Quantitative Systematic Strategies LLC bought a new position in Triumph Group Inc. (NYSE:TGI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 5,950 shares of the company’s stock, valued at approximately $203,000.
Other hedge funds also recently added to or reduced their stakes in the company. Aperio Group LLC boosted its stake in Triumph Group by 156.8% in the first quarter. Aperio Group LLC now owns 29,258 shares of the company’s stock worth $921,000 after buying an additional 17,865 shares during the period. Nisa Investment Advisors L.L.C. boosted its stake in Triumph Group by 31.6% in the first quarter. Nisa Investment Advisors L.L.C. now owns 20,800 shares of the company’s stock worth $655,000 after buying an additional 5,000 shares during the period. Los Angeles Capital Management & Equity Research Inc. bought a new stake in Triumph Group during the first quarter worth approximately $1,298,000. TIAA CREF Investment Management LLC boosted its stake in Triumph Group by 18.9% in the first quarter. TIAA CREF Investment Management LLC now owns 786,138 shares of the company’s stock worth $24,748,000 after buying an additional 125,050 shares during the period. Finally, Prudential Financial Inc. boosted its stake in Triumph Group by 23.2% in the first quarter. Prudential Financial Inc. now owns 431,287 shares of the company’s stock worth $13,577,000 after buying an additional 81,100 shares during the period. Institutional investors own 99.48% of the company’s stock.
Shares of Triumph Group Inc. (NYSE:TGI) traded down 0.62% during midday trading on Monday, reaching $23.95. 645,408 shares of the company traded hands. The stock’s market capitalization is $1.19 billion. Triumph Group Inc. has a 1-year low of $22.94 and a 1-year high of $47.28. The stock’s 50-day moving average is $28.64 and its 200-day moving average is $33.56.
Triumph Group (NYSE:TGI) last announced its quarterly earnings results on Thursday, July 28th. The company reported $1.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.10. The company had revenue of $893.30 million for the quarter, compared to analyst estimates of $896.80 million. Triumph Group had a negative net margin of 28.46% and a positive return on equity of 15.92%. The firm’s revenue was down 6.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.31 earnings per share. Equities analysts predict that Triumph Group Inc. will post $3.32 EPS for the current fiscal year.
A number of analysts recently commented on TGI shares. Zacks Investment Research cut shares of Triumph Group from a “hold” rating to a “sell” rating in a research note on Monday, July 18th. Standpoint Research reiterated a “buy” rating on shares of Triumph Group in a research note on Wednesday, July 27th. Jefferies Group lowered their target price on shares of Triumph Group from $54.00 to $44.00 and set a “buy” rating for the company in a research note on Friday, July 29th. JPMorgan Chase & Co. decreased their price objective on shares of Triumph Group from $42.00 to $40.00 and set a “neutral” rating for the company in a research note on Friday, July 29th. Finally, Credit Suisse Group AG restated a “buy” rating and set a $44.00 price objective on shares of Triumph Group in a research note on Friday, July 29th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $43.46.
About Triumph Group
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