Texas Permanent School Fund increased its holdings in Triumph Group Inc (NYSE:TGI) by 4.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,611 shares of the aerospace company’s stock after purchasing an additional 1,269 shares during the period. Texas Permanent School Fund owned 0.07% of Triumph Group worth $375,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Raymond James Trust N.A. increased its stake in Triumph Group by 13.4% in 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 during the last quarter. Riverhead Capital Management LLC increased its stake in Triumph Group by 44.5% in 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 during the last quarter. Fox Run Management L.L.C. bought a new stake in Triumph Group in the 4th quarter worth approximately $213,000. Oregon Public Employees Retirement Fund bought a new stake in Triumph Group in the 4th quarter worth approximately $218,000. Finally, Hsbc Holdings PLC bought a new stake in Triumph Group in the 3rd quarter worth approximately $380,000.
Several equities analysts have recently weighed in on TGI shares. UBS Group raised Triumph Group from a “sell” rating to a “neutral” rating and cut their target price for the company from $19.00 to $14.50 in a research report on Monday, December 17th. SunTrust Banks boosted their target price on Triumph Group to $25.00 and gave the company a “hold” rating in a research report on Friday, February 8th. Bank of America raised Triumph Group from an “underperform” rating to a “buy” rating and boosted their target price for the company from $20.00 to $35.00 in a research report on Monday, February 11th. Zacks Investment Research downgraded Triumph Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 10th. Finally, Cowen downgraded Triumph Group from an “outperform” rating to a “market perform” rating and set a $22.15 target price on the stock. in a research report on Monday, February 11th. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Triumph Group currently has a consensus rating of “Hold” and an average price target of $24.96.
Triumph Group (NYSE:TGI) last announced its quarterly earnings data on Thursday, February 7th. The aerospace company reported $0.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.04. The company had revenue of $807.90 million for 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 quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.76 EPS. On average, equities analysts anticipate that Triumph Group Inc will post 1.72 EPS for the current year.
In other Triumph Group news, Director Joseph Silvestri sold 22,000 shares of the company’s stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $23.10, for a total value of $508,200.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders sold a total of 66,853 shares of company stock worth $1,578,285 in the last ninety days. 1.50% of the stock is currently owned by corporate insiders.
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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