SG Americas Securities LLC Boosts Stake in Triumph Group, Inc. (NYSE:TGI)

SG Americas Securities LLC increased its stake in shares of Triumph Group, Inc. (NYSE:TGI) by 199.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 67,719 shares of the aerospace company’s stock after buying an additional 45,074 shares during the quarter. SG Americas Securities LLC’s holdings in Triumph Group were worth $873,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Triumph Group by 1.6% in the fourth 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. Point72 Asset Management L.P. raised its position in 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 worth $23,372,000 after buying an additional 168,607 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Triumph Group by 12.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,054,841 shares of the aerospace company’s stock valued at $16,254,000 after acquiring an additional 116,900 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Triumph Group by 6.4% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 958,100 shares of the aerospace company’s stock worth $14,764,000 after acquiring an additional 57,700 shares during the period. Finally, First Eagle Investment Management LLC raised its holdings in shares of Triumph Group by 11.2% during the second quarter. First Eagle Investment Management LLC now owns 698,712 shares of the aerospace company’s stock worth $10,767,000 after purchasing an additional 70,500 shares during the last quarter. 94.53% of the stock is owned by institutional investors and hedge funds.

Triumph Group Stock Up 6.2 %

TGI opened at $15.00 on Friday. The firm’s fifty day simple moving average is $13.34 and its two-hundred day simple moving average is $14.29. Triumph Group, Inc. has a 52-week low of $7.07 and a 52-week high of $17.87. The company has a market cap of $1.16 billion, a price-to-earnings ratio of 2.26 and a beta of 2.49.

Triumph Group (NYSE:TGI) last issued its quarterly earnings results on Wednesday, August 7th. The aerospace company reported ($0.06) earnings per share 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 during the quarter, compared to analysts’ expectations of $274.64 million. During the same period in the prior year, the business posted ($0.10) earnings per share. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. On average, research analysts forecast that Triumph Group, Inc. will post 0.45 EPS for the current year.

Analysts Set New Price Targets

TGI has been the subject of a number of recent research reports. Jefferies Financial Group reiterated a “hold” rating and set a $14.00 price objective (down previously from $20.00) on shares of Triumph Group in a research note on Monday, August 12th. Barclays decreased their price target on Triumph Group from $18.00 to $16.00 and set an “overweight” rating for the company in a report on Monday, August 12th. Bank of America cut shares of Triumph Group from a “buy” rating to an “underperform” rating and dropped their price objective for the stock from $17.00 to $12.00 in a research note on Tuesday, September 24th. The Goldman Sachs Group cut shares of Triumph Group from a “buy” rating to a “neutral” rating and decreased their target price for the company from $19.00 to $15.00 in a research note on Tuesday, August 13th. Finally, Truist Financial lowered shares of Triumph Group from a “buy” rating to a “hold” rating and dropped their price target for the company 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 assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Triumph Group currently has an average rating of “Hold” and an average target price of $15.67.

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.