Teacher Retirement System of Texas Makes New $501,000 Investment in Triumph Group, Inc. (NYSE:TGI)

Teacher Retirement System of Texas acquired a new stake in shares of Triumph Group, Inc. (NYSE:TGI) during the first quarter, according to its most recent disclosure with the SEC. The fund acquired 19,778 shares of the aerospace company’s stock, valued at approximately $501,000.

Other large investors have also recently made changes to their positions in the company. Sterling Capital Management LLC raised its stake in Triumph Group by 804.2% during the 4th quarter. Sterling Capital Management LLC now owns 2,351 shares of the aerospace company’s stock worth $44,000 after acquiring an additional 2,091 shares during the period. KBC Group NV bought a new position in shares of Triumph Group in the first quarter worth approximately $79,000. Point72 Asia Singapore Pte. Ltd. increased its stake in shares of Triumph Group by 58.1% in the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,761 shares of the aerospace company’s stock worth $126,000 after purchasing an additional 2,484 shares in the last quarter. Brevan Howard Capital Management LP raised its position in shares of Triumph Group by 17.1% during the 4th quarter. Brevan Howard Capital Management LP now owns 12,306 shares of the aerospace company’s stock valued at $230,000 after purchasing an additional 1,798 shares during the period. Finally, Capula Management Ltd purchased a new position in shares of Triumph Group during the 4th quarter valued at $297,000. 94.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. raised Triumph Group from an “underweight” rating to a “neutral” rating and raised their price target for the company from $17.00 to $26.00 in a report on Tuesday, April 15th. Wall Street Zen started coverage on Triumph Group in a research report on Tuesday, May 20th. They set a “hold” rating for the company. One analyst has rated the stock with a sell rating and ten have given a hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $20.63.

Triumph Group Trading Up 0.1%

Shares of TGI stock opened at $25.89 on Thursday. The stock has a market capitalization of $2.01 billion, a price-to-earnings ratio of 49.78 and a beta of 2.26. Triumph Group, Inc. has a 12-month low of $11.01 and a 12-month high of $25.96. The stock’s 50-day moving average price is $25.77 and its 200-day moving average price is $24.30.

Triumph Group (NYSE:TGI) last released its quarterly earnings data on Wednesday, May 28th. The aerospace company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.17. The business had revenue of $377.90 million for the quarter, compared to the consensus estimate of $334.04 million. Triumph Group had a negative return on equity of 74.53% and a net margin of 3.24%. The company’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 EPS. As a group, research analysts predict that Triumph Group, Inc. will post 0.68 EPS for the current fiscal year.

Triumph Group Company Profile

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.