International Assets Investment Management LLC Has $133,000 Stake in Triumph Group, Inc. (NYSE:TGI)

International Assets Investment Management LLC increased its stake in shares of Triumph Group, Inc. (NYSE:TGI) by 1,189.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,312 shares of the aerospace company’s stock after buying an additional 9,512 shares during the quarter. International Assets Investment Management LLC’s holdings in Triumph Group were worth $133,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Headlands Technologies LLC bought a new position in shares of Triumph Group in the first quarter worth $35,000. Quest Partners LLC bought a new position in Triumph Group in the 2nd quarter valued at about $41,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Triumph Group in the 1st quarter valued at approximately $56,000. Lazard Asset Management LLC lifted its holdings in shares of Triumph Group by 98.3% during the 1st quarter. Lazard Asset Management LLC now owns 3,877 shares of the aerospace company’s stock worth $58,000 after acquiring an additional 1,922 shares during the period. Finally, CWM LLC boosted its position in shares of Triumph Group by 473.7% during the 2nd quarter. CWM LLC now owns 5,146 shares of the aerospace company’s stock worth $79,000 after acquiring an additional 4,249 shares in the last quarter. 94.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TGI has been the subject of several research analyst reports. JPMorgan Chase & Co. cut Triumph Group from a “neutral” rating to an “underweight” rating and cut their target price for the stock from $15.00 to $12.00 in a research note on Monday, October 14th. Truist Financial dropped their price objective on Triumph Group from $15.00 to $12.00 and set a “hold” rating for the company in a research report on Friday, October 18th. The Goldman Sachs Group cut 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 report on Tuesday, August 13th. Bank of America cut shares of Triumph Group from a “buy” rating to an “underperform” rating and dropped their target price for the stock from $17.00 to $12.00 in a report on Tuesday, September 24th. Finally, Barclays decreased their price target on shares of Triumph Group from $18.00 to $16.00 and set an “overweight” rating on the stock in a report on Monday, August 12th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $14.78.

Triumph Group Price Performance

Triumph Group stock opened at $15.33 on Friday. The business has a 50 day moving average of $13.74 and a 200-day moving average of $14.38. Triumph Group, Inc. has a 1 year low of $8.89 and a 1 year high of $17.87. The company has a market capitalization of $1.19 billion, a P/E ratio of 2.31 and a beta of 2.48.

Triumph Group (NYSE:TGI) last released its quarterly earnings results on Wednesday, August 7th. The aerospace company reported ($0.06) earnings per share (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 business had revenue of $281.00 million for the quarter, compared to the consensus estimate of $274.64 million. During the same period in the previous year, the business posted ($0.10) EPS. Triumph Group’s revenue was up 6.5% on a year-over-year basis. Equities analysts anticipate that Triumph Group, Inc. will post 0.43 EPS for the current 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.