Northern Trust Corp lessened its holdings in Triumph Group Inc (NYSE:TGI) by 0.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 596,506 shares of the aerospace company’s stock after selling 5,129 shares during the quarter. Northern Trust Corp’s holdings in Triumph Group were worth $6,860,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also made changes to their positions in the company. Advisor Group Inc. boosted its stake in shares of Triumph Group by 312.6% during the 4th quarter. Advisor Group Inc. now owns 2,393 shares of the aerospace company’s stock worth $28,000 after acquiring an additional 1,813 shares in the last quarter. Citigroup Inc. boosted its stake in shares of Triumph Group by 1,567.6% during the 4th quarter. Citigroup Inc. now owns 5,653 shares of the aerospace company’s stock worth $65,000 after acquiring an additional 5,314 shares in the last quarter. Riverhead Capital Management LLC boosted its stake in shares of Triumph Group by 44.5% during the 3rd quarter. Riverhead Capital Management LLC now owns 8,771 shares of the aerospace company’s stock worth $204,000 after acquiring an additional 2,700 shares in the last quarter. Blueshift Asset Management LLC purchased a new stake in shares of Triumph Group during the 4th quarter worth approximately $138,000. Finally, Raymond James Trust N.A. boosted its stake in shares of Triumph Group by 13.4% during the 4th quarter. Raymond James Trust N.A. now owns 15,192 shares of the aerospace company’s stock worth $175,000 after acquiring an additional 1,792 shares in the last quarter.
Several equities research analysts have recently commented on TGI shares. Bank of America raised Triumph Group from an “underperform” rating to a “buy” rating and boosted their price target for the stock from $20.00 to $35.00 in a research note on Monday, February 11th. Cowen raised Triumph Group from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $20.00 to $22.00 in a research note on Friday, January 25th. SunTrust Banks boosted their price target on Triumph Group to $25.00 and gave the stock a “hold” rating in a research note on Friday, February 8th. Finally, Zacks Investment Research lowered Triumph Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 10th. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $24.96.
Triumph Group (NYSE:TGI) last issued its quarterly earnings results on Thursday, February 7th. The aerospace company reported $0.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.04. The company had revenue of $807.90 million during the quarter, compared to the consensus estimate of $829.37 million. Triumph Group had a negative return on equity of 149.35% and a negative net margin of 12.41%. Triumph Group’s revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.76 EPS. Equities research analysts anticipate that Triumph Group Inc will post 1.72 earnings per share for the current fiscal year.
In other news, Director Joseph Silvestri sold 11,000 shares of the company’s stock in a transaction on Tuesday, February 12th. The stock was sold at an average price of $22.65, for a total transaction of $249,150.00. Following the completion of the sale, the director now directly owns 97,662 shares in the company, valued at approximately $2,212,044.30. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold a total of 66,853 shares of company stock valued at $1,578,285 over the last quarter. 1.50% of the stock is currently owned by insiders.
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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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