Triumph Group Inc (TGI) Shares Bought by Royce & Associates LP

Royce & Associates LP lifted its position in Triumph Group Inc (NYSE:TGI) by 17.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 834,800 shares of the aerospace company’s stock after purchasing an additional 122,400 shares during the quarter. Royce & Associates LP owned about 1.68% of Triumph Group worth $19,451,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in TGI. Walthausen & Co. LLC purchased a new position in shares of Triumph Group in the third quarter worth about $24,533,000. BlackRock Inc. raised its stake in shares of Triumph Group by 9.5% in the second quarter. BlackRock Inc. now owns 9,187,465 shares of the aerospace company’s stock worth $180,074,000 after purchasing an additional 794,349 shares during the last quarter. Renaissance Technologies LLC purchased a new position in shares of Triumph Group in the second quarter worth about $10,945,000. Towle & Co. raised its stake in shares of Triumph Group by 37.3% in the second quarter. Towle & Co. now owns 2,007,264 shares of the aerospace company’s stock worth $39,342,000 after purchasing an additional 545,790 shares during the last quarter. Finally, Millennium Management LLC purchased a new position in shares of Triumph Group in the second quarter worth about $5,857,000.

Shares of TGI opened at $17.35 on Monday. The company has a current ratio of 1.33, a quick ratio of 0.87 and a debt-to-equity ratio of 3.16. The company has a market capitalization of $837.73 million, a price-to-earnings ratio of 6.86, a price-to-earnings-growth ratio of 1.36 and a beta of 1.88. Triumph Group Inc has a 12 month low of $15.73 and a 12 month high of $31.90.

Triumph Group (NYSE:TGI) last issued its quarterly earnings data on Thursday, November 8th. The aerospace company reported $0.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.01. The firm had revenue of $855.11 million for the quarter, compared to analysts’ expectations of $801.52 million. Triumph Group had a negative net margin of 14.98% and a positive return on equity of 68.14%. The company’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.52 earnings per share. Research analysts anticipate that Triumph Group Inc will post 1.77 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, December 15th. Shareholders of record on Friday, November 30th will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $0.16 annualized dividend and a yield of 0.92%. Triumph Group’s dividend payout ratio is 6.32%.

Several brokerages have recently issued reports on TGI. Canaccord Genuity restated a “hold” rating and issued a $26.00 price objective on shares of Triumph Group in a research note on Wednesday, August 8th. ValuEngine lowered Triumph Group from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. Bank of America dropped their target price on Triumph Group from $29.00 to $24.00 and set an “underperform” rating on the stock in a report on Wednesday, August 15th. UBS Group began coverage on Triumph Group in a report on Wednesday, August 15th. They set a “sell” rating and a $19.00 target price on the stock. Finally, Barclays dropped their target price on Triumph Group from $28.00 to $23.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 4th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. Triumph Group presently has a consensus rating of “Hold” and a consensus target price of $24.50.

In other Triumph Group news, Director Joseph Silvestri sold 5,000 shares of the company’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $22.00, for a total transaction of $110,000.00. Following the sale, the director now directly owns 107,662 shares of the company’s stock, valued at $2,368,564. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.50% of the stock is currently owned by corporate insiders.

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About Triumph Group

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

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