Thrivent Financial for Lutherans raised its stake in Triumph Group Inc (NYSE:TGI) by 5.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 41,976 shares of the aerospace company’s stock after purchasing an additional 2,096 shares during the quarter. Thrivent Financial for Lutherans owned about 0.08% of Triumph Group worth $284,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in TGI. Swiss National Bank increased its holdings in shares of Triumph Group by 2.1% during the 4th quarter. Swiss National Bank now owns 95,800 shares of the aerospace company’s stock worth $2,421,000 after buying an additional 2,000 shares during the last quarter. Bank of Montreal Can increased its stake in Triumph Group by 26.8% during the fourth quarter. Bank of Montreal Can now owns 9,078 shares of the aerospace company’s stock worth $229,000 after acquiring an additional 1,917 shares during the last quarter. Prudential Financial Inc. raised its holdings in shares of Triumph Group by 2.2% in the 4th quarter. Prudential Financial Inc. now owns 80,530 shares of the aerospace company’s stock worth $2,035,000 after purchasing an additional 1,700 shares during the period. Sasco Capital Inc. CT lifted its stake in shares of Triumph Group by 32.8% in the 4th quarter. Sasco Capital Inc. CT now owns 34,061 shares of the aerospace company’s stock valued at $861,000 after purchasing an additional 8,421 shares in the last quarter. Finally, Great West Life Assurance Co. Can purchased a new stake in shares of Triumph Group during the 4th quarter worth about $1,575,000. 99.27% of the stock is owned by institutional investors.
A number of research analysts have weighed in on the stock. Cowen reaffirmed a “hold” rating and set a $5.00 price target on shares of Triumph Group in a research report on Thursday, May 28th. UBS Group decreased their price target on shares of Triumph Group from $17.50 to $7.00 and set a “neutral” rating for the company in a research report on Friday, April 17th. Barclays reiterated a “sell” rating on shares of Triumph Group in a report on Monday, March 23rd. Canaccord Genuity reduced their price objective on Triumph Group from $12.00 to $11.00 and set a “hold” rating on the stock in a research note on Friday, May 29th. Finally, Bank of America increased their target price on Triumph Group and gave the company a “buy” rating in a research note on Monday, March 23rd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $12.17.
Shares of TGI stock opened at $9.96 on Wednesday. The company’s fifty day moving average price is $8.28 and its two-hundred day moving average price is $14.50. The firm has a market capitalization of $436.98 million, a P/E ratio of -19.53, a P/E/G ratio of 7.93 and a beta of 2.71. Triumph Group Inc has a 12 month low of $3.02 and a 12 month high of $29.38.
Triumph Group (NYSE:TGI) last announced its earnings results on Thursday, May 28th. The aerospace company reported $0.69 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.05. The business had revenue of $693.10 million for the quarter, compared to analyst estimates of $660.10 million. Triumph Group had a negative return on equity of 20.55% and a negative net margin of 0.97%. The company’s revenue for the quarter was down 20.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.15 earnings per share. Research analysts predict that Triumph Group Inc will post 0.41 EPS for the current fiscal year.
Triumph Group Company Profile
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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