Schwab Charles Investment Management Inc. increased its position in shares of Triumph Group Inc (NYSE:TGI) by 3.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 603,685 shares of the aerospace company’s stock after buying an additional 20,409 shares during the period. Schwab Charles Investment Management Inc. owned about 1.21% of Triumph Group worth $11,833,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in TGI. Rhumbline Advisers lifted its holdings in shares of Triumph Group by 2.4% during the second quarter. Rhumbline Advisers now owns 121,514 shares of the aerospace company’s stock worth $2,382,000 after purchasing an additional 2,816 shares during the period. Royal Bank of Canada lifted its holdings in Triumph Group by 1.4% in the first quarter. Royal Bank of Canada now owns 384,088 shares of the aerospace company’s stock valued at $9,679,000 after acquiring an additional 5,337 shares during the period. Smith Graham & Co. Investment Advisors LP lifted its holdings in Triumph Group by 36.7% in the second quarter. Smith Graham & Co. Investment Advisors LP now owns 480,791 shares of the aerospace company’s stock valued at $9,424,000 after acquiring an additional 128,990 shares during the period. Engineers Gate Manager LP acquired a new stake in Triumph Group in the second quarter valued at $1,383,000. Finally, Personal Capital Advisors Corp lifted its holdings in Triumph Group by 35.6% in the second quarter. Personal Capital Advisors Corp now owns 154,667 shares of the aerospace company’s stock valued at $3,031,000 after acquiring an additional 40,593 shares during the period.
Shares of TGI stock traded down $0.57 during mid-day trading on Friday, reaching $18.56. The stock had a trading volume of 528,297 shares, compared to its average volume of 632,112. The stock has a market cap of $1.16 billion, a P/E ratio of 7.34, a P/E/G ratio of 0.95 and a beta of 1.77. Triumph Group Inc has a 12-month low of $17.75 and a 12-month high of $34.58. The company has a quick ratio of 0.81, a current ratio of 1.23 and a debt-to-equity ratio of -6.64.
The business also recently disclosed a quarterly dividend, which was paid on Saturday, September 15th. Investors of record on Friday, August 31st were given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date of this dividend was Thursday, August 30th. Triumph Group’s dividend payout ratio is presently 6.32%.
In related news, Director Joseph Silvestri sold 5,000 shares of Triumph Group stock in a transaction dated 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 sale, the director now owns 107,662 shares in the company, valued at approximately $2,368,564. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.50% of the company’s stock.
TGI has been the subject of a number of recent analyst reports. ValuEngine downgraded Triumph Group from a “hold” rating to a “sell” rating in a report on Wednesday, June 27th. SunTrust Banks reissued a “hold” rating and issued a $23.00 target price on shares of Triumph Group in a report on Friday, July 20th. Canaccord Genuity reissued a “hold” rating and issued a $26.00 target price on shares of Triumph Group in a report on Wednesday, August 8th. Bank of America dropped their price target on Triumph Group from $29.00 to $24.00 and set an “underperform” rating for the company in a research report on Wednesday, August 15th. Finally, UBS Group assumed coverage on Triumph Group in a research report on Wednesday, August 15th. They issued a “sell” rating and a $19.00 price target for the company. Four equities research analysts have rated the stock with a sell rating, five 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 target price of $24.50.
Triumph Group Profile
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.
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