New York State Common Retirement Fund Sells 605,070 Shares of Triumph Group, Inc. (NYSE:TGI)

New York State Common Retirement Fund decreased its stake in shares of Triumph Group, Inc. (NYSE:TGI) by 96.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,900 shares of the aerospace company’s stock after selling 605,070 shares during the quarter. New York State Common Retirement Fund’s holdings in Triumph Group were worth $606,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sterling Capital Management LLC lifted its holdings 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 valued at $44,000 after buying an additional 2,091 shares in the last quarter. KBC Group NV bought a new stake in Triumph Group during the 1st quarter valued at about $79,000. Point72 Asia Singapore Pte. Ltd. lifted its holdings in Triumph Group by 58.1% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,761 shares of the aerospace company’s stock valued at $126,000 after buying an additional 2,484 shares in the last quarter. Brevan Howard Capital Management LP increased its position in 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 Triumph Group during the 4th quarter valued at about $297,000. Institutional investors own 94.53% of the company’s stock.

Analysts Set New Price Targets

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

Triumph Group Stock Up 0.6%

Shares of Triumph Group stock opened at $26.01 on Friday. The firm’s 50 day moving average price is $25.81 and its 200-day moving average price is $24.66. Triumph Group, Inc. has a 52-week low of $11.01 and a 52-week high of $26.03. The company has a market cap of $2.02 billion, a P/E ratio of 50.01 and a beta of 2.26.

Triumph Group (NYSE:TGI) last issued 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. Triumph Group had a net margin of 3.24% and a negative return on equity of 74.53%. The firm had revenue of $377.90 million for the quarter, compared to the consensus estimate of $334.04 million. During the same quarter in the previous year, the firm earned $0.31 EPS. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. As a group, equities research analysts forecast that Triumph Group, Inc. will post 0.68 EPS for the current fiscal year.

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.