Assenagon Asset Management S.A. bought a new position in shares of Triumph Group Inc (NYSE:TGI) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 14,988 shares of the aerospace company’s stock, valued at approximately $135,000.
Several other hedge funds have also made changes to their positions in TGI. Advisor Group Holdings Inc. bought a new stake in shares of Triumph Group during the first quarter worth $45,000. Jane Street Group LLC bought a new stake in shares of Triumph Group during the first quarter worth $79,000. First Hawaiian Bank acquired a new position in shares of Triumph Group during the first quarter valued at $99,000. Paloma Partners Management Co acquired a new position in shares of Triumph Group during the first quarter valued at $107,000. Finally, SG Americas Securities LLC lifted its stake in shares of Triumph Group by 98.9% during the first quarter. SG Americas Securities LLC now owns 18,586 shares of the aerospace company’s stock valued at $126,000 after acquiring an additional 9,243 shares during the period. Institutional investors own 98.70% of the company’s stock.
Several brokerages have recently issued reports on TGI. SunTrust Banks lowered Triumph Group from a “hold” rating to a “sell” rating and set a $5.00 price target on the stock. in a research note on Wednesday, July 15th. ValuEngine raised Triumph Group from a “strong sell” rating to a “sell” rating in a research note on Thursday, July 2nd. Cowen reaffirmed a “hold” rating and set a $5.00 price target on shares of Triumph Group in a research note on Thursday, May 28th. UBS Group cut their price target on Triumph Group from $17.50 to $7.00 and set a “neutral” rating on the stock in a research note on Friday, April 17th. Finally, Canaccord Genuity cut their price target on Triumph Group from $12.00 to $11.00 and set a “hold” rating on the stock in a research note on Friday, May 29th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. Triumph Group has a consensus rating of “Hold” and an average price target of $8.83.
NYSE:TGI opened at $6.78 on Friday. Triumph Group Inc has a 1-year low of $3.02 and a 1-year high of $29.38. The business’s 50-day moving average price is $8.66 and its two-hundred day moving average price is $11.66. The firm has a market capitalization of $346.16 million, a price-to-earnings ratio of -13.29, a PEG ratio of 427.56 and a beta of 2.75.
Triumph Group (NYSE:TGI) last released its earnings results on Thursday, May 28th. The aerospace company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.05. Triumph Group had a negative return on equity of 20.55% and a negative net margin of 0.97%. The firm had revenue of $693.10 million for the quarter, compared to analyst estimates of $660.10 million. During the same quarter in the prior year, the firm posted $1.15 earnings per share. The company’s quarterly revenue was down 20.2% on a year-over-year basis. As a group, sell-side analysts expect that Triumph Group Inc will post 0.01 EPS for the current year.
Triumph Group Company 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.
Featured Article: What is Considered a Good Return on Equity (ROE)?
Receive News & Ratings for Triumph Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Triumph Group and related companies with MarketBeat.com's FREE daily email newsletter.