UBS Asset Management Americas Inc. decreased its stake in shares of Triumph Group Inc. (NYSE:TGI) by 10.7% during the second quarter, Holdings Channel reports. The institutional investor owned 44,506 shares of the company’s stock after selling 5,343 shares during the period. UBS Asset Management Americas Inc. owned approximately 0.09% of Triumph Group worth $1,581,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of the stock. Trust Department MB Financial Bank N A boosted its position in shares of Triumph Group by 633.3% in the second quarter. Trust Department MB Financial Bank N A now owns 1,716 shares of the company’s stock valued at $114,000 after buying an additional 1,482 shares in the last quarter. BlackRock Inc. boosted its position in shares of Triumph Group by 6.9% in the first quarter. BlackRock Inc. now owns 58,291 shares of the company’s stock valued at $1,835,000 after buying an additional 3,784 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of Triumph Group during the first quarter valued at approximately $1,298,000. Emerald Acquisition Ltd. purchased a new position in shares of Triumph Group during the second quarter valued at approximately $23,129,000. Finally, Jacobs Levy Equity Management Inc. boosted its position in shares of Triumph Group by 524.6% in the first quarter. Jacobs Levy Equity Management Inc. now owns 484,564 shares of the company’s stock valued at $15,254,000 after buying an additional 406,984 shares in the last quarter. 99.35% of the stock is owned by institutional investors.
Triumph Group Inc. (NYSE:TGI) traded up 0.61% during midday trading on Wednesday, reaching $24.88. 131,695 shares of the company were exchanged. The firm’s market capitalization is $1.23 billion. Triumph Group Inc. has a 52 week low of $22.94 and a 52 week high of $47.28. The company has a 50-day moving average of $29.51 and a 200 day moving average of $33.76.
Triumph Group (NYSE:TGI) last posted its earnings results on Thursday, July 28th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.10. Triumph Group had a positive return on equity of 15.92% and a negative net margin of 28.46%. The company had revenue of $893.30 million for the quarter, compared to analyst estimates of $896.80 million. During the same quarter in the previous year, the firm earned $1.31 earnings per share. The firm’s quarterly revenue was down 6.9% compared to the same quarter last year. Equities analysts predict that Triumph Group Inc. will post $3.32 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.65%. Triumph Group’s payout ratio is -0.72%.
Several equities analysts recently commented on TGI shares. Canaccord Genuity reaffirmed a “buy” rating on shares of Triumph Group in a research note on Wednesday, October 5th. Robert W. Baird started coverage on shares of Triumph Group in a research note on Thursday, October 6th. They set an “underperform” rating and a $24.00 price objective for the company. Zacks Investment Research raised shares of Triumph Group from a “strong sell” rating to a “hold” rating in a research note on Monday, September 12th. Standpoint Research reissued a “buy” rating on shares of Triumph Group in a research note on Wednesday, July 27th. Finally, Jefferies Group cut their price target on shares of Triumph Group from $54.00 to $44.00 and set a “buy” rating for the company in a research note on Friday, July 29th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $43.46.
Triumph Group Company Profile