Triumph Group, Inc. (NYSE:TGI) Stake Lessened by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System lessened its stake in Triumph Group, Inc. (NYSE:TGI) by 3.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 37,400 shares of the aerospace company’s stock after selling 1,300 shares during the period. Louisiana State Employees Retirement System’s holdings in Triumph Group were worth $482,000 at the end of the most recent reporting period.

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

Triumph Group Stock Up 0.4 %

TGI stock opened at $14.21 on Wednesday. The company has a market capitalization of $1.10 billion, a P/E ratio of 2.14 and a beta of 2.48. The company has a 50-day simple moving average of $13.66 and a 200 day simple moving average of $14.36. Triumph Group, Inc. has a fifty-two week low of $7.88 and a fifty-two week high of $17.87.

Triumph Group (NYSE:TGI) last posted its quarterly earnings data on Wednesday, August 7th. The aerospace company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.01). Triumph Group had a negative return on equity of 1.77% and a net margin of 40.39%. The company 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 earned ($0.10) EPS. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. Equities analysts anticipate that Triumph Group, Inc. will post 0.43 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on TGI shares. Jefferies Financial Group restated 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 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. JPMorgan Chase & Co. lowered shares of Triumph Group from a “neutral” rating to an “underweight” rating and lowered their price target for the stock from $15.00 to $12.00 in a research report on Monday, October 14th. Bank of America lowered shares of Triumph Group from a “buy” rating to an “underperform” rating and lowered their price target for the stock from $17.00 to $12.00 in a research report on Tuesday, September 24th. Finally, The Goldman Sachs Group lowered shares of 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. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $14.78.

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.