Triumph Group, Inc. (NYSE:TGI) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its holdings in shares of Triumph Group, Inc. (NYSE:TGI) by 5.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 377,954 shares of the aerospace company’s stock after selling 19,713 shares during the period. Principal Financial Group Inc.’s holdings in Triumph Group were worth $5,824,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of TGI. Russell Investments Group Ltd. raised its holdings in shares of Triumph Group by 6.1% during the fourth quarter. Russell Investments Group Ltd. now owns 50,052 shares of the aerospace company’s stock worth $830,000 after purchasing an additional 2,898 shares during the period. Victory Capital Management Inc. increased its holdings in shares of Triumph Group by 18.8% in the 4th quarter. Victory Capital Management Inc. now owns 14,672 shares of the aerospace company’s stock worth $243,000 after acquiring an additional 2,321 shares during the period. Swiss National Bank increased its holdings in shares of Triumph Group by 5.0% in the 4th quarter. Swiss National Bank now owns 151,200 shares of the aerospace company’s stock worth $2,507,000 after acquiring an additional 7,200 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Triumph Group by 5.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 613,261 shares of the aerospace company’s stock worth $10,168,000 after acquiring an additional 29,498 shares during the period. Finally, BNP Paribas Financial Markets increased its holdings in shares of Triumph Group by 182.0% in the 4th quarter. BNP Paribas Financial Markets now owns 465,334 shares of the aerospace company’s stock worth $7,715,000 after acquiring an additional 300,295 shares during the period. 94.53% of the stock is owned by institutional investors and hedge funds.

Triumph Group Stock Up 1.4 %

Shares of TGI opened at $13.14 on Tuesday. The firm has a 50-day moving average price of $14.91 and a 200 day moving average price of $14.48. The firm has a market capitalization of $1.02 billion, a PE ratio of 1.98, a P/E/G ratio of 16.94 and a beta of 2.50. Triumph Group, Inc. has a 52-week low of $7.00 and a 52-week high of $17.87.

Triumph Group (NYSE:TGI) last posted its quarterly earnings data on Wednesday, August 7th. The aerospace company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.01). Triumph Group had a net margin of 40.39% and a negative return on equity of 1.77%. The business had revenue of $281.00 million for the quarter, compared to the consensus estimate of $274.64 million. During the same quarter last year, the business posted ($0.10) EPS. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, equities analysts expect that Triumph Group, Inc. will post 0.45 EPS for the current year.

Analysts Set New Price Targets

TGI has been the topic of a number of analyst reports. TD Cowen reaffirmed a “hold” rating and issued a $14.00 price objective (down previously from $19.50) on shares of Triumph Group in a report on Tuesday, May 28th. The Goldman Sachs Group cut shares of Triumph Group from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $19.00 to $15.00 in a report on Tuesday, August 13th. Barclays dropped their price objective on shares of Triumph Group from $18.00 to $16.00 and set an “overweight” rating on the stock in a report on Monday, August 12th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $14.00 price objective (down previously from $20.00) on shares of Triumph Group in a report on Monday, August 12th. Finally, StockNews.com lowered shares of Triumph Group from a “buy” rating to a “hold” rating in a research report on Saturday, June 1st. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $16.67.

About Triumph Group

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.