Victory Capital Management Inc. Acquires Shares of 1,065,737 Triumph Group Inc (TGI)

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Victory Capital Management Inc. acquired a new stake in shares of Triumph Group Inc (NYSE:TGI) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,065,737 shares of the aerospace company’s stock, valued at approximately $20,313,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Prudential PLC raised its position in shares of Triumph Group by 10.2% in the fourth quarter. Prudential PLC now owns 1,115,500 shares of the aerospace company’s stock valued at $12,828,000 after buying an additional 103,700 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Triumph Group by 8.1% in the third quarter. Bank of New York Mellon Corp now owns 955,395 shares of the aerospace company’s stock valued at $22,260,000 after buying an additional 71,514 shares during the last quarter. State of New Jersey Common Pension Fund D raised its position in shares of Triumph Group by 4.7% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 900,000 shares of the aerospace company’s stock valued at $10,350,000 after buying an additional 40,000 shares during the last quarter. Royce & Associates LP raised its position in shares of Triumph Group by 5.6% in the fourth quarter. Royce & Associates LP now owns 881,610 shares of the aerospace company’s stock valued at $10,139,000 after buying an additional 46,810 shares during the last quarter. Finally, New York State Common Retirement Fund raised its position in shares of Triumph Group by 1,289.8% in the fourth quarter. New York State Common Retirement Fund now owns 754,668 shares of the aerospace company’s stock valued at $8,679,000 after buying an additional 700,368 shares during the last quarter.

A number of equities research analysts have recently commented on TGI shares. SunTrust Banks increased their target price on shares of Triumph Group to $25.00 and gave the company a “hold” rating in a research report on Friday, February 8th. Cowen cut shares of Triumph Group from an “outperform” rating to a “market perform” rating and set a $22.15 price objective for the company. in a research report on Monday, February 11th. Bank of America upgraded shares of Triumph Group from an “underperform” rating to a “buy” rating and raised their price objective for the stock from $20.00 to $35.00 in a research report on Monday, February 11th. Zacks Investment Research upgraded shares of Triumph Group from a “sell” rating to a “hold” rating and set a $25.00 price objective for the company in a research report on Monday, February 11th. Finally, ValuEngine cut shares of Triumph Group from a “hold” rating to a “sell” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $24.66.

In other Triumph Group news, Director Joseph Silvestri sold 22,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 28th. The shares were sold at an average price of $23.10, for a total transaction of $508,200.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.50% of the stock is owned by insiders.

Triumph Group stock opened at $20.75 on Friday. Triumph Group Inc has a 12-month low of $11.16 and a 12-month high of $26.00. The stock has a market cap of $1.03 billion, a P/E ratio of 8.98, a PEG ratio of 1.66 and a beta of 2.77.

Triumph Group (NYSE:TGI) last announced its quarterly earnings results on Wednesday, May 8th. The aerospace company reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.47. Triumph Group had a negative net margin of 9.56% and a negative return on equity of 35.34%. The business had revenue of $869.03 million during the quarter, compared to analysts’ expectations of $842.57 million. During the same period last year, the business earned $1.01 earnings per share. The business’s revenue for the quarter was down 3.1% on a year-over-year basis. Analysts predict that Triumph Group Inc will post 2.58 EPS for the current year.

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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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Institutional Ownership by Quarter for Triumph Group (NYSE:TGI)

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