Triumph Group Inc (NYSE:TGI) Director Joseph Silvestri sold 3,670 shares of the stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of $27.95, for a total value of $102,576.50. Following the completion of the transaction, the director now owns 105,408 shares in the company, valued at approximately $2,946,153.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Triumph Group Inc (NYSE TGI) traded down $0.05 during mid-day trading on Thursday, reaching $26.80. The company’s stock had a trading volume of 51,050 shares, compared to its average volume of 566,953. Triumph Group Inc has a one year low of $19.65 and a one year high of $34.80. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.42 and a current ratio of 1.84. The firm has a market capitalization of $1,403.23, a P/E ratio of -5.36, a PEG ratio of 0.93 and a beta of 1.69.
Triumph Group (NYSE:TGI) last announced its quarterly earnings results on Thursday, February 1st. The aerospace company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.65 by $0.11. Triumph Group had a positive return on equity of 27.59% and a negative net margin of 7.68%. The company had revenue of $775.25 million for the quarter, compared to the consensus estimate of $769.08 million. During the same quarter last year, the company posted $1.01 earnings per share. The company’s revenue for the quarter was down 8.2% compared to the same quarter last year. sell-side analysts expect that Triumph Group Inc will post 2.55 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be issued a dividend of $0.04 per share. The ex-dividend date is Wednesday, February 28th. This represents a $0.16 annualized dividend and a yield of 0.60%. Triumph Group’s dividend payout ratio (DPR) is presently -3.19%.
A number of hedge funds have recently made changes to their positions in the business. Meitav Dash Investments Ltd. acquired a new position in Triumph Group during the fourth quarter valued at approximately $304,000. MetLife Investment Advisors LLC acquired a new position in Triumph Group during the fourth quarter valued at approximately $655,000. Vident Investment Advisory LLC grew its holdings in Triumph Group by 6.5% during the fourth quarter. Vident Investment Advisory LLC now owns 99,970 shares of the aerospace company’s stock valued at $2,719,000 after purchasing an additional 6,105 shares during the last quarter. TIAA CREF Investment Management LLC grew its holdings in Triumph Group by 17.6% during the fourth quarter. TIAA CREF Investment Management LLC now owns 711,099 shares of the aerospace company’s stock valued at $19,342,000 after purchasing an additional 106,460 shares during the last quarter. Finally, Teachers Advisors LLC grew its holdings in Triumph Group by 25.8% during the fourth quarter. Teachers Advisors LLC now owns 2,067,926 shares of the aerospace company’s stock valued at $56,248,000 after purchasing an additional 424,142 shares during the last quarter.
TGI has been the topic of a number of research reports. Zacks Investment Research downgraded Triumph Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 10th. TheStreet downgraded Triumph Group from a “c-” rating to a “d+” rating in a report on Wednesday, December 27th. Finally, Royal Bank of Canada set a $37.00 price objective on Triumph Group and gave the stock a “buy” rating in a report on Wednesday, January 24th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Triumph Group presently has a consensus rating of “Hold” and an average price target of $32.80.
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About Triumph Group
Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls and distributes a portfolio of aircraft components, accessories, subassemblies and systems. The Company offers a range of products and services to the aerospace industry through three segments: Triumph Aerostructures Group, whose companies are engaged in the design, manufacture, assembly and integration of metallic and composite aerostructures and structural components for the aerospace original equipment manufacturer (OEM) market; Triumph Aerospace Systems Group, whose companies design, engineer and manufacture a range of build-to-print components, assemblies and systems also for the OEM market, and Triumph Aftermarket Services Group, whose companies serve aircraft fleets, such as commercial airlines, the United States military and cargo carriers, through the maintenance, repair and overhaul (MRO) of aircraft components and accessories manufactured by third parties.
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