Gabelli Funds LLC Has $1.02 Million Stock Position in Triumph Group, Inc. (NYSE:TGI)

Gabelli Funds LLC boosted its position in Triumph Group, Inc. (NYSE:TGI) by 80.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 66,300 shares of the aerospace company’s stock after buying an additional 29,500 shares during the quarter. Gabelli Funds LLC’s holdings in Triumph Group were worth $1,022,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Triumph Group by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 7,021,354 shares of the aerospace company’s stock worth $116,414,000 after purchasing an additional 110,375 shares during the last quarter. Vision One Management Partners LP bought a new position in Triumph Group in the 4th quarter worth approximately $34,587,000. Dimensional Fund Advisors LP lifted its holdings in shares of Triumph Group by 12.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,054,841 shares of the aerospace company’s stock worth $16,254,000 after buying an additional 116,900 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Triumph Group in the first quarter valued at approximately $13,542,000. Finally, Norges Bank acquired a new stake in shares of Triumph Group in the fourth quarter worth $12,720,000. Institutional investors and hedge funds own 94.53% of the company’s stock.

Wall Street Analyst Weigh In

TGI has been the subject of a number of research reports. The Goldman Sachs Group downgraded shares of Triumph Group from a “buy” rating to a “neutral” rating and reduced their price target for the company from $19.00 to $15.00 in a report on Tuesday, August 13th. Truist Financial cut shares of Triumph Group from a “buy” rating to a “hold” rating and reduced their target price for the company from $17.00 to $15.00 in a research note on Wednesday, August 21st. Jefferies Financial Group restated a “hold” rating and set a $14.00 price target (down from $20.00) on shares of Triumph Group in a research note on Monday, August 12th. Bank of America downgraded Triumph Group from a “buy” rating to an “underperform” rating and reduced their price objective for the stock from $17.00 to $12.00 in a research report on Tuesday. Finally, StockNews.com cut Triumph Group from a “buy” rating to a “hold” rating in a research report on Saturday, June 1st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $15.67.

Triumph Group Price Performance

Triumph Group stock opened at $12.62 on Friday. The business has a 50 day simple moving average of $14.13 and a 200 day simple moving average of $14.37. The company has a market capitalization of $975.90 million, a PE ratio of 1.90, a price-to-earnings-growth ratio of 16.21 and a beta of 2.50. Triumph Group, Inc. has a one year low of $7.00 and a one year high of $17.87.

Triumph Group (NYSE:TGI) last issued its quarterly earnings data on Wednesday, August 7th. The aerospace company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $281.00 million for the quarter, compared to the consensus estimate of $274.64 million. During the same period in the previous year, the business posted ($0.10) earnings per share. The firm’s revenue was up 6.5% compared to the same quarter last year. Equities analysts anticipate that Triumph Group, Inc. will post 0.47 earnings per share for the current fiscal year.

Triumph Group 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.