Louisiana State Employees Retirement System Makes New Investment in Triumph Group, Inc. (NYSE:TGI)

Louisiana State Employees Retirement System bought a new position in shares of Triumph Group, Inc. (NYSE:TGI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 38,500 shares of the aerospace company’s stock, valued at approximately $638,000.

Several other institutional investors have also recently made changes to their positions in the stock. Victory Capital Management Inc. lifted its position in shares of Triumph Group by 11.6% during the third quarter. Victory Capital Management Inc. now owns 12,351 shares of the aerospace company’s stock worth $95,000 after acquiring an additional 1,285 shares in the last quarter. Amalgamated Bank lifted its position in shares of Triumph Group by 8.9% during the third quarter. Amalgamated Bank now owns 28,390 shares of the aerospace company’s stock worth $217,000 after acquiring an additional 2,328 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of Triumph Group by 11.8% during the third quarter. Oregon Public Employees Retirement Fund now owns 22,673 shares of the aerospace company’s stock worth $174,000 after acquiring an additional 2,400 shares in the last quarter. Swiss National Bank lifted its position in shares of Triumph Group by 1.8% during the third quarter. Swiss National Bank now owns 144,000 shares of the aerospace company’s stock worth $1,103,000 after acquiring an additional 2,500 shares in the last quarter. Finally, Yousif Capital Management LLC lifted its position in shares of Triumph Group by 7.8% during the third quarter. Yousif Capital Management LLC now owns 37,659 shares of the aerospace company’s stock worth $288,000 after acquiring an additional 2,740 shares in the last quarter. Hedge funds and other institutional investors own 94.53% of the company’s stock.

Triumph Group Stock Up 1.8 %

Shares of NYSE TGI opened at $13.66 on Monday. Triumph Group, Inc. has a twelve month low of $7.00 and a twelve month high of $17.27. The firm has a market cap of $1.05 billion, a P/E ratio of -20.09, a PEG ratio of 7.58 and a beta of 2.58. The company has a 50 day moving average of $14.06 and a 200 day moving average of $13.03.

Triumph Group (NYSE:TGI) last posted its earnings results on Wednesday, February 7th. The aerospace company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.30). Triumph Group had a negative return on equity of 2.15% and a negative net margin of 3.49%. The company had revenue of $285.00 million during the quarter, compared to the consensus estimate of $367.96 million. During the same period last year, the firm posted $0.12 EPS. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. As a group, equities analysts expect that Triumph Group, Inc. will post -0.43 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Neal J. Keating bought 7,200 shares of the business’s stock in a transaction on Friday, February 9th. The stock was acquired at an average price of $14.53 per share, with a total value of $104,616.00. Following the transaction, the director now owns 58,987 shares in the company, valued at approximately $857,081.11. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 2.40% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on TGI shares. JPMorgan Chase & Co. upgraded Triumph Group from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $13.00 to $17.00 in a research report on Monday, April 15th. The Goldman Sachs Group increased their price objective on Triumph Group from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Truist Financial increased their price objective on Triumph Group from $17.00 to $27.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Barclays upgraded Triumph Group from an “equal weight” rating to an “overweight” rating and set a $20.00 price objective on the stock in a research report on Friday, January 5th. Finally, Bank of America upgraded Triumph Group from an “underperform” rating to a “buy” rating and raised their price target for the company from $9.00 to $21.00 in a research report on Thursday, January 25th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Triumph Group currently has an average rating of “Moderate Buy” and a consensus target price of $19.63.

Triumph Group Company Profile

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.