American International Group Inc. Has $1.15 Million Holdings in Triumph Group Inc (TGI)

American International Group Inc. raised its stake in shares of Triumph Group Inc (NYSE:TGI) by 5.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 38,773 shares of the aerospace company’s stock after acquiring an additional 2,102 shares during the quarter. American International Group Inc. owned approximately 0.08% of Triumph Group worth $1,153,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Riverhead Capital Management LLC raised its holdings in shares of Triumph Group by 56.8% in the second quarter. Riverhead Capital Management LLC now owns 3,763 shares of the aerospace company’s stock valued at $119,000 after buying an additional 1,363 shares during the last quarter. Thompson Siegel & Walmsley LLC bought a new position in shares of Triumph Group in the second quarter valued at about $149,000. Sei Investments Co. raised its holdings in shares of Triumph Group by 51.6% in the second quarter. Sei Investments Co. now owns 5,279 shares of the aerospace company’s stock valued at $167,000 after buying an additional 1,796 shares during the last quarter. Tower Research Capital LLC TRC bought a new position in shares of Triumph Group in the second quarter valued at about $201,000. Finally, BlueCrest Capital Management Ltd bought a new position in shares of Triumph Group in the second quarter valued at about $207,000. 99.77% of the stock is owned by institutional investors.

Triumph Group Inc (NYSE TGI) traded up $0.60 during trading on Monday, hitting $27.25. The stock had a trading volume of 1,423,900 shares, compared to its average volume of 777,172. The firm has a market cap of $1,352.88, a price-to-earnings ratio of 5.61, a P/E/G ratio of 0.67 and a beta of 1.76. Triumph Group Inc has a 52 week low of $19.65 and a 52 week high of $34.80. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.87 and a quick ratio of 0.42.

Triumph Group (NYSE:TGI) last posted its earnings results on Wednesday, November 8th. The aerospace company reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.20. The company had revenue of $745.16 million during 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 for the quarter was down 14.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.00 EPS. equities research analysts expect that Triumph Group Inc will post 2.48 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $0.16 annualized dividend and a dividend yield of 0.59%. Triumph Group’s payout ratio is currently -7.51%.

In other news, Director Joseph Silvestri sold 34,162 shares of the business’s 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 completion of the transaction, the director now directly owns 109,078 shares in the company, valued at approximately $3,306,154.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Daniel J. Crowley sold 78,900 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $31.35, for a total value of $2,473,515.00. The disclosure for this sale can be found here. 2.80% of the stock is currently owned by insiders.

TGI has been the subject of several recent research reports. SunTrust Banks boosted their price objective on Triumph Group to $34.00 and gave the stock a “hold” rating in a report on Thursday, November 9th. Royal Bank of Canada reissued an “outperform” rating and set a $41.00 price objective (up from $38.00) on shares of Triumph Group in a report on Thursday, November 9th. Robert W. Baird reissued a “buy” rating and set a $34.00 price objective on shares of Triumph Group in a report on Thursday, October 12th. Canaccord Genuity reissued a “hold” rating and set a $36.00 price objective (up from $30.00) on shares of Triumph Group in a report on Thursday, November 9th. Finally, Cowen reissued a “hold” rating and set a $30.00 price objective on shares of Triumph Group in a report on Thursday, November 9th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $33.11.

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Triumph Group Profile

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

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