Intech Investment Management LLC Makes New Investment in Triumph Group, Inc. (NYSE:TGI)

Intech Investment Management LLC acquired a new stake in Triumph Group, Inc. (NYSE:TGI) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 21,187 shares of the aerospace company’s stock, valued at approximately $326,000.

A number of other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in Triumph Group by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 7,021,354 shares of the aerospace company’s stock valued at $116,414,000 after acquiring an additional 110,375 shares during the period. Vision One Management Partners LP bought a new position in shares of Triumph Group during the fourth quarter worth approximately $34,587,000. Dimensional Fund Advisors LP lifted its holdings in Triumph Group by 12.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,054,841 shares of the aerospace company’s stock worth $16,254,000 after purchasing an additional 116,900 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Triumph Group in the 1st quarter valued at $13,542,000. Finally, Norges Bank acquired a new position in Triumph Group in the 4th quarter valued at $12,720,000. Institutional investors and hedge funds own 94.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on TGI shares. Jefferies Financial Group reissued a “hold” rating and issued a $14.00 target price (down previously from $20.00) on shares of Triumph Group in a research report on Monday, August 12th. Barclays dropped their price target on shares of Triumph Group from $18.00 to $16.00 and set an “overweight” rating for the company in a research report on Monday, August 12th. Truist Financial downgraded Triumph Group from a “buy” rating to a “hold” rating and cut their target price for the company from $17.00 to $15.00 in a research report on Wednesday, August 21st. StockNews.com cut Triumph Group from a “buy” rating to a “hold” rating in a research report on Saturday, June 1st. Finally, The Goldman Sachs Group cut shares of Triumph Group from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $19.00 to $15.00 in a research report on Tuesday, August 13th. One equities 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 company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $15.67.

Triumph Group Stock Performance

TGI stock opened at $12.74 on Friday. The company has a market capitalization of $985.18 million, a P/E ratio of 1.92, a PEG ratio of 16.21 and a beta of 2.50. The company has a fifty day moving average price of $14.05 and a 200-day moving average price of $14.36. Triumph Group, Inc. has a 52-week low of $7.00 and a 52-week 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). The company had revenue of $281.00 million for the quarter, compared to the consensus estimate of $274.64 million. Triumph Group had a negative return on equity of 1.77% and a net margin of 40.39%. Triumph Group’s revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the business earned ($0.10) earnings per share. As a group, sell-side analysts forecast that Triumph Group, Inc. will post 0.47 earnings per share for the current fiscal year.

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.