State of New Jersey Common Pension Fund D cut its position in Triumph Group Inc (NYSE:TGI) by 1.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 860,000 shares of the aerospace company’s stock after selling 10,000 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 1.73% of Triumph Group worth $20,038,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of TGI. SG Americas Securities LLC acquired a new position in Triumph Group in the 2nd quarter valued at $114,000. Trilogy Capital Inc. acquired a new stake in Triumph Group in the 2nd quarter worth $157,000. Private Capital Group LLC grew its position in Triumph Group by 1,189.7% in the 1st quarter. Private Capital Group LLC now owns 6,255 shares of the aerospace company’s stock worth $158,000 after purchasing an additional 5,770 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Triumph Group in the 2nd quarter worth $206,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Triumph Group in the 1st quarter worth $217,000.
Several research firms have issued reports on TGI. ValuEngine upgraded shares of Triumph Group from a “sell” rating to a “hold” rating in a research report on Monday, July 30th. Canaccord Genuity restated a “hold” rating and issued a $26.00 price target on shares of Triumph Group in a research report on Wednesday, August 8th. SunTrust Banks restated a “hold” rating and issued a $23.00 price target on shares of Triumph Group in a research report on Friday, July 20th. Bank of America decreased their price target on shares of Triumph Group from $29.00 to $24.00 and set an “underperform” rating on the stock in a research report on Wednesday, August 15th. Finally, Zacks Investment Research upgraded shares of Triumph Group from a “sell” rating to a “hold” rating in a research report on Tuesday. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $24.50.
NYSE:TGI opened at $18.65 on Friday. The stock has a market cap of $970.84 million, a PE ratio of 7.33, a price-to-earnings-growth ratio of 0.80 and a beta of 1.78. Triumph Group Inc has a 52 week low of $17.75 and a 52 week 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.
Triumph Group (NYSE:TGI) last released its quarterly earnings data on Wednesday, August 8th. The aerospace company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). The business had revenue of $832.90 million for the quarter, compared to the consensus estimate of $805.88 million. Triumph Group had a positive return on equity of 28.57% and a negative net margin of 15.20%. Triumph Group’s revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.24 earnings per share. On average, equities research analysts expect that Triumph Group Inc will post 1.85 EPS for the current 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.
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