Triumph Group, Inc. (TGI) Shares Sold by Parametric Portfolio Associates LLC

Parametric Portfolio Associates LLC decreased its stake in shares of Triumph Group, Inc. (NYSE:TGI) by 19.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 317,028 shares of the aerospace company’s stock after selling 76,326 shares during the period. Parametric Portfolio Associates LLC owned 0.64% of Triumph Group worth $10,018,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of TGI. Wells Fargo & Company MN increased its position in Triumph Group by 91.7% during the first quarter. Wells Fargo & Company MN now owns 133,293 shares of the aerospace company’s stock worth $3,432,000 after purchasing an additional 63,777 shares during the last quarter. Bank of New York Mellon Corp increased its position in Triumph Group by 9.1% during the first quarter. Bank of New York Mellon Corp now owns 639,026 shares of the aerospace company’s stock worth $16,455,000 after purchasing an additional 53,282 shares during the last quarter. Comerica Bank increased its position in Triumph Group by 49.6% during the first quarter. Comerica Bank now owns 55,680 shares of the aerospace company’s stock worth $1,470,000 after purchasing an additional 18,469 shares during the last quarter. Swiss National Bank increased its position in Triumph Group by 2.0% during the first quarter. Swiss National Bank now owns 77,600 shares of the aerospace company’s stock worth $1,998,000 after purchasing an additional 1,500 shares during the last quarter. Finally, UBS Asset Management Americas Inc. increased its position in Triumph Group by 20.2% during the first quarter. UBS Asset Management Americas Inc. now owns 41,362 shares of the aerospace company’s stock worth $1,065,000 after purchasing an additional 6,940 shares during the last quarter. 99.75% of the stock is owned by hedge funds and other institutional investors.

TGI has been the subject of several recent research reports. Jefferies Group LLC lowered shares of Triumph Group from a “buy” rating to a “hold” rating and set a $37.00 price objective for the company. in a research report on Monday, July 24th. Canaccord Genuity reissued a “hold” rating and issued a $34.00 price objective on shares of Triumph Group in a research report on Thursday, July 20th. SunTrust Banks, Inc. reissued a “hold” rating and issued a $28.00 price objective on shares of Triumph Group in a research report on Thursday. Robert W. Baird reissued a “buy” rating and issued a $34.00 price objective on shares of Triumph Group in a research report on Thursday. Finally, BidaskClub raised shares of Triumph Group from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 5th. Four analysts have rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $30.00.

Triumph Group (NYSE:TGI) last announced its earnings results on Wednesday, July 26th. The aerospace company reported $0.24 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.87 by ($0.63). Triumph Group had a positive return on equity of 28.96% and a negative net margin of 1.89%. The company had revenue of $781.70 million for the quarter, compared to the consensus estimate of $804.26 million. During the same period last year, the firm posted $1.04 EPS. The company’s revenue was down 12.5% compared to the same quarter last year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend was Wednesday, August 30th. Triumph Group’s dividend payout ratio (DPR) is currently -12.12%.

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Triumph Group Company Profile

Institutional Ownership by Quarter for Triumph Group (NYSE:TGI)

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