State of Tennessee Treasury Department decreased its stake in shares of Triumph Group, Inc. (NYSE:TGI) by 5.9% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 43,738 shares of the aerospace company’s stock after selling 2,764 shares during the period. State of Tennessee Treasury Department owned 0.09% of Triumph Group worth $1,301,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of TGI. Riverhead Capital Management LLC lifted its holdings in Triumph Group by 56.8% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,763 shares of the aerospace company’s stock worth $119,000 after purchasing an additional 1,363 shares in the last quarter. Thompson Siegel & Walmsley LLC purchased a new stake in Triumph Group during the 2nd quarter worth about $149,000. Sei Investments Co. lifted its holdings in Triumph Group by 51.6% during the 2nd quarter. Sei Investments Co. now owns 5,279 shares of the aerospace company’s stock worth $167,000 after purchasing an additional 1,796 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in Triumph Group during the 2nd quarter worth about $171,000. Finally, KCG Holdings Inc. purchased a new stake in Triumph Group during the 1st quarter worth about $201,000. 99.75% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director Joseph Silvestri sold 34,162 shares of the stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $30.31, for a total transaction of $1,035,450.22. Following the transaction, the director now directly owns 109,078 shares in the company, valued at approximately $3,306,154.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.80% of the stock is currently owned by corporate insiders.
Triumph Group (NYSE:TGI) last announced its quarterly earnings data on Wednesday, November 8th. The aerospace company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.32 by $0.20. The firm had revenue of $745.16 million for the quarter, compared to analyst estimates of $787.90 million. Triumph Group had a positive return on equity of 27.18% and a negative net margin of 3.18%. The company’s revenue was down 14.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.00 EPS. sell-side analysts anticipate that Triumph Group, Inc. will post 2.48 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.16 annualized dividend and a dividend yield of 0.53%. Triumph Group’s dividend payout ratio (DPR) is presently -7.51%.
TGI has been the topic of a number of research analyst reports. Jefferies Group LLC restated a “hold” rating and issued a $30.00 target price on shares of Triumph Group in a research note on Friday, September 29th. Royal Bank Of Canada restated a “buy” rating and issued a $33.00 target price on shares of Triumph Group in a research note on Friday, September 1st. Bank of America Corporation restated an “underperform” rating and issued a $27.00 target price (down from $30.00) on shares of Triumph Group in a research note on Saturday, August 26th. Robert W. Baird restated a “buy” rating and issued a $34.00 target price on shares of Triumph Group in a research note on Friday, September 8th. Finally, BidaskClub lowered Triumph Group from a “hold” rating to a “sell” rating in a research note on Tuesday, August 22nd. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $33.11.
Triumph Group Company Profile
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