460,678 Shares in Triumph Group, Inc. $TGI Acquired by Nuveen LLC

Nuveen LLC bought a new position in Triumph Group, Inc. (NYSE:TGI) in the first quarter, according to its most recent filing with the SEC. The firm bought 460,678 shares of the aerospace company’s stock, valued at approximately $11,674,000. Nuveen LLC owned approximately 0.60% of Triumph Group as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Irenic Capital Management LP boosted its stake in Triumph Group by 19.9% in the 4th quarter. Irenic Capital Management LP now owns 3,787,022 shares of the aerospace company’s stock worth $70,666,000 after purchasing an additional 628,296 shares in the last quarter. First Trust Advisors LP boosted its stake in Triumph Group by 59.6% in the 4th 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. Northern Trust Corp boosted its stake in Triumph Group by 9.3% in the 4th 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 in the last quarter. Charles Schwab Investment Management Inc. raised its position in Triumph Group by 5.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 741,730 shares of the aerospace company’s stock worth $18,795,000 after buying an additional 39,733 shares during the last quarter. Finally, Alpine Associates Management Inc. purchased a new position in Triumph Group during the 1st quarter worth approximately $17,282,000. 94.53% of the stock is currently owned by institutional investors and hedge funds.

Triumph Group Stock Performance

Triumph Group stock opened at $26.0050 on Friday. The company’s fifty day moving average price is $25.90 and its 200 day moving average price is $25.56. Triumph Group, Inc. has a 1 year low of $11.01 and a 1 year high of $26.03. The stock has a market capitalization of $2.02 billion, a P/E ratio of 50.01 and a beta of 2.26.

Triumph Group (NYSE:TGI) last released its quarterly earnings results on Wednesday, May 28th. The aerospace company reported $0.48 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $334.04 million. During the same quarter last year, the company earned $0.31 EPS. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. Sell-side analysts predict that Triumph Group, Inc. will post 0.68 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen assumed coverage on shares of Triumph Group in a research 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 given a Sell rating to the company’s stock. According to MarketBeat, the stock 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.