Great West Life Assurance Co. Can Has $2.01 Million Stake in Triumph Group Inc (TGI)

Great West Life Assurance Co. Can reduced its stake in shares of Triumph Group Inc (NYSE:TGI) by 6.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 66,707 shares of the aerospace company’s stock after selling 4,739 shares during the quarter. Great West Life Assurance Co. Can owned 0.13% of Triumph Group worth $2,011,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Aperio Group LLC boosted its stake in Triumph Group by 66.2% in the second quarter. Aperio Group LLC now owns 24,560 shares of the aerospace company’s stock valued at $776,000 after buying an additional 9,787 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in Triumph Group by 3.6% in the second quarter. Municipal Employees Retirement System of Michigan now owns 11,700 shares of the aerospace company’s stock valued at $370,000 after buying an additional 410 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in Triumph Group by 6.5% in the second quarter. Janney Montgomery Scott LLC now owns 15,405 shares of the aerospace company’s stock valued at $487,000 after buying an additional 934 shares in the last quarter. Sei Investments Co. boosted its stake in Triumph Group by 51.6% in the second quarter. Sei Investments Co. now owns 5,279 shares of the aerospace company’s stock valued at $167,000 after buying an additional 1,796 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in Triumph Group by 118.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 570,890 shares of the aerospace company’s stock valued at $18,041,000 after buying an additional 309,588 shares in the last quarter. 99.77% of the stock is currently owned by institutional investors.

In other news, Director Joseph Silvestri sold 34,162 shares of the firm’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $30.31, for a total transaction of $1,035,450.22. Following the completion of the transaction, the director now directly owns 109,078 shares in the company, valued at $3,306,154.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Daniel J. Crowley sold 78,900 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $31.35, for a total value of $2,473,515.00. The disclosure for this sale can be found here. 2.80% of the stock is owned by company insiders.

Triumph Group Inc (NYSE TGI) traded up $0.60 during trading on Monday, reaching $27.25. The company’s stock had a trading volume of 1,423,900 shares, compared to its average volume of 777,172. Triumph Group Inc has a 1 year low of $19.65 and a 1 year high of $34.80. The company has a quick ratio of 0.42, a current ratio of 1.87 and a debt-to-equity ratio of 1.65. The company has a market capitalization of $1,352.88, a P/E ratio of 5.61, a PEG ratio of 0.67 and a beta of 1.76.

Triumph Group (NYSE:TGI) last issued its quarterly earnings data on Wednesday, November 8th. The aerospace company reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.20. Triumph Group had a positive return on equity of 27.18% and a negative net margin of 3.18%. The company had revenue of $745.16 million during the quarter, compared to the consensus estimate of $787.90 million. During the same period last year, the company earned $1.00 earnings per share. The firm’s revenue was down 14.8% compared to the same quarter last year. equities research analysts forecast that Triumph Group Inc will post 2.48 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.59%. Triumph Group’s dividend payout ratio (DPR) is -7.51%.

TGI has been the topic of several research analyst reports. Canaccord Genuity reaffirmed a “hold” rating and issued a $36.00 price objective (up from $30.00) on shares of Triumph Group in a research note on Thursday, November 9th. Cowen reiterated a “hold” rating and issued a $30.00 target price on shares of Triumph Group in a research report on Thursday, November 9th. Royal Bank of Canada reiterated a “buy” rating and issued a $33.00 target price on shares of Triumph Group in a research report on Friday, September 1st. Robert W. Baird reiterated a “buy” rating and issued a $34.00 target price on shares of Triumph Group in a research report on Friday, September 8th. Finally, Bank of America reiterated an “underperform” rating and issued a $27.00 target price (down from $30.00) on shares of Triumph Group in a research report on Saturday, August 26th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $33.11.

ILLEGAL ACTIVITY WARNING: This news story was originally published by Community Financial News and is the sole property of of Community Financial News. If you are reading this news story on another domain, it was copied illegally and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this news story can be read at https://www.com-unik.info/2017/12/18/great-west-life-assurance-co-can-has-2-01-million-stake-in-triumph-group-inc-tgi.html.

Triumph Group Profile

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

Receive News & Ratings for Triumph Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Triumph Group and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit