TrueNorth Inc. raised its stake in Triumph Group, Inc. (NYSE:TGI) by 21.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 57,878 shares of the aerospace company’s stock after purchasing an additional 10,315 shares during the period. TrueNorth Inc. owned 0.12% of Triumph Group worth $1,722,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also modified their holdings of the company. First Trust Advisors LP acquired a new stake in shares of Triumph Group during the third quarter worth about $672,000. Personal Capital Advisors Corp lifted its holdings in Triumph Group by 15.9% in the third quarter. Personal Capital Advisors Corp now owns 79,050 shares of the aerospace company’s stock valued at $2,352,000 after acquiring an additional 10,873 shares during the period. Alpha Windward LLC acquired a new position in Triumph Group in the third quarter valued at approximately $544,000. Dynamic Technology Lab Private Ltd acquired a new position in Triumph Group in the second quarter valued at approximately $1,536,000. Finally, Public Employees Retirement System of Ohio acquired a new position in Triumph Group in the second quarter valued at approximately $408,000. Institutional investors and hedge funds own 99.75% of the company’s stock.
A number of analysts have recently commented on the company. Canaccord Genuity reiterated a “hold” rating and set a $36.00 price target (up from $30.00) on shares of Triumph Group in a research report on Thursday. Cowen and Company restated a “hold” rating and issued a $30.00 target price on shares of Triumph Group in a report on Thursday. Royal Bank of Canada restated an “outperform” rating and issued a $41.00 target price (up from $38.00) on shares of Triumph Group in a report on Thursday. SunTrust Banks, Inc. upped their target price on Triumph Group to $34.00 and gave the company a “hold” rating in a report on Thursday. Finally, Robert W. Baird restated a “buy” rating and issued a $34.00 target price on shares of Triumph Group in a report on Thursday, October 12th. Three 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 assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $33.00.
Triumph Group, Inc. (TGI) traded down $0.30 on Friday, hitting $31.40. The stock had a trading volume of 426,400 shares, compared to its average volume of 804,971. The stock has a market cap of $1,540.00, a P/E ratio of 6.53, a P/E/G ratio of 0.78 and a beta of 1.76. The company has a current ratio of 1.87, a quick ratio of 0.36 and a debt-to-equity ratio of 1.65. Triumph Group, Inc. has a fifty-two week low of $19.65 and a fifty-two week high of $34.80.
Triumph Group (NYSE:TGI) last released its quarterly earnings results on Wednesday, November 8th. The aerospace company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.20. The firm had revenue of $745.16 million for the quarter, compared to the consensus estimate of $787.90 million. Triumph Group had a positive return on equity of 27.18% and a negative net margin of 3.18%. The firm’s quarterly revenue was down 14.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.00 EPS. analysts forecast that Triumph Group, Inc. will post 2.48 EPS for the current year.
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Triumph Group Company Profile
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