Yousif Capital Management LLC Trims Stock Position in Triumph Group, Inc. (NYSE:TGI)

Yousif Capital Management LLC lessened its holdings in Triumph Group, Inc. (NYSE:TGI) by 2.4% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 28,634 shares of the aerospace company’s stock after selling 718 shares during the period. Yousif Capital Management LLC’s holdings in Triumph Group were worth $726,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in TGI. American Century Companies Inc. bought a new stake in Triumph Group during the fourth quarter valued at approximately $30,845,000. Norges Bank purchased a new position in shares of Triumph Group during the 4th quarter worth $15,945,000. First Trust Advisors LP grew its position in shares of Triumph Group by 59.6% during the 4th quarter. First Trust Advisors LP now owns 1,702,245 shares of the aerospace company’s stock valued at $31,764,000 after acquiring an additional 635,568 shares during the period. Irenic Capital Management LP grew its position in shares of Triumph Group by 19.9% during the 4th quarter. Irenic Capital Management LP now owns 3,787,022 shares of the aerospace company’s stock valued at $70,666,000 after acquiring an additional 628,296 shares during the period. Finally, Barclays PLC increased its stake in shares of Triumph Group by 248.6% in the 4th quarter. Barclays PLC now owns 517,703 shares of the aerospace company’s stock worth $9,660,000 after purchasing an additional 369,173 shares in the last quarter. Hedge funds and other institutional investors own 94.53% of the company’s stock.

Triumph Group Stock Down 0.2%

NYSE:TGI opened at $25.77 on Friday. The business’s 50-day simple moving average is $25.52 and its two-hundred day simple moving average is $23.36. Triumph Group, Inc. has a 52 week low of $11.01 and a 52 week high of $25.96. The stock has a market cap of $2.00 billion, a PE ratio of 49.56 and a beta of 2.30.

Triumph Group (NYSE:TGI) last released its earnings results on Wednesday, May 28th. The aerospace company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.17. The firm had revenue of $377.90 million during the quarter, compared to analysts’ expectations of $334.04 million. Triumph Group had a negative return on equity of 74.53% and a net margin of 3.24%. The firm’s revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the business posted $0.31 earnings per share. Sell-side analysts anticipate that Triumph Group, Inc. will post 0.68 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on TGI shares. JPMorgan Chase & Co. upgraded Triumph Group from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $17.00 to $26.00 in a research report on Tuesday, April 15th. Wall Street Zen assumed coverage on Triumph Group in a research report on Tuesday, May 20th. They set a “hold” rating on the stock. One research analyst has rated the stock with a sell rating and ten have issued a hold rating to the company’s stock. Based on data from MarketBeat, Triumph Group presently has a consensus rating of “Hold” and a consensus target price of $20.63.

About Triumph Group

Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls, and distributes aircraft, 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, cyber protected process controllers, 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.