Personal Capital Advisors Corp lifted its holdings in shares of Triumph Group, Inc. (NYSE:TGI) by 15.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 79,050 shares of the aerospace company’s stock after buying an additional 10,873 shares during the period. Personal Capital Advisors Corp owned approximately 0.16% of Triumph Group worth $2,352,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the stock. Alpha Windward LLC bought a new position in shares of Triumph Group in the third quarter valued at $544,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Triumph Group in the second quarter valued at $1,536,000. Public Employees Retirement System of Ohio bought a new position in shares of Triumph Group in the second quarter valued at $408,000. Koch Industries Inc. bought a new position in shares of Triumph Group in the second quarter valued at $273,000. Finally, Piedmont Investment Advisors LLC bought a new position in shares of Triumph Group in the second quarter valued at $339,000. 99.75% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have issued reports on TGI shares. Canaccord Genuity reissued a “hold” rating and set a $34.00 target price on shares of Triumph Group in a research note on Thursday, July 20th. Jefferies Group LLC cut shares of Triumph Group from a “buy” rating to a “hold” rating and set a $37.00 price target on the stock. in a report on Monday, July 24th. Cowen and Company restated a “market perform” rating and set a $24.00 price target (down from $32.00) on shares of Triumph Group in a report on Thursday, July 27th. TheStreet upgraded shares of Triumph Group from a “d+” rating to a “c-” rating in a report on Wednesday, July 26th. Finally, Royal Bank of Canada restated a “buy” rating and set a $33.00 price target on shares of Triumph Group in a report on Friday, July 28th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $33.00.
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Shares of Triumph Group, Inc. (NYSE TGI) traded down $0.30 on Friday, hitting $31.40. 426,400 shares of the stock were exchanged, compared to its average volume of 804,971. The firm has a market capitalization of $1,540.00, a price-to-earnings ratio of 6.53, a P/E/G ratio of 0.78 and a beta of 1.76. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.87 and a quick ratio of 0.36. Triumph Group, Inc. has a 1-year low of $19.65 and a 1-year high of $34.80.
Triumph Group (NYSE:TGI) last announced its quarterly earnings data on Wednesday, November 8th. The aerospace company reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.20. The business had revenue of $745.16 million during the quarter, compared to analyst estimates of $787.90 million. Triumph Group had a negative net margin of 3.18% and a positive return on equity of 27.18%. The firm’s revenue for the quarter was down 14.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.00 earnings per share. equities research analysts predict that Triumph Group, Inc. will post 2.48 earnings per share for the current year.
About Triumph Group
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