Vanguard Group Inc. Decreases Holdings in Triumph Group, Inc. $TGI

Vanguard Group Inc. trimmed its stake in shares of Triumph Group, Inc. (NYSE:TGI) by 0.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,777,969 shares of the aerospace company’s stock after selling 56,116 shares during the period. Vanguard Group Inc. owned 8.76% of Triumph Group worth $171,754,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Sterling Capital Management LLC grew its holdings 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 worth $44,000 after buying an additional 2,091 shares in the last quarter. KBC Group NV purchased a new stake in shares of Triumph Group during the first quarter worth $79,000. Point72 Asia Singapore Pte. Ltd. grew its holdings in shares of Triumph Group by 58.1% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,761 shares of the aerospace company’s stock worth $126,000 after buying an additional 2,484 shares in the last quarter. Brevan Howard Capital Management LP grew its holdings in shares of Triumph Group by 17.1% during the fourth quarter. Brevan Howard Capital Management LP now owns 12,306 shares of the aerospace company’s stock worth $230,000 after buying an additional 1,798 shares in the last quarter. Finally, Optimist Retirement Group LLC purchased a new stake in shares of Triumph Group during the first quarter worth $284,000. 94.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen assumed coverage on shares of Triumph Group in a report on Tuesday, May 20th. They set a “hold” rating for the company. Seven research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $22.67.

Triumph Group Trading Up 0.6%

NYSE TGI opened at $26.0050 on Thursday. The stock has a market cap of $2.02 billion, a PE ratio of 50.01 and a beta of 2.26. Triumph Group, Inc. has a twelve month low of $11.01 and a twelve month high of $26.03. The stock has a fifty day simple moving average of $25.89 and a 200-day simple moving average of $25.54.

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 analysts’ consensus estimates of $0.31 by $0.17. The business 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 company’s revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.31 EPS. Research analysts predict that Triumph Group, Inc. will post 0.68 EPS for the current 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.