First Quadrant L P CA purchased a new position in shares of Triumph Group Inc (NYSE:TGI) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 32,100 shares of the aerospace company’s stock, valued at approximately $289,000. First Quadrant L P CA owned 0.06% of Triumph Group at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in TGI. Advisor Group Holdings Inc. purchased a new position in shares of Triumph Group during the 1st quarter worth $45,000. Nisa Investment Advisors LLC lifted its stake in Triumph Group by 216.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 7,910 shares of the aerospace company’s stock worth $71,000 after acquiring an additional 5,410 shares in the last quarter. Jane Street Group LLC acquired a new position in Triumph Group during the 1st quarter worth about $79,000. First Hawaiian Bank acquired a new position in Triumph Group during the 1st quarter worth about $99,000. Finally, Paloma Partners Management Co acquired a new position in Triumph Group during the 1st quarter worth about $107,000. Institutional investors and hedge funds own 98.70% of the company’s stock.
TGI stock opened at $6.78 on Friday. Triumph Group Inc has a 1 year low of $3.02 and a 1 year high of $29.38. The firm has a market capitalization of $351.87 million, a P/E ratio of 2.73, a P/E/G ratio of 434.62 and a beta of 2.75. The business’s 50-day moving average is $8.66 and its two-hundred day moving average is $11.66.
Triumph Group (NYSE:TGI) last issued its earnings results on Thursday, May 28th. The aerospace company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.05. Triumph Group had a negative return on equity of 20.55% and a negative net margin of 0.97%. The business had revenue of $693.10 million for the quarter, compared to analyst estimates of $660.10 million. During the same quarter last year, the company earned $1.15 EPS. The business’s quarterly revenue was down 20.2% on a year-over-year basis. On average, equities analysts anticipate that Triumph Group Inc will post 0.01 earnings per share for the current fiscal year.
Several equities analysts recently issued reports on TGI shares. SunTrust Banks lowered Triumph Group from a “hold” rating to a “sell” rating and set a $5.00 target price on the stock. in a research note on Wednesday, July 15th. Cowen reissued a “hold” rating and set a $5.00 target price on shares of Triumph Group in a research note on Thursday, May 28th. UBS Group reduced their price target on Triumph Group from $17.50 to $7.00 and set a “neutral” rating on the stock in a research report on Friday, April 17th. Canaccord Genuity reduced their price target on Triumph Group from $12.00 to $11.00 and set a “hold” rating on the stock in a research report on Friday, May 29th. Finally, ValuEngine raised Triumph Group from a “strong sell” rating to a “sell” rating in a research report on Thursday, July 2nd. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $8.83.
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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