TIAA CREF Investment Management LLC cut its stake in shares of Triumph Group, Inc. (NYSE:TGI) by 16.5% during the first quarter, Holdings Channel reports. The firm owned 780,772 shares of the aerospace company’s stock after selling 153,960 shares during the period. TIAA CREF Investment Management LLC’s holdings in Triumph Group were worth $20,105,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Bank of Montreal Can raised its position in Triumph Group by 8.0% in the first quarter. Bank of Montreal Can now owns 5,252 shares of the aerospace company’s stock valued at $135,000 after buying an additional 391 shares during the period. State of Alaska Department of Revenue bought a new position in Triumph Group during the first quarter valued at about $140,000. Wayne Hummer Investments L.L.C. bought a new position in Triumph Group during the first quarter valued at about $219,000. Thrivent Financial for Lutherans raised its position in Triumph Group by 9.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 8,510 shares of the aerospace company’s stock valued at $226,000 after buying an additional 750 shares during the period. Finally, Quantbot Technologies LP bought a new position in Triumph Group during the first quarter valued at about $230,000. Institutional investors own 99.75% of the company’s stock.
Shares of Triumph Group, Inc. (TGI) traded down 0.50% during midday trading on Wednesday, hitting $30.10. The stock had a trading volume of 27,078 shares. Triumph Group, Inc. has a one year low of $19.65 and a one year high of $40.09. The stock’s market cap is $1.49 billion. The firm has a 50 day moving average price of $28.47 and a 200 day moving average price of $26.94.
Triumph Group (NYSE:TGI) last released its quarterly earnings data on Wednesday, May 24th. The aerospace company reported $3.09 EPS for the quarter, beating analysts’ consensus estimates of $1.40 by $1.69. Triumph Group had a positive return on equity of 32.58% and a negative net margin of 1.22%. The business had revenue of $919.90 million for the quarter, compared to the consensus estimate of $923.93 million. During the same quarter in the prior year, the business posted $1.32 EPS. The business’s revenue for the quarter was down 13.0% on a year-over-year basis. On average, equities analysts forecast that Triumph Group, Inc. will post $3.69 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st were issued a $0.04 dividend. The ex-dividend date of this dividend was Tuesday, May 30th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.53%. Triumph Group’s payout ratio is currently -18.18%.
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Several research firms have issued reports on TGI. Robert W. Baird upgraded Triumph Group from an “underperform” rating to an “outperform” rating and lifted their target price for the company from $25.00 to $30.00 in a research note on Tuesday, May 16th. Royal Bank Of Canada reiterated a “buy” rating and issued a $35.00 target price on shares of Triumph Group in a research note on Friday, May 19th. Jefferies Group LLC set a $29.00 target price on Triumph Group and gave the company a “buy” rating in a research note on Saturday, May 6th. Vertical Research upgraded Triumph Group from a “sell” rating to a “hold” rating and lifted their target price for the company from $24.00 to $31.00 in a research note on Wednesday, May 24th. Finally, ValuEngine lowered Triumph Group from a “buy” rating to a “hold” rating in a research note on Friday, May 26th. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. Triumph Group has an average rating of “Hold” and an average price target of $32.50.
Triumph Group Company Profile
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