Earnest Partners LLC lifted its stake in shares of Triumph Group Inc (NYSE:TGI) by 7.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,424,243 shares of the aerospace company’s stock after buying an additional 246,060 shares during the period. Earnest Partners LLC owned about 0.07% of Triumph Group worth $78,415,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. NumerixS Investment Technologies Inc bought a new stake in Triumph Group during the first quarter worth $86,000. Bank of Montreal Can lifted its holdings in Triumph Group by 134.4% during the second quarter. Bank of Montreal Can now owns 7,968 shares of the aerospace company’s stock worth $183,000 after acquiring an additional 4,569 shares during the period. Emerald Advisers LLC bought a new stake in Triumph Group during the second quarter worth $204,000. BNP Paribas Arbitrage SA lifted its holdings in Triumph Group by 135.5% during the first quarter. BNP Paribas Arbitrage SA now owns 11,400 shares of the aerospace company’s stock worth $217,000 after acquiring an additional 6,560 shares during the period. Finally, Campbell & CO Investment Adviser LLC bought a new stake in Triumph Group during the first quarter worth $223,000.
Shares of TGI opened at $24.26 on Friday. The firm has a market cap of $1.16 billion, a PE ratio of 9.74, a PEG ratio of 1.89 and a beta of 2.77. The stock’s fifty day moving average price is $22.30 and its two-hundred day moving average price is $21.80. Triumph Group Inc has a 1 year low of $11.16 and a 1 year high of $26.00.
Triumph Group (NYSE:TGI) last released its quarterly earnings data on Wednesday, July 31st. The aerospace company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01. Triumph Group had a negative return on equity of 29.65% and a negative net margin of 6.96%. The company had revenue of $730.20 million for the quarter, compared to analyst estimates of $700.19 million. During the same period in the previous year, the company posted $0.34 EPS. The firm’s revenue for the quarter was down 12.3% compared to the same quarter last year. On average, equities analysts forecast that Triumph Group Inc will post 2.55 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be paid a dividend of $0.04 per share. The ex-dividend date is Thursday, August 29th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.66%. Triumph Group’s payout ratio is 6.43%.
TGI has been the topic of a number of recent analyst reports. Barclays lowered Triumph Group from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $23.00 to $20.00 in a report on Friday, August 23rd. ValuEngine lowered Triumph Group from a “hold” rating to a “sell” rating in a report on Thursday, August 15th. Finally, Zacks Investment Research upgraded Triumph Group from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a report on Monday, July 8th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $23.61.
Triumph Group Profile
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.
Further Reading: How interest rates affect municipal bond prices
Want to see what other hedge funds are holding TGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Triumph Group Inc (NYSE:TGI).
Receive News & Ratings for Triumph Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Triumph Group and related companies with MarketBeat.com's FREE daily email newsletter.