’s stock worth $2,382,000 after purchasing an additional 2,816 shares in the last quarter. FMR LLC grew its holdings in shares of Triumph Group by 16.4% during the third quarter. FMR LLC now owns 21,310 shares of the aerospace company’s stock worth $497,000 after purchasing an additional 3,000 shares in the last quarter. Hanson & Doremus Investment Management grew its holdings in shares of Triumph Group by 10.7% during the third quarter. Hanson & Doremus Investment Management now owns 37,028 shares of the aerospace company’s stock worth $863,000 after purchasing an additional 3,577 shares in the last quarter. Finally, Legal & General Group Plc grew its holdings in shares of Triumph Group by 3.0% during the second quarter. Legal & General Group Plc now owns 138,927 shares of the aerospace company’s stock worth $2,690,000 after purchasing an additional 4,023 shares in the last quarter.
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About Triumph Group (NYSE:TGI)
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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