Joseph Silvestri Sells 3,670 Shares of Triumph Group (NYSE:TGI) Stock

Triumph Group (NYSE:TGI) Director Joseph Silvestri sold 3,670 shares of the firm’s stock in a transaction 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 directly owns 105,408 shares in the company, valued at $2,946,153.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

TGI traded down $1.25 on Friday, hitting $26.35. The company had a trading volume of 659,984 shares, compared to its average volume of 583,119. The company has a current ratio of 1.84, a quick ratio of 0.42 and a debt-to-equity ratio of 1.82. The firm has a market cap of $1,311.34, a P/E ratio of 4.03, a P/E/G ratio of 0.83 and a beta of 1.69. Triumph Group has a 12-month low of $19.65 and a 12-month high of $34.80.

Triumph Group (NYSE:TGI) last announced its quarterly earnings data on Thursday, February 1st. The aerospace company reported $0.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.11. The business had revenue of $775.25 million during the quarter, compared to the consensus estimate of $769.08 million. Triumph Group had a negative net margin of 7.68% and a positive return on equity of 27.59%. The firm’s quarterly revenue was down 8.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.01 earnings per share. research analysts forecast that Triumph Group will post 2.55 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.61%. The ex-dividend date was Wednesday, February 28th. Triumph Group’s dividend payout ratio is presently 2.45%.

A number of equities research analysts have issued reports on TGI shares. Zacks Investment Research upgraded Triumph Group from a “sell” rating to a “hold” rating and set a $32.00 price target for the company in a research note on Saturday, January 20th. Barclays started coverage on Triumph Group in a research note on Thursday, March 29th. They issued an “equal weight” rating and a $28.00 price target for the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $37.00 price target on shares of Triumph Group in a research note on Friday, February 2nd. Finally, TheStreet lowered Triumph Group from a “c-” rating to a “d+” rating in a research report on Wednesday, December 27th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $32.36.

Institutional investors have recently bought and sold shares of the company. Stifel Financial Corp raised its stake in shares of Triumph Group by 11.7% during the third quarter. Stifel Financial Corp now owns 842,877 shares of the aerospace company’s stock valued at $25,084,000 after acquiring an additional 88,150 shares in the last quarter. Walthausen & Co. LLC purchased a new position in Triumph Group during the third quarter valued at approximately $20,635,000. Vident Investment Advisory LLC purchased a new position in Triumph Group during the third quarter valued at approximately $2,792,000. Rockefeller Financial Services Inc. increased its holdings in Triumph Group by 29.1% during the fourth quarter. Rockefeller Financial Services Inc. now owns 348,816 shares of the aerospace company’s stock valued at $9,488,000 after buying an additional 78,716 shares during the period. Finally, Arizona State Retirement System increased its holdings in Triumph Group by 224.7% during the fourth quarter. Arizona State Retirement System now owns 83,445 shares of the aerospace company’s stock valued at $2,270,000 after buying an additional 57,745 shares during the period.

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Triumph Group Company Profile

Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls, and distributes aero structures, aircraft components, accessories, subassemblies, and systems worldwide. The company operates through four segments: Integrated Systems, Aerospace Structures, Precision Components, and Product Support.

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