Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Triumph Group, Inc. (NYSE:TGI – Get Rating) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 347,700 shares of the aerospace company’s stock, valued at approximately $4,621,000. Healthcare of Ontario Pension Plan Trust Fund owned 0.54% of Triumph Group as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Steward Partners Investment Advisory LLC acquired a new stake in shares of Triumph Group during the first quarter worth $25,000. Captrust Financial Advisors grew its stake in shares of Triumph Group by 141.0% during the first quarter. Captrust Financial Advisors now owns 2,902 shares of the aerospace company’s stock worth $73,000 after purchasing an additional 1,698 shares during the period. KBC Group NV acquired a new stake in shares of Triumph Group during the second quarter worth $81,000. Mutual of America Capital Management LLC grew its stake in shares of Triumph Group by 16.6% during the second quarter. Mutual of America Capital Management LLC now owns 10,854 shares of the aerospace company’s stock worth $144,000 after purchasing an additional 1,543 shares during the period. Finally, AdvisorShares Investments LLC acquired a new stake in shares of Triumph Group during the first quarter worth $179,000. 95.65% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on TGI shares. Wolfe Research started coverage on Triumph Group in a research note on Monday, October 10th. They set an “underperform” rating and a $9.00 price objective for the company. StockNews.com upgraded Triumph Group from a “sell” rating to a “hold” rating in a report on Friday, November 11th. Finally, Truist Financial reduced their target price on Triumph Group from $20.00 to $14.00 in a report on Wednesday, October 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $18.29.
Triumph Group Price Performance
Triumph Group (NYSE:TGI – Get Rating) last issued its quarterly earnings results on Tuesday, November 8th. The aerospace company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.11. Triumph Group had a negative return on equity of 6.67% and a net margin of 6.81%. The company had revenue of $307.60 million for the quarter, compared to analyst estimates of $297.57 million. During the same period in the previous year, the company posted $0.10 earnings per share. The company’s quarterly revenue was down 13.9% compared to the same quarter last year. On average, equities analysts expect that Triumph Group, Inc. will post 0.52 EPS for the current year.
About Triumph Group
Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls, and distributes aerostructures, aircraft components, accessories, subassemblies, and systems worldwide. It operates in two segments, Triumph Systems & Support, and Triumph Aerospace Structures. The company offers aircraft and engine-mounted accessory drives, thermal control systems and components, cargo hooks, high lift actuations, cockpit control levers, hydraulic systems and components, control system valve bodies, landing gear actuation systems, electronic engine controls, landing gear components and assemblies, exhaust nozzles and ducting, main engine gearbox assemblies, geared transmissions and drive train components, main fuel pumps, fuel-metering units, primary and secondary flight control systems, and vibration absorbers.
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