Triumph Group (TGI) Hits New 12-Month Low at $14.91

Triumph Group Inc (NYSE:TGI)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $14.91 and last traded at $15.33, with a volume of 38601 shares changing hands. The stock had previously closed at $15.94.

A number of equities analysts have issued reports on TGI shares. ValuEngine lowered Triumph Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd. Bank of America cut their target price on Triumph Group from $29.00 to $24.00 and set an “underperform” rating on the stock in a research report on Wednesday, August 15th. Zacks Investment Research upgraded Triumph Group from a “sell” rating to a “hold” rating in a report on Tuesday, October 16th. Barclays lowered their price target on Triumph Group from $28.00 to $23.00 and set an “equal weight” rating for the company in a report on Tuesday, September 4th. Finally, UBS Group began coverage on Triumph Group in a report on Wednesday, August 15th. They issued a “sell” rating and a $19.00 price target for the company. Three research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $24.50.

The company has a debt-to-equity ratio of 3.16, a current ratio of 1.33 and a quick ratio of 0.87. The firm has a market cap of $780.42 million, a price-to-earnings ratio of 5.94, a P/E/G ratio of 1.26 and a beta of 1.88.

Triumph Group (NYSE:TGI) last issued its quarterly earnings results on Thursday, November 8th. The aerospace company reported $0.40 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.01. Triumph Group had a positive return on equity of 68.14% and a negative net margin of 14.98%. The business had revenue of $855.11 million during the quarter, compared to the consensus estimate of $801.52 million. During the same period in the previous year, the business earned $0.52 EPS. The business’s quarterly revenue was up 14.8% on a year-over-year basis. Sell-side analysts expect that Triumph Group Inc will post 1.77 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, December 15th. Investors of record on Friday, November 30th will be paid a dividend of $0.04 per share. The ex-dividend date is Thursday, November 29th. This represents a $0.16 dividend on an annualized basis and a yield of 1.06%. Triumph Group’s payout ratio is currently 6.32%.

In related news, Director Joseph Silvestri sold 5,000 shares of the company’s stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $22.00, for a total transaction of $110,000.00. Following the completion of the transaction, the director now directly owns 107,662 shares in the company, valued at approximately $2,368,564. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.50% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC bought a new position in Triumph Group during the 2nd quarter worth $114,000. Trilogy Capital Inc. bought a new position in Triumph Group during the 2nd quarter worth $157,000. Riverhead Capital Management LLC grew its stake in Triumph Group by 44.5% during the 3rd quarter. Riverhead Capital Management LLC now owns 8,771 shares of the aerospace company’s stock worth $204,000 after buying an additional 2,700 shares during the last quarter. MainStreet Investment Advisors LLC bought a new position in Triumph Group during the 3rd quarter worth $234,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Triumph Group during the 2nd quarter worth $206,000.

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About Triumph Group (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.

See Also: Diversification

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