State of Tennessee Treasury Department Has $900,000 Position in Triumph Group Inc (TGI)

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State of Tennessee Treasury Department lessened its stake in shares of Triumph Group Inc (NYSE:TGI) by 9.5% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 35,695 shares of the aerospace company’s stock after selling 3,749 shares during the period. State of Tennessee Treasury Department’s holdings in Triumph Group were worth $900,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. BlackRock Inc. lifted its position in shares of Triumph Group by 3.6% during the 1st quarter. BlackRock Inc. now owns 8,393,116 shares of the aerospace company’s stock worth $211,508,000 after buying an additional 293,938 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Triumph Group by 8.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,279,951 shares of the aerospace company’s stock worth $82,655,000 after buying an additional 244,916 shares during the period. Teachers Advisors LLC lifted its position in shares of Triumph Group by 25.8% during the 4th quarter. Teachers Advisors LLC now owns 2,067,926 shares of the aerospace company’s stock worth $56,248,000 after buying an additional 424,142 shares during the period. Towle & Co. lifted its position in shares of Triumph Group by 21.6% during the 1st quarter. Towle & Co. now owns 1,461,474 shares of the aerospace company’s stock worth $36,829,000 after buying an additional 259,628 shares during the period. Finally, Maple Rock Capital Partners Inc. lifted its position in shares of Triumph Group by 20.0% during the 4th quarter. Maple Rock Capital Partners Inc. now owns 960,000 shares of the aerospace company’s stock worth $26,112,000 after buying an additional 160,000 shares during the period.

Shares of Triumph Group opened at $19.95 on Friday, according to Marketbeat. The company has a quick ratio of 0.50, a current ratio of 1.94 and a debt-to-equity ratio of 3.16. Triumph Group Inc has a 52-week low of $19.48 and a 52-week high of $34.58. The firm has a market capitalization of $994.38 million, a price-to-earnings ratio of 7.89, a price-to-earnings-growth ratio of 0.89 and a beta of 1.67.

Triumph Group (NYSE:TGI) last issued its quarterly earnings data on Thursday, May 10th. The aerospace company reported $1.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.04. Triumph Group had a positive return on equity of 17.23% and a negative net margin of 13.11%. The firm had revenue of $896.90 million during the quarter, compared to the consensus estimate of $826.92 million. During the same quarter in the previous year, the company posted $2.81 EPS. The business’s revenue for the quarter was down 2.5% compared to the same quarter last year. equities research analysts forecast that Triumph Group Inc will post 1.89 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 15th. Shareholders of record on Friday, June 1st were given a $0.04 dividend. The ex-dividend date of this dividend was Thursday, May 31st. This represents a $0.16 annualized dividend and a yield of 0.80%. Triumph Group’s payout ratio is 6.32%.

TGI has been the subject of several analyst reports. Royal Bank of Canada cut their target price on Triumph Group to $29.00 and set an “outperform” rating for the company in a research report on Friday, May 11th. Zacks Investment Research downgraded Triumph Group from a “hold” rating to a “sell” rating in a research report on Monday, April 23rd. SunTrust Banks restated a “hold” rating and set a $27.00 target price on shares of Triumph Group in a research report on Monday, April 23rd. Barclays initiated coverage on Triumph Group in a research report on Thursday, March 29th. They set an “equal weight” rating and a $28.00 target price for the company. Finally, ValuEngine downgraded Triumph Group from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. Triumph Group has an average rating of “Hold” and an average target price of $30.00.

About Triumph Group

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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Institutional Ownership by Quarter for Triumph Group (NYSE:TGI)

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