During the recent session, Triumph Group Inc. (NYSE:TGI)’s traded shares were 1.01 million, with the beta value of the company hitting 2.49. At the last check today, the stock’s price was $14.82, reflecting an intraday gain of 4.97% or $0.7. The 52-week high for the TGI share is $17.87, that puts it down -20.58 from that peak though still a striking 52.29% gain since the share price plummeted to a 52-week low of $7.07. The company’s market capitalization is $1.15B, and the average intraday trading volume over the past 10 days was 1.26 million shares, and the average trade volume was 939.92K shares over the past three months.
Triumph Group Inc. (TGI) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.67. TGI has a Sell rating from 0 analyst(s) out of 8 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 6 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.0.
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Triumph Group Inc. (NYSE:TGI) trade information
Triumph Group Inc. (TGI) registered a 4.97% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 4.97% in intraday trading to $14.82, hitting a weekly high. The stock’s 5-day price performance is 17.72%, and it has moved by 9.14% in 30 days. Based on these gigs, the overall price performance for the year is 94.76%. The short interest in Triumph Group Inc. (NYSE:TGI) is 8.62 million shares and it means that shorts have 10.77 day(s) to cover.
The consensus price target of analysts on Wall Street is $18, which implies an increase of 17.67% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $12 and $22 respectively. As a result, TGI is trading at a discount of -48.45% off the target high and 19.03% off the low.
Triumph Group Inc. (TGI) estimates and forecasts
Statistics show that Triumph Group Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Triumph Group Inc. (TGI) shares have gone up 9.14% during the last six months, with a year-to-date growth rate more than the industry average at 766.67% against 17.70. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -100.00% this quarter and then jump 168.80% in the quarter after that. In the rating firms’ projections, revenue will increase 1.80% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 283.18M as predicted by 8 analyst(s). Meanwhile, a consensus of 8 analyst(s) estimates revenue growth to 295.2M by the end of current fiscal year.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 40.48%. While earnings are projected to return 812.96% in 2024, the next five years will return 1.70% per annum.
TGI Dividends
Triumph Group Inc. is due to release its next quarterly earnings on 2024-Aug-07. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. The average dividend yield of the company for the last 5 years is 0.81%.
Triumph Group Inc. (NYSE:TGI)’s Major holders
Triumph Group Inc. insiders own 2.14% of total outstanding shares while institutional holders control 97.29%, with the float percentage being 99.42%. BLACKROCK INC. is the largest shareholder of the company, while 256.0 institutions own stock in it. As of 2024-06-30, the company held over 11.93 million shares (or 16.0892% of all shares), a total value of $183.84 million in shares.
The next largest institutional holding, with 6.82 million shares, is of VANGUARD GROUP INC’s that is approximately 9.1917% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $105.03 million.
Also, the Mutual Funds coming in first place with the largest holdings of Triumph Group Inc. (TGI) shares are iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund. Data provided on Aug 31, 2024 indicates that iShares Core S&P Smallcap ETF owns about 4.08 shares. This amounts to just over 5.27 percent of the company’s overall shares, with a $60.9 million market value. The same data shows that the other fund manager holds slightly less at 2.39, or about 3.09% of the stock, which is worth about $35.73 million.
