Triumph Group, Inc. (NYSE:TGI):
SHAREHOLDER ALERT: Purcell Julie & Lefkowitz LLP Is Investigating Triumph Group, Inc. for Potential Breaches Of Fiduciary Duty By Its Board of Directors.
In the market the company is trading down from yesterday’s close of $34.5.
Triumph Group, Inc. declared a dividend that will be paid on Thursday the 15th of June 2017. The dividend will be $0.040 per share for the quarter which comes to $0.16 on an annualized basis. This dividend represents a yield of $0.48. The ex-dividend date will be Tuesday May 30th, 2017.
Triumph Group, Inc. (Triumph), launched on March 11, 1993, designs, engineers, manufactures, repairs, overhauls and distributes a portfolio of aerostructures, aircraft components, accessories, subassemblies and systems. The Company serves a spectrum of the aviation industry, including original equipment manufacturers (OEMs) of commercial, regional, business and military aircraft and aircraft components, as well as commercial and regional airlines and air cargo carriers. 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 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..
Company chares are trading at $33.15 slightly over $27.29, the 50 day moving average and a tad higher than the 200 day moving average of $26.73. The 50 day moving average went up $5.86 or +21.49% whereas the 200 day moving average was up $6.42 or +24.02%.
In the latest earnings report the EPS was $-0.87 and is projected to be $3.71 for the current year with 49,579,000 shares now outstanding. Next quarter’s EPS is expected be $0.88 with next year’s EPS projected to be $4.05.
Several brokerage analysts have released opinions on Triumph Group, Inc. recently. On May 25, 2017 the stock rating was set at “Reduce” in a report from Standpoint Research which was a cut from the previous “” rating. On May 16 the company was upgraded to “Outperform” from “Underperform” in a report issued by Baird.
On November 15 the stock rating was downgraded from “Buy” to “Hold” in a report from Deutsche Bank. On October 28, 2016 Vertical Research started covering the stock setting a rating of “Sell”.
On October 6 analysts at Baird started coverage giving it an initial rating of “Underperform” and projecting a price target of $24.00. On February 22 the company was rated “Buy” by Bank of America a boost from the previous “Underperform” rating.