OppenheimerFunds Inc. reduced its stake in Triumph Group Inc (NYSE:TGI) by 6.1% during the 4th quarter, Holdings Channel reports. The firm owned 77,527 shares of the aerospace company’s stock after selling 4,998 shares during the period. OppenheimerFunds Inc.’s holdings in Triumph Group were worth $2,109,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently added to or reduced their stakes in TGI. Public Employees Retirement System of Ohio acquired a new position in shares of Triumph Group in the second quarter valued at $408,000. First Trust Advisors LP acquired a new position in shares of Triumph Group in the third quarter valued at $672,000. Crossmark Global Holdings Inc. acquired a new position in shares of Triumph Group in the third quarter valued at $305,000. American Century Companies Inc. increased its holdings in shares of Triumph Group by 10.9% in the third quarter. American Century Companies Inc. now owns 213,424 shares of the aerospace company’s stock valued at $6,349,000 after purchasing an additional 20,973 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of Triumph Group by 1.1% in the third quarter. Principal Financial Group Inc. now owns 381,348 shares of the aerospace company’s stock valued at $11,345,000 after purchasing an additional 4,244 shares during the last quarter.
Triumph Group Inc (NYSE:TGI) opened at $28.80 on Monday. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.84 and a quick ratio of 0.42. Triumph Group Inc has a one year low of $19.65 and a one year high of $34.80. The company has a market cap of $1,430.55, a PE ratio of -5.75, a P/E/G ratio of 0.95 and a beta of 1.69.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $0.16 annualized dividend and a yield of 0.56%. Triumph Group’s dividend payout ratio is -3.19%.
Several equities analysts recently commented on TGI shares. Royal Bank of Canada set a $39.00 price target on shares of Triumph Group and gave the company a “buy” rating in a research note on Wednesday, November 15th. TheStreet downgraded shares of Triumph Group from a “c-” rating to a “d+” rating in a research note on Wednesday, December 27th. Finally, Zacks Investment Research downgraded shares of Triumph Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 10th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $32.80.
About Triumph Group
Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls and distributes a portfolio of aircraft components, accessories, subassemblies and systems. The Company offers a range of products and services to the aerospace industry through three segments: Triumph Aerostructures Group, whose companies are engaged in the design, manufacture, assembly and integration of metallic and composite aerostructures and structural components for the aerospace original equipment manufacturer (OEM) market; Triumph Aerospace Systems Group, whose companies design, engineer and manufacture a range of build-to-print components, assemblies and systems also for the OEM market, and Triumph Aftermarket Services Group, whose companies serve aircraft fleets, such as commercial airlines, the United States military and cargo carriers, through the maintenance, repair and overhaul (MRO) of aircraft components and accessories manufactured by third parties.
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