Rockefeller Financial Services Inc. boosted its stake in Triumph Group, Inc. (NYSE:TGI) by 3.1% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 270,100 shares of the aerospace company’s stock after buying an additional 8,127 shares during the period. Rockefeller Financial Services Inc. owned approximately 0.54% of Triumph Group worth $8,535,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of Montreal Can boosted its position in Triumph Group by 8.0% in the first quarter. Bank of Montreal Can now owns 5,252 shares of the aerospace company’s stock valued at $135,000 after buying an additional 391 shares during the period. State of Alaska Department of Revenue purchased a new position in Triumph Group during the first quarter valued at approximately $140,000. FNY Managed Accounts LLC purchased a new position in Triumph Group during the first quarter valued at approximately $154,000. KCG Holdings Inc. purchased a new position in Triumph Group during the first quarter valued at approximately $201,000. Finally, Wayne Hummer Investments L.L.C. purchased a new position in Triumph Group during the first quarter valued at approximately $219,000. Hedge funds and other institutional investors own 99.86% of the company’s stock.
Triumph Group, Inc. (NYSE:TGI) traded up 0.54% during mid-day trading on Friday, reaching $27.95. 660,109 shares of the company traded hands. Triumph Group, Inc. has a one year low of $19.65 and a one year high of $34.80. The firm’s market cap is $1.39 billion. The stock’s 50-day moving average price is $30.31 and its 200-day moving average price is $27.77.
Triumph Group (NYSE:TGI) last posted its earnings results on Wednesday, July 26th. The aerospace company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by $0.63. The company had revenue of $781.70 million during the quarter, compared to the consensus estimate of $804.26 million. Triumph Group had a positive return on equity of 28.96% and a negative net margin of 1.89%. The firm’s revenue was down 12.5% compared to the same quarter last year. During the same period last year, the company posted $1.04 EPS. Analysts forecast that Triumph Group, Inc. will post $1.83 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be issued a $0.04 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.57%. Triumph Group’s dividend payout ratio (DPR) is currently -12.12%.
COPYRIGHT VIOLATION NOTICE: This article was originally posted by BNB Daily and is the sole property of of BNB Daily. If you are accessing this article on another site, it was illegally stolen and reposted in violation of United States & international trademark & copyright law. The legal version of this article can be viewed at https://www.baseball-news-blog.com/2017/08/13/triumph-group-inc-nysetgi-stake-boosted-by-rockefeller-financial-services-inc-updated-updated-updated.html.
Several research analysts have commented on TGI shares. Royal Bank Of Canada restated a “buy” rating and issued a $35.00 target price on shares of Triumph Group in a research report on Tuesday, April 18th. Jefferies Group LLC set a $29.00 target price on shares of Triumph Group and gave the stock a “buy” rating in a research report on Saturday, May 6th. ValuEngine upgraded shares of Triumph Group from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. TheStreet upgraded shares of Triumph Group from a “d+” rating to a “c-” rating in a research report on Wednesday, July 26th. Finally, Canaccord Genuity upped their target price on shares of Triumph Group from $30.00 to $34.00 and gave the stock a “hold” rating in a research report on Thursday, May 25th. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $29.64.
About Triumph Group
Receive News & Ratings for Triumph Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Triumph Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.