Triumph Group, Inc. (TGI) Holdings Boosted by Towle & Co.
Towle & Co. lifted its holdings in Triumph Group, Inc. (NYSE:TGI) by 3.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,176,336 shares of the aerospace company’s stock after purchasing an additional 42,214 shares during the period. Triumph Group comprises 3.7% of Towle & Co.’s holdings, making the stock its 9th biggest holding. Towle & Co. owned about 2.37% of Triumph Group worth $34,996,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the company. UBS Asset Management Americas Inc. lifted its stake in Triumph Group by 20.2% in the first quarter. UBS Asset Management Americas Inc. now owns 41,362 shares of the aerospace company’s stock valued at $1,065,000 after acquiring an additional 6,940 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Triumph Group by 20.1% in the first quarter. Vanguard Group Inc. now owns 5,258,989 shares of the aerospace company’s stock valued at $135,419,000 after purchasing an additional 880,074 shares during the period. Geode Capital Management LLC raised its position in shares of Triumph Group by 9.7% in the first quarter. Geode Capital Management LLC now owns 388,761 shares of the aerospace company’s stock valued at $10,009,000 after purchasing an additional 34,329 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Triumph Group by 6.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,798,799 shares of the aerospace company’s stock valued at $46,318,000 after purchasing an additional 109,471 shares during the period. Finally, New York State Teachers Retirement System raised its position in shares of Triumph Group by 25.1% in the first quarter. New York State Teachers Retirement System now owns 100,399 shares of the aerospace company’s stock valued at $2,585,000 after purchasing an additional 20,157 shares during the period. 99.75% of the stock is currently owned by institutional investors.
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A number of equities analysts recently issued reports on the stock. ValuEngine raised shares of Triumph Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Credit Suisse Group reduced their price target on shares of Triumph Group from $40.00 to $37.00 and set an “outperform” rating on the stock in a research report on Monday, August 21st. SunTrust Banks, Inc. upped their price target on shares of Triumph Group to $34.00 and gave the stock a “hold” rating in a research report on Thursday. BidaskClub cut Triumph Group from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Finally, Canaccord Genuity reaffirmed a “hold” rating and issued a $36.00 price target (up from $30.00) on shares of Triumph Group in a research note on Thursday. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $33.00.
Shares of Triumph Group, Inc. (NYSE:TGI) traded down $0.30 during midday trading on Friday, reaching $31.40. The company’s stock had a trading volume of 426,400 shares, compared to its average volume of 461,032. The company has a market cap of $1,558.16, a price-to-earnings ratio of 6.46, a P/E/G ratio of 0.77 and a beta of 1.76. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.87 and a quick ratio of 0.36. Triumph Group, Inc. has a fifty-two week low of $19.65 and a fifty-two week high of $34.80.
Triumph Group (NYSE:TGI) last released its quarterly earnings data on Wednesday, November 8th. The aerospace company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.20. Triumph Group had a positive return on equity of 27.18% and a negative net margin of 3.18%. The business had revenue of $745.16 million during the quarter, compared to analysts’ expectations of $787.90 million. During the same quarter last year, the business posted $1.00 EPS. The business’s revenue was down 14.8% on a year-over-year basis. sell-side analysts expect that Triumph Group, Inc. will post 2.45 EPS for the current fiscal year.
Triumph Group Company Profile
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