Insider Selling: Triumph Group Inc (TGI) Director Sells $110,000.00 in Stock

Triumph Group Inc (NYSE:TGI) Director Joseph Silvestri sold 5,000 shares of Triumph Group stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $22.00, for a total value of $110,000.00. Following the sale, the director now owns 107,662 shares of the company’s stock, valued at approximately $2,368,564. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

NYSE:TGI opened at $22.85 on Friday. The company has a market capitalization of $1.09 billion, a P/E ratio of 8.31, a PEG ratio of 0.89 and a beta of 1.78. Triumph Group Inc has a 1-year low of $17.75 and a 1-year 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.

Triumph Group (NYSE:TGI) last released its earnings results on Wednesday, August 8th. The aerospace company reported $0.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.02). The firm had revenue of $832.90 million during the quarter, compared to the consensus estimate of $805.88 million. Triumph Group had a positive return on equity of 28.57% and a negative net margin of 15.20%. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.24 EPS. equities analysts forecast that Triumph Group Inc will post 1.86 EPS for the current fiscal year.



The business also recently disclosed a quarterly dividend, which was paid on Saturday, September 15th. Shareholders of record on Friday, August 31st were given a $0.04 dividend. The ex-dividend date was Thursday, August 30th. This represents a $0.16 annualized dividend and a yield of 0.70%. Triumph Group’s payout ratio is currently 6.32%.

A number of hedge funds have recently made changes to their positions in TGI. Victory Capital Management Inc. bought a new stake in Triumph Group in the first quarter valued at approximately $17,351,000. Swiss National Bank lifted its position in Triumph Group by 4.6% in the first quarter. Swiss National Bank now owns 86,400 shares of the aerospace company’s stock valued at $2,177,000 after purchasing an additional 3,800 shares during the last quarter. Systematic Financial Management LP lifted its position in Triumph Group by 5.3% in the first quarter. Systematic Financial Management LP now owns 52,455 shares of the aerospace company’s stock valued at $1,322,000 after purchasing an additional 2,655 shares during the last quarter. Rockefeller Capital Management L.P. bought a new stake in Triumph Group in the first quarter valued at approximately $8,880,000. Finally, BlackRock Inc. lifted its position in Triumph Group by 3.6% in the first quarter. BlackRock Inc. now owns 8,393,116 shares of the aerospace company’s stock valued at $211,508,000 after purchasing an additional 293,938 shares during the last quarter.

A number of analysts have recently issued reports on TGI shares. 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. ValuEngine downgraded Triumph Group from a “hold” rating to a “sell” rating in a research report on Wednesday, June 27th. SunTrust Banks restated a “hold” rating and issued a $23.00 target price on shares of Triumph Group in a research report on Friday, July 20th. Barclays dropped their target price on Triumph Group from $28.00 to $23.00 and set an “equal weight” rating for the company in a research report on Tuesday, September 4th. Finally, Canaccord Genuity restated a “hold” rating and issued a $26.00 target price on shares of Triumph Group in a research report on Wednesday, August 8th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $26.00.

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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