Algert Global LLC Purchases 22,537 Shares of Triumph Group, Inc. (NYSE:TGI)

Algert Global LLC grew its position in Triumph Group, Inc. (NYSE:TGI) by 11.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 225,727 shares of the aerospace company’s stock after purchasing an additional 22,537 shares during the period. Algert Global LLC’s holdings in Triumph Group were worth $3,478,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Headlands Technologies LLC acquired a new stake in shares of Triumph Group in the first quarter valued at about $35,000. Quest Partners LLC acquired a new stake in shares of Triumph Group in the second quarter valued at about $41,000. Lazard Asset Management LLC increased its position in shares of Triumph Group by 98.3% in the first quarter. Lazard Asset Management LLC now owns 3,877 shares of the aerospace company’s stock valued at $58,000 after acquiring an additional 1,922 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in shares of Triumph Group in the first quarter valued at about $56,000. Finally, CWM LLC increased its position in shares of Triumph Group by 473.7% in the second quarter. CWM LLC now owns 5,146 shares of the aerospace company’s stock valued at $79,000 after acquiring an additional 4,249 shares during the last quarter. Institutional investors and hedge funds own 94.53% of the company’s stock.

Triumph Group Trading Up 1.2 %

Triumph Group stock opened at $12.90 on Tuesday. Triumph Group, Inc. has a 12 month low of $7.00 and a 12 month high of $17.87. The stock’s 50 day moving average is $13.97 and its 200-day moving average is $14.36. The company has a market capitalization of $997.17 million, a price-to-earnings ratio of 1.94, a PEG ratio of 15.94 and a beta of 2.50.

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). Triumph Group had a net margin of 40.39% and a negative return on equity of 1.77%. The firm had revenue of $281.00 million during the quarter, compared to analyst estimates of $274.64 million. During the same period in the previous year, the company posted ($0.10) EPS. Triumph Group’s revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, equities research analysts predict that Triumph Group, Inc. will post 0.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on TGI shares. Bank of America downgraded Triumph Group from a “buy” rating to an “underperform” rating and lowered their target price for the company from $17.00 to $12.00 in a research report on Tuesday, September 24th. The Goldman Sachs Group downgraded Triumph Group from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $19.00 to $15.00 in a research report on Tuesday, August 13th. Jefferies Financial Group reissued a “hold” rating and set a $14.00 price target (down previously from $20.00) on shares of Triumph Group in a research report on Monday, August 12th. Barclays lowered their price target on Triumph Group from $18.00 to $16.00 and set an “overweight” rating on the stock in a research report on Monday, August 12th. Finally, Truist Financial downgraded Triumph Group from a “buy” rating to a “hold” rating and lowered their price target for the stock from $17.00 to $15.00 in a research report on Wednesday, August 21st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average 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.