AQR Capital Management LLC Has $5.58 Million Stake in Triumph Group, Inc. (NYSE:TGI)

AQR Capital Management LLC raised its holdings in Triumph Group, Inc. (NYSE:TGI) by 78.5% in the second quarter, HoldingsChannel.com reports. The firm owned 361,976 shares of the aerospace company’s stock after purchasing an additional 159,154 shares during the quarter. AQR Capital Management LLC’s holdings in Triumph Group were worth $5,578,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Point72 Asia Singapore Pte. Ltd. boosted its stake in shares of Triumph Group by 311.2% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 22,300 shares of the aerospace company’s stock valued at $344,000 after buying an additional 16,877 shares during the period. Squarepoint Ops LLC raised its holdings in Triumph Group by 255.7% in the 2nd quarter. Squarepoint Ops LLC now owns 143,490 shares of the aerospace company’s stock valued at $2,211,000 after acquiring an additional 103,149 shares in the last quarter. Point72 Asset Management L.P. lifted its position in shares of Triumph Group by 12.5% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,516,707 shares of the aerospace company’s stock valued at $23,372,000 after acquiring an additional 168,607 shares during the period. Marshall Wace LLP grew its holdings in shares of Triumph Group by 318.2% during the 2nd quarter. Marshall Wace LLP now owns 324,778 shares of the aerospace company’s stock worth $5,005,000 after purchasing an additional 247,117 shares in the last quarter. Finally, Public Sector Pension Investment Board increased its position in shares of Triumph Group by 6.0% in the second quarter. Public Sector Pension Investment Board now owns 169,132 shares of the aerospace company’s stock worth $2,606,000 after purchasing an additional 9,642 shares during the period. Institutional investors and hedge funds own 94.53% of the company’s stock.

Triumph Group Stock Performance

Shares of NYSE:TGI opened at $12.59 on Friday. Triumph Group, Inc. has a 52-week low of $7.00 and a 52-week high of $17.87. The company has a market capitalization of $973.20 million, a PE ratio of 1.90 and a beta of 2.49. The company has a fifty day moving average of $13.74 and a 200-day moving average of $14.33.

Triumph Group (NYSE:TGI) last posted its earnings results on Wednesday, August 7th. The aerospace company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.01). The firm had revenue of $281.00 million during the quarter, compared to the consensus estimate of $274.64 million. Triumph Group had a net margin of 40.39% and a negative return on equity of 1.77%. Triumph Group’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.10) earnings per share. On average, equities analysts forecast that Triumph Group, Inc. will post 0.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on TGI shares. Truist Financial cut shares of Triumph Group from a “buy” rating to a “hold” rating and cut their price objective for the stock from $17.00 to $15.00 in a research report on Wednesday, August 21st. Jefferies Financial Group reaffirmed a “hold” rating and set a $14.00 price target (down previously from $20.00) on shares of Triumph Group in a report on Monday, August 12th. The Goldman Sachs Group cut shares of Triumph Group from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $19.00 to $15.00 in a research note on Tuesday, August 13th. Barclays cut their target price on Triumph Group from $18.00 to $16.00 and set an “overweight” rating for the company in a research note on Monday, August 12th. Finally, Bank of America lowered Triumph Group from a “buy” rating to an “underperform” rating and decreased their price target for the company from $17.00 to $12.00 in a research note on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $15.67.

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.