IMA Wealth Inc. Has $3.44 Million Stake in Triumph Group Inc (TGI)

IMA Wealth Inc. raised its stake in shares of Triumph Group Inc (NYSE:TGI) by 10.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 147,498 shares of the aerospace company’s stock after buying an additional 13,860 shares during the quarter. Triumph Group comprises 1.3% of IMA Wealth Inc.’s portfolio, making the stock its 23rd biggest position. IMA Wealth Inc. owned 0.30% of Triumph Group worth $3,437,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. MainStreet Investment Advisors LLC acquired a new position in shares of Triumph Group in the 3rd quarter valued at approximately $234,000. Bank of New York Mellon Corp grew its position in shares of Triumph Group by 5.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 883,881 shares of the aerospace company’s stock valued at $17,323,000 after purchasing an additional 49,400 shares during the period. Trilogy Capital Inc. acquired a new position in shares of Triumph Group in the 2nd quarter valued at approximately $157,000. Advisors Asset Management Inc. grew its position in shares of Triumph Group by 142.3% in the 2nd quarter. Advisors Asset Management Inc. now owns 91,541 shares of the aerospace company’s stock valued at $604,000 after purchasing an additional 53,758 shares during the period. Finally, Mutual Advisors LLC grew its position in shares of Triumph Group by 36.6% in the 2nd quarter. Mutual Advisors LLC now owns 66,400 shares of the aerospace company’s stock valued at $1,301,000 after purchasing an additional 17,800 shares during the period.

In other Triumph Group news, Director Joseph Silvestri sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $22.00, for a total transaction of $110,000.00. Following the completion of the transaction, the director now owns 107,662 shares of the company’s stock, valued at approximately $2,368,564. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.50% of the company’s stock.

NYSE:TGI traded down $0.60 during trading hours on Thursday, reaching $18.89. 2,012 shares of the stock were exchanged, compared to its average volume of 630,352. Triumph Group Inc has a twelve month low of $17.75 and a twelve month high of $34.58. The company has a quick ratio of 0.81, a current ratio of 1.23 and a debt-to-equity ratio of -6.64. The company has a market cap of $1.16 billion, a P/E ratio of 7.38, a price-to-earnings-growth ratio of 0.95 and a beta of 1.77.

Triumph Group (NYSE:TGI) last released its quarterly earnings results on Wednesday, August 8th. The aerospace company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). Triumph Group had a positive return on equity of 28.57% and a negative net margin of 15.20%. The firm had revenue of $832.90 million for the quarter, compared to analyst estimates of $805.88 million. During the same period last year, the company earned $0.24 EPS. The company’s revenue was up 6.5% compared to the same quarter last year. As a group, analysts anticipate that Triumph Group Inc will post 1.86 earnings per share for the current fiscal year.

TGI has been the subject of several research analyst reports. ValuEngine lowered Triumph Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd. Bank of America decreased their price objective on Triumph Group from $29.00 to $24.00 and set an “underperform” rating for the company in a research report on Wednesday, August 15th. Zacks Investment Research upgraded Triumph Group from a “sell” rating to a “hold” rating in a research report on Tuesday. SunTrust Banks reiterated a “hold” rating and issued a $23.00 price objective on shares of Triumph Group in a research report on Friday, July 20th. Finally, Barclays decreased their price objective on Triumph Group from $28.00 to $23.00 and set an “equal weight” rating for the company in a research report on Tuesday, September 4th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $24.50.

About Triumph Group

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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Institutional Ownership by Quarter for Triumph Group (NYSE:TGI)

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