Northern Trust Corp grew its holdings in Triumph Group, Inc. (NYSE:TGI) by 1.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 624,690 shares of the aerospace company’s stock after purchasing an additional 8,236 shares during the period. Northern Trust Corp owned approximately 1.26% of Triumph Group worth $19,741,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Riverhead Capital Management LLC raised its position in shares of Triumph Group by 56.8% in the second quarter. Riverhead Capital Management LLC now owns 3,763 shares of the aerospace company’s stock valued at $119,000 after purchasing an additional 1,363 shares during the period. Thompson Siegel & Walmsley LLC bought a new stake in Triumph Group during the 2nd quarter worth approximately $149,000. Sei Investments Co. increased its holdings in Triumph Group by 51.6% during the 2nd quarter. Sei Investments Co. now owns 5,279 shares of the aerospace company’s stock worth $167,000 after acquiring an additional 1,796 shares during the period. Acadian Asset Management LLC bought a new stake in Triumph Group during the 2nd quarter worth approximately $171,000. Finally, KCG Holdings Inc. bought a new stake in Triumph Group during the 1st quarter worth approximately $201,000. 99.75% of the stock is currently owned by institutional investors.
A number of analysts recently weighed in on TGI shares. Canaccord Genuity reaffirmed a “hold” rating and set a $34.00 target price on shares of Triumph Group in a report on Thursday, July 20th. Jefferies Group LLC lowered 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 reissued a “market perform” rating and issued a $24.00 price target (down previously from $32.00) on shares of Triumph Group in a report on Thursday, July 27th. TheStreet raised shares of Triumph Group from a “d+” rating to a “c-” rating in a research note on Wednesday, July 26th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $33.00 price objective on shares of Triumph Group in a research note on Friday, July 28th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $33.00.
Triumph Group, Inc. (TGI) traded down $0.30 during trading on Friday, hitting $31.40. 426,400 shares of the stock traded hands, compared to its average volume of 804,971. Triumph Group, Inc. has a 52-week low of $19.65 and a 52-week high of $34.80. The company has a market capitalization of $1,540.00, a PE 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 quick ratio of 0.36 and a current ratio of 1.87.
Triumph Group (NYSE:TGI) last announced its quarterly earnings results on Wednesday, November 8th. The aerospace company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.20. Triumph Group had a negative net margin of 3.18% and a positive return on equity of 27.18%. The company had revenue of $745.16 million for the quarter, compared to analysts’ expectations of $787.90 million. During the same quarter in the previous year, the business posted $1.00 earnings per share. Triumph Group’s quarterly revenue was down 14.8% on a year-over-year basis. sell-side analysts expect that Triumph Group, Inc. will post 2.48 earnings per share for the current fiscal year.
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Triumph Group Company Profile
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