Mondrian Investment Partners LTD decreased its stake in Triumph Group Inc (NYSE:TGI) by 24.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 109,904 shares of the aerospace company’s stock after selling 35,892 shares during the period. Mondrian Investment Partners LTD’s holdings in Triumph Group were worth $2,515,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Private Capital Group LLC increased its holdings in shares of Triumph Group by 415.4% in the 2nd quarter. Private Capital Group LLC now owns 6,443 shares of the aerospace company’s stock worth $126,000 after buying an additional 5,193 shares during the last quarter. Bank of Montreal Can grew its holdings in shares of Triumph Group by 134.4% during the 2nd quarter. Bank of Montreal Can now owns 7,968 shares of the aerospace company’s stock valued at $183,000 after purchasing an additional 4,569 shares during the last quarter. Emerald Advisers LLC bought a new position in shares of Triumph Group during the 2nd quarter valued at $204,000. Campbell & CO Investment Adviser LLC grew its holdings in shares of Triumph Group by 56.3% during the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 13,686 shares of the aerospace company’s stock valued at $313,000 after purchasing an additional 4,928 shares during the last quarter. Finally, Ellington Management Group LLC bought a new position in shares of Triumph Group during the 2nd quarter valued at $318,000.
Several research firms recently commented on TGI. ValuEngine lowered shares of Triumph Group from a “sell” rating to a “strong sell” rating in a report on Thursday, October 10th. Cowen reaffirmed a “hold” rating and set a $22.00 target price on shares of Triumph Group in a report on Thursday. Finally, Barclays lowered shares of Triumph Group from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $23.00 to $20.00 in a report on Friday, August 23rd. Two equities research 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’s stock. Triumph Group has a consensus rating of “Hold” and an average target price of $23.58.
Shares of NYSE:TGI traded up $1.34 on Friday, hitting $27.70. The company had a trading volume of 971,665 shares, compared to its average volume of 588,961. The firm’s 50-day simple moving average is $21.80 and its two-hundred day simple moving average is $22.00. Triumph Group Inc has a 1 year low of $11.16 and a 1 year high of $28.15. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 11.12, a P/E/G ratio of 1.88 and a beta of 2.75.
Triumph Group (NYSE:TGI) last issued its quarterly earnings results on Thursday, November 7th. The aerospace company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.04. Triumph Group had a negative net margin of 6.96% and a negative return on equity of 29.65%. The company had revenue of $772.10 million during the quarter, compared to analysts’ expectations of $717.39 million. During the same period last year, the company posted $0.40 EPS. Triumph Group’s revenue was down 9.7% on a year-over-year basis. As a group, research analysts forecast that Triumph Group Inc will post 2.54 EPS for the current fiscal year.
Triumph Group 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.
Read More: Book Value Of Equity Per Share – BVPS Explained
Want to see what other hedge funds are holding TGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Triumph Group Inc (NYSE:TGI).
Receive News & Ratings for Triumph Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Triumph Group and related companies with MarketBeat.com's FREE daily email newsletter.