Triumph Group (NYSE:TGI) Shares Up 6%

Shares of Triumph Group Inc (NYSE:TGI) shot up 6% on Thursday . The company traded as high as $21.49 and last traded at $21.45. 789,256 shares were traded during mid-day trading, an increase of 13% from the average session volume of 696,950 shares. The stock had previously closed at $20.24.

A number of brokerages have recently weighed in on TGI. ValuEngine raised Triumph Group from a “sell” rating to a “hold” rating in a report on Thursday. Zacks Investment Research lowered Triumph Group from a “buy” rating to a “hold” rating in a report on Monday, May 20th. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $24.66.

The company has a market cap of $1.07 billion, a PE ratio of 9.20, a PEG ratio of 1.73 and a beta of 2.73. The firm has a 50 day moving average price of $20.37.

Triumph Group (NYSE:TGI) last issued its earnings results on Wednesday, May 8th. The aerospace company reported $1.15 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $869.03 million for the quarter, compared to the consensus estimate of $842.57 million. During the same quarter in the prior year, the business earned $1.01 earnings per share. The company’s revenue was down 3.1% compared to the same quarter last year. Research analysts predict that Triumph Group Inc will post 2.58 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Saturday, June 15th. Stockholders of record on Friday, May 31st were paid a $0.04 dividend. The ex-dividend date was Thursday, May 30th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.70%. Triumph Group’s payout ratio is 6.43%.

In other news, Director Joseph Silvestri sold 33,853 shares of the company’s stock in a transaction dated 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 owns 47,662 shares in the company, valued at $1,155,803.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.60% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Advisor Group Inc. boosted its position in Triumph Group by 312.6% during the fourth quarter. Advisor Group Inc. now owns 2,393 shares of the aerospace company’s stock worth $28,000 after purchasing an additional 1,813 shares in the last quarter. Citigroup Inc. boosted its position in Triumph Group by 1,567.6% during the fourth quarter. Citigroup Inc. now owns 5,653 shares of the aerospace company’s stock worth $65,000 after purchasing an additional 5,314 shares in the last quarter. Flinton Capital Management LLC boosted its position in Triumph Group by 18.7% during the fourth quarter. Flinton Capital Management LLC now owns 6,608 shares of the aerospace company’s stock worth $76,000 after purchasing an additional 1,040 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in Triumph Group by 7.6% during the fourth quarter. Public Employees Retirement System of Ohio now owns 7,204 shares of the aerospace company’s stock worth $83,000 after purchasing an additional 507 shares in the last quarter. Finally, NumerixS Investment Technologies Inc purchased a new position in Triumph Group during the first quarter worth approximately $86,000.

Triumph Group Company Profile (NYSE:TGI)

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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