Triumph Group (NYSE:TGI) had its price objective cut by Barclays from $28.00 to $23.00 in a research note issued to investors on Tuesday. They currently have an equal weight rating on the aerospace company’s stock.
A number of other brokerages have also commented on TGI. ValuEngine raised Triumph Group from a hold rating to a buy rating in a research report on Tuesday, May 8th. Canaccord Genuity reaffirmed a hold rating and issued a $26.00 target price on shares of Triumph Group in a research report on Wednesday, August 8th. Vertical Research raised Triumph Group from a hold rating to a buy rating in a research report on Wednesday, May 16th. Royal Bank of Canada decreased their target price on Triumph Group to $29.00 and set an outperform rating for the company in a research report on Friday, May 11th. Finally, Robert W. Baird lowered Triumph Group from an outperform rating to a neutral rating in a research report on Friday, May 11th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $26.00.
Shares of Triumph Group stock opened at $20.55 on Tuesday. Triumph Group has a one year low of $17.75 and a one year high of $34.58. The stock has a market capitalization of $1.02 billion, a P/E ratio of 8.12, a PEG ratio of 0.83 and a beta of 1.78. The company has a debt-to-equity ratio of -6.64, a current ratio of 1.23 and a quick ratio of 0.81.
Triumph Group (NYSE:TGI) last issued its earnings results on Wednesday, August 8th. The aerospace company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). Triumph Group had a negative net margin of 15.20% and a positive return on equity of 28.57%. The firm had revenue of $832.90 million during the quarter, compared to the consensus estimate of $805.88 million. During the same period in the previous year, the firm earned $0.24 earnings per share. The business’s quarterly revenue was up 6.5% on a year-over-year basis. analysts expect that Triumph Group will post 1.86 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Saturday, September 15th. Shareholders of record on Friday, August 31st will be issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend is Thursday, August 30th. Triumph Group’s dividend payout ratio is currently 6.32%.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Systematic Financial Management LP increased its holdings in Triumph Group by 5.3% during the 1st quarter. Systematic Financial Management LP now owns 52,455 shares of the aerospace company’s stock worth $1,322,000 after purchasing an additional 2,655 shares in the last quarter. Rhumbline Advisers increased its holdings in Triumph Group by 2.4% during the 2nd quarter. Rhumbline Advisers now owns 121,514 shares of the aerospace company’s stock worth $2,382,000 after purchasing an additional 2,816 shares in the last quarter. Barclays PLC increased its holdings in Triumph Group by 23.3% during the 1st quarter. Barclays PLC now owns 18,279 shares of the aerospace company’s stock worth $460,000 after purchasing an additional 3,450 shares in the last quarter. Raymond James Trust N.A. increased its holdings in Triumph Group by 35.6% during the 2nd quarter. Raymond James Trust N.A. now owns 13,400 shares of the aerospace company’s stock worth $263,000 after purchasing an additional 3,515 shares in the last quarter. Finally, Swiss National Bank increased its holdings in Triumph Group by 4.6% during the 1st quarter. Swiss National Bank now owns 86,400 shares of the aerospace company’s stock worth $2,177,000 after purchasing an additional 3,800 shares in the last quarter.
Triumph Group Company 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.
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