Zurcher Kantonalbank Zurich Cantonalbank Purchases 9,963 Shares of Triumph Group, Inc. (NYSE:TGI)

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Triumph Group, Inc. (NYSE:TGI) by 103.3% during the 4th quarter, Holdings Channel reports. The firm owned 19,604 shares of the aerospace company’s stock after buying an additional 9,963 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Triumph Group were worth $325,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of TGI. Vanguard Group Inc. lifted its holdings in Triumph Group by 20.1% in the 3rd quarter. Vanguard Group Inc. now owns 6,910,979 shares of the aerospace company’s stock worth $52,938,000 after buying an additional 1,155,919 shares during the period. Maple Rock Capital Partners Inc. raised its holdings in shares of Triumph Group by 29.5% during the third quarter. Maple Rock Capital Partners Inc. now owns 2,667,178 shares of the aerospace company’s stock valued at $20,431,000 after acquiring an additional 606,989 shares in the last quarter. New York State Common Retirement Fund lifted its stake in Triumph Group by 18.4% in the third quarter. New York State Common Retirement Fund now owns 808,042 shares of the aerospace company’s stock worth $6,190,000 after acquiring an additional 125,498 shares during the period. Invesco Ltd. boosted its holdings in Triumph Group by 24.0% in the third quarter. Invesco Ltd. now owns 807,490 shares of the aerospace company’s stock valued at $6,185,000 after acquiring an additional 156,511 shares in the last quarter. Finally, Rock Point Advisors LLC increased its position in Triumph Group by 32.4% during the 3rd quarter. Rock Point Advisors LLC now owns 737,796 shares of the aerospace company’s stock valued at $5,652,000 after purchasing an additional 180,725 shares during the period. Hedge funds and other institutional investors own 94.53% of the company’s stock.

Triumph Group Trading Up 3.1 %

Shares of NYSE:TGI opened at $13.82 on Friday. Triumph Group, Inc. has a 12-month low of $7.00 and a 12-month high of $17.27. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of -20.31, a PEG ratio of 7.99 and a beta of 2.55. The stock has a fifty day simple moving average of $13.96 and a two-hundred day simple moving average of $13.17.

Triumph Group (NYSE:TGI) last posted its quarterly earnings results on Wednesday, February 7th. The aerospace company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate 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 analysts’ expectations of $367.96 million. During the same period in the prior year, the firm earned $0.12 EPS. Triumph Group’s revenue for the quarter was up 8.9% compared to the same quarter last year. As a group, equities research analysts predict that Triumph Group, Inc. will post -0.32 EPS for the current year.

Insiders Place Their Bets

In other news, Director Neal J. Keating purchased 7,200 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were purchased at an average price of $14.53 per share, for a total transaction of $104,616.00. Following the completion of the acquisition, the director now directly owns 58,987 shares in the company, valued at approximately $857,081.11. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 2.40% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. The Goldman Sachs Group raised their target price on shares of Triumph Group from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Wolfe Research raised Triumph Group from a “peer perform” rating to an “outperform” rating and set a $18.00 price objective on the stock in a research report on Thursday, March 28th. JPMorgan Chase & Co. raised Triumph Group from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $13.00 to $17.00 in a research report on Monday, April 15th. Truist Financial lifted their price target on Triumph Group from $17.00 to $27.00 and gave the company a “buy” rating in a research report on Wednesday, January 10th. Finally, Robert W. Baird upgraded Triumph Group from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $13.00 to $20.00 in a report on Tuesday, January 16th. Two 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, the stock currently has an average rating of “Moderate Buy” and an average price target of $19.63.

Triumph Group 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.