PNC Financial Services Group Inc. Sells 12,594 Shares of Triumph Group, Inc. $TGI

PNC Financial Services Group Inc. decreased its stake in Triumph Group, Inc. (NYSE:TGI) by 79.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,267 shares of the aerospace company’s stock after selling 12,594 shares during the period. PNC Financial Services Group Inc.’s holdings in Triumph Group were worth $83,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Raymond James Financial Inc. bought a new position in Triumph Group in the fourth quarter valued at $1,095,000. Sterling Capital Management LLC boosted its stake in shares of Triumph Group by 804.2% during the fourth quarter. Sterling Capital Management LLC now owns 2,351 shares of the aerospace company’s stock valued at $44,000 after purchasing an additional 2,091 shares during the period. Barclays PLC grew its holdings in 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 acquiring an additional 369,173 shares during the last quarter. Jump Financial LLC purchased a new position in shares of Triumph Group during the 4th quarter worth approximately $430,000. Finally, First Trust Advisors LP raised its holdings in Triumph Group by 59.6% in the fourth quarter. First Trust Advisors LP now owns 1,702,245 shares of the aerospace company’s stock worth $31,764,000 after purchasing an additional 635,568 shares in the last quarter. Hedge funds and other institutional investors own 94.53% of the company’s stock.

Triumph Group Price Performance

Shares of NYSE:TGI opened at $26.0050 on Thursday. The firm has a market capitalization of $2.02 billion, a PE ratio of 50.01 and a beta of 2.26. The business has a 50 day simple moving average of $25.89 and a two-hundred day simple moving average of $25.54. Triumph Group, Inc. has a 1 year low of $11.01 and a 1 year high of $26.03.

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

Analysts Set New Price Targets

Separately, Wall Street Zen assumed coverage on shares of Triumph Group in a report on Tuesday, May 20th. They issued a “hold” rating for the company. Seven equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $22.67.

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.