California Public Employees Retirement System lessened its stake in Triumph Group Inc (NYSE:TGI) by 13.4% in the 1st quarter, Holdings Channel reports. The firm owned 96,497 shares of the aerospace company’s stock after selling 14,927 shares during the period. California Public Employees Retirement System’s holdings in Triumph Group were worth $1,839,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of TGI. Arizona State Retirement System boosted its position in shares of Triumph Group by 6.2% during the fourth quarter. Arizona State Retirement System now owns 76,745 shares of the aerospace company’s stock valued at $883,000 after purchasing an additional 4,486 shares in the last quarter. Rhumbline Advisers boosted its position in shares of Triumph Group by 20.9% during the fourth quarter. Rhumbline Advisers now owns 147,504 shares of the aerospace company’s stock valued at $1,696,000 after purchasing an additional 25,502 shares in the last quarter. South Dakota Investment Council boosted its position in shares of Triumph Group by 128.1% during the fourth quarter. South Dakota Investment Council now owns 81,900 shares of the aerospace company’s stock valued at $942,000 after purchasing an additional 46,000 shares in the last quarter. Oregon Public Employees Retirement Fund bought a new stake in shares of Triumph Group during the fourth quarter valued at approximately $218,000. Finally, First Trust Advisors LP boosted its position in shares of Triumph Group by 267.7% during the fourth quarter. First Trust Advisors LP now owns 64,839 shares of the aerospace company’s stock valued at $746,000 after purchasing an additional 47,207 shares in the last quarter.
Triumph Group stock opened at $19.99 on Thursday. Triumph Group Inc has a 12 month low of $11.16 and a 12 month high of $26.00. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 8.03, a P/E/G ratio of 1.62 and a beta of 2.73.
Triumph Group (NYSE:TGI) last released its earnings results on Wednesday, May 8th. The aerospace company reported $1.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.47. Triumph Group had a negative return on equity of 35.34% and a negative net margin of 9.56%. The business had revenue of $869.03 million for the quarter, compared to the consensus estimate of $842.57 million. During the same period in the previous year, the company posted $1.01 earnings per share. The company’s revenue for the quarter was down 3.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Triumph Group Inc will post 2.58 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Saturday, June 15th. Shareholders of record on Friday, May 31st will be issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend is Thursday, May 30th. Triumph Group’s dividend payout ratio (DPR) is 6.43%.
In other Triumph Group news, Director Joseph Silvestri sold 33,853 shares of the business’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of $24.25, for a total value of $820,935.25. Following the sale, the director now directly owns 47,662 shares of the company’s stock, valued at $1,155,803.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.50% of the company’s stock.
Several equities research analysts recently weighed in on the company. Zacks Investment Research lowered Triumph Group from a “buy” rating to a “hold” rating in a research report on Monday, May 20th. ValuEngine lowered Triumph Group from a “hold” rating to a “sell” rating in a research report on Friday, May 17th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. Triumph Group currently has a consensus rating of “Hold” and an average target price of $24.66.
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About Triumph Group
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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