Triumph Group, Inc. $TGI Shares Sold by Swiss National Bank

Swiss National Bank cut its position in shares of Triumph Group, Inc. (NYSE:TGI) by 1.5% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 142,400 shares of the aerospace company’s stock after selling 2,100 shares during the quarter. Swiss National Bank owned 0.18% of Triumph Group worth $3,608,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. raised its holdings in Triumph Group by 2.7% during the first quarter. Principal Financial Group Inc. now owns 385,198 shares of the aerospace company’s stock worth $9,761,000 after purchasing an additional 10,302 shares during the last quarter. GAMMA Investing LLC raised its holdings in Triumph Group by 3,263.7% during the first quarter. GAMMA Investing LLC now owns 20,855 shares of the aerospace company’s stock worth $528,000 after purchasing an additional 20,235 shares during the last quarter. Northern Trust Corp raised its holdings in Triumph Group by 9.3% during the fourth quarter. Northern Trust Corp now owns 789,407 shares of the aerospace company’s stock worth $14,730,000 after purchasing an additional 67,204 shares during the last quarter. Optimist Retirement Group LLC acquired a new position in Triumph Group during the first quarter worth $284,000. Finally, Deutsche Bank AG raised its holdings in Triumph Group by 67.6% during the fourth quarter. Deutsche Bank AG now owns 62,168 shares of the aerospace company’s stock worth $1,160,000 after purchasing an additional 25,075 shares during the last quarter. 94.53% of the stock is owned by institutional investors and hedge funds.

Triumph Group Stock Performance

Triumph Group stock opened at $26.0050 on Thursday. The stock has a fifty day moving average of $25.89 and a two-hundred day moving average of $25.54. The company has a market capitalization of $2.02 billion, a price-to-earnings ratio of 50.01 and a beta of 2.26. Triumph Group, Inc. has a fifty-two week low of $11.01 and a fifty-two week high of $26.03.

Triumph Group (NYSE:TGI) last released its quarterly earnings results on Wednesday, May 28th. The aerospace company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.17. The company had revenue of $377.90 million during 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%.Triumph Group’s revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.31 earnings per share. On average, analysts forecast that Triumph Group, Inc. will post 0.68 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen began coverage on Triumph Group in a report on Tuesday, May 20th. They set a “hold” rating for the company. Seven investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average 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.