Quadrature Capital Ltd Acquires 27,664 Shares of Triumph Group, Inc. (NYSE:TGI)

Quadrature Capital Ltd increased its holdings in shares of Triumph Group, Inc. (NYSE:TGI) by 106.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 53,551 shares of the aerospace company’s stock after acquiring an additional 27,664 shares during the quarter. Quadrature Capital Ltd’s holdings in Triumph Group were worth $888,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vision One Management Partners LP bought a new stake in shares of Triumph Group during the 4th quarter worth $34,587,000. Vanguard Group Inc. boosted its stake in Triumph Group by 20.1% in the third quarter. Vanguard Group Inc. now owns 6,910,979 shares of the aerospace company’s stock valued at $52,938,000 after acquiring an additional 1,155,919 shares during the last quarter. Norges Bank bought a new position in shares of Triumph Group during the 4th quarter valued at approximately $12,720,000. Maple Rock Capital Partners Inc. increased its stake in shares of Triumph Group by 29.5% during the 3rd quarter. Maple Rock Capital Partners Inc. now owns 2,667,178 shares of the aerospace company’s stock worth $20,431,000 after purchasing an additional 606,989 shares during the last quarter. Finally, Hsbc Holdings PLC raised its holdings in shares of Triumph Group by 410.6% in the 3rd quarter. Hsbc Holdings PLC now owns 679,805 shares of the aerospace company’s stock worth $5,255,000 after purchasing an additional 546,664 shares during the period. Hedge funds and other institutional investors own 94.53% of the company’s stock.

Insiders Place Their Bets

In other Triumph Group news, Director Neal J. Keating purchased 10,000 shares of the company’s stock in a transaction dated Tuesday, June 4th. The stock was purchased at an average price of $14.13 per share, for a total transaction of $141,300.00. Following the transaction, the director now owns 68,987 shares in the company, valued at approximately $974,786.31. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 2.40% of the company’s stock.

Triumph Group Trading Down 1.3 %

Shares of NYSE:TGI opened at $14.07 on Friday. The company has a 50 day moving average of $14.12 and a 200 day moving average of $14.40. The stock has a market cap of $1.08 billion, a P/E ratio of 2.12, a P/E/G ratio of 16.93 and a beta of 2.53. Triumph Group, Inc. has a 12 month low of $7.00 and a 12 month high of $17.27.

Triumph Group (NYSE:TGI) last released its quarterly earnings results on Thursday, May 23rd. The aerospace company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.19. Triumph Group had a net margin of 39.09% and a negative return on equity of 0.78%. The firm had revenue of $358.60 million during the quarter, compared to analyst estimates of $341.95 million. During the same period in the previous year, the business earned $0.39 EPS. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. On average, equities analysts forecast that Triumph Group, Inc. will post 0.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on TGI shares. Barclays reduced their price objective on Triumph Group from $20.00 to $18.00 and set an “overweight” rating for the company in a report on Wednesday, May 29th. Truist Financial decreased their price objective on Triumph Group from $27.00 to $22.00 and set a “buy” rating for the company in a report on Friday, May 24th. StockNews.com downgraded shares of Triumph Group from a “buy” rating to a “hold” rating in a report on Saturday, June 1st. JPMorgan Chase & Co. upgraded shares of Triumph Group from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $13.00 to $17.00 in a research report on Monday, April 15th. Finally, The Goldman Sachs Group upped their price target on shares of Triumph Group from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Triumph Group presently has an average rating of “Moderate Buy” and a consensus target price of $18.75.

Triumph Group Profile

Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls, and distributes aerostructures, 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, exhaust nozzles and ducting, 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.