Russell Investments Group Ltd. Increases Stake in Triumph Group, Inc. (NYSE:TGI)

Russell Investments Group Ltd. grew its stake in Triumph Group, Inc. (NYSE:TGI) by 24.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 53,584 shares of the aerospace company’s stock after buying an additional 10,430 shares during the quarter. Russell Investments Group Ltd. owned 0.08% of Triumph Group worth $621,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Boulder Hill Capital Management LP purchased a new stake in Triumph Group during the fourth quarter worth approximately $435,000. Acrisure Capital Management LLC purchased a new stake in Triumph Group during the fourth quarter worth approximately $136,000. tru Independence LLC lifted its stake in Triumph Group by 8.8% during the first quarter. tru Independence LLC now owns 272,583 shares of the aerospace company’s stock worth $3,159,000 after purchasing an additional 21,975 shares during the last quarter. Rock Point Advisors LLC lifted its stake in Triumph Group by 6.5% in the fourth quarter. Rock Point Advisors LLC now owns 551,901 shares of the aerospace company’s stock valued at $5,806,000 after buying an additional 33,905 shares during the last quarter. Finally, Homestead Advisers Corp lifted its stake in Triumph Group by 30.0% in the first quarter. Homestead Advisers Corp now owns 469,430 shares of the aerospace company’s stock valued at $5,441,000 after buying an additional 108,330 shares during the last quarter. Hedge funds and other institutional investors own 99.65% of the company’s stock.

Insider Buying and Selling

In other Triumph Group news, Director Neal J. Keating acquired 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The shares were purchased at an average price of $8.04 per share, with a total value of $80,400.00. Following the completion of the acquisition, the director now directly owns 51,787 shares of the company’s stock, valued at approximately $416,367.48. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TGI. Bank of America cut Triumph Group from a “buy” rating to an “underperform” rating and reduced their price objective for the company from $19.00 to $8.00 in a research note on Friday, August 11th. Wolfe Research upgraded Triumph Group from an “underperform” rating to a “peer perform” rating in a research note on Wednesday, August 2nd. Finally, StockNews.com began coverage on Triumph Group in a research note on Thursday, August 17th. They issued a “hold” rating for the company. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $10.80.

Triumph Group Trading Up 1.0 %

NYSE:TGI opened at $9.50 on Friday. The firm has a market cap of $728.77 million, a P/E ratio of 7.60, a PEG ratio of 12.04 and a beta of 2.59. The stock’s 50 day simple moving average is $10.68 and its 200-day simple moving average is $11.22. Triumph Group, Inc. has a 12-month low of $7.84 and a 12-month high of $13.33.

Triumph Group (NYSE:TGI) last released its earnings results on Wednesday, August 2nd. The aerospace company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.06). The company had revenue of $327.15 million during the quarter, compared to analyst estimates of $322.57 million. Triumph Group had a net margin of 6.43% and a negative return on equity of 5.53%. The company’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.12 EPS. Research analysts forecast that Triumph Group, Inc. will post 0.3 EPS for the current fiscal 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 Interiors. 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.