Emerald Advisers Inc. PA increased its stake in Triumph Group Inc. (NYSE:TGI) by 140.6% during the second quarter, Holdings Channel reports. The institutional investor owned 99,220 shares of the company’s stock after buying an additional 57,980 shares during the period. Emerald Advisers Inc. PA’s holdings in Triumph Group were worth $3,522,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. LS Investment Advisors LLC raised its position in Triumph Group by 72.2% in the second quarter. LS Investment Advisors LLC now owns 3,054 shares of the company’s stock valued at $108,000 after buying an additional 1,280 shares in the last quarter. Trust Department MB Financial Bank N A raised its position in 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. Banced Corp bought a new position in Triumph Group during the second quarter valued at about $319,000. UBS Group AG raised its position in Triumph Group by 59.0% in the first quarter. UBS Group AG now owns 18,380 shares of the company’s stock valued at $578,000 after buying an additional 6,820 shares in the last quarter. Finally, Murphy Capital Management Inc. bought a new position in Triumph Group during the second quarter valued at about $603,000. Hedge funds and other institutional investors own 99.35% of the company’s stock.
Triumph Group Inc. (NYSE:TGI) traded down 5.22% during trading on Friday, reaching $25.59. The company’s stock had a trading volume of 1,073,458 shares. The stock’s market cap is $1.27 billion. The firm has a 50 day moving average price of $29.90 and a 200-day moving average price of $33.85. Triumph Group Inc. has a 52-week low of $22.94 and a 52-week high of $47.28.
Triumph Group (NYSE:TGI) last posted its quarterly earnings results on Thursday, July 28th. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates 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 earned $893.30 million during the quarter, compared to analysts’ expectations of $896.80 million. During the same quarter in the previous year, the firm earned $1.31 EPS. Triumph Group’s revenue was down 6.9% on a year-over-year basis. On average, analysts expect 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 issued 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 0.63%. Triumph Group’s dividend payout ratio (DPR) is currently -0.72%.
TGI has been the topic of several research analyst reports. Jefferies Group decreased their target price on Triumph Group from $54.00 to $44.00 and set a “buy” rating on the stock in a report on Friday, July 29th. Robert W. Baird initiated coverage on Triumph Group in a report on Thursday. They set an “underperform” rating and a $24.00 target price on the stock. Zacks Investment Research cut Triumph Group from a “hold” rating to a “sell” rating in a report on Monday, July 18th. JPMorgan Chase & Co. decreased their target price on Triumph Group from $42.00 to $40.00 and set a “neutral” rating on the stock in a report on Friday, July 29th. Finally, Canaccord Genuity restated a “hold” rating and set a $35.00 target price on shares of Triumph Group in a report on Wednesday, September 14th. One analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $43.46.
Triumph Group Company Profile