Alpine Associates Management Inc. purchased a new stake in shares of Triumph Group, Inc. (NYSE:TGI - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 682,000 shares of the aerospace company's stock, valued at approximately $17,282,000. Alpine Associates Management Inc. owned about 0.88% of Triumph Group at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in TGI. Sterling Capital Management LLC increased its position in shares of Triumph Group by 804.2% during the fourth quarter. Sterling Capital Management LLC now owns 2,351 shares of the aerospace company's stock worth $44,000 after acquiring an additional 2,091 shares during the period. KBC Group NV purchased a new position in Triumph Group in the first quarter valued at $79,000. Point72 Asia Singapore Pte. Ltd. grew its stake in Triumph Group by 58.1% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,761 shares of the aerospace company's stock worth $126,000 after purchasing an additional 2,484 shares in the last quarter. Brevan Howard Capital Management LP increased its holdings in Triumph Group by 17.1% during the 4th quarter. Brevan Howard Capital Management LP now owns 12,306 shares of the aerospace company's stock worth $230,000 after purchasing an additional 1,798 shares during the period. Finally, Optimist Retirement Group LLC acquired a new stake in Triumph Group in the 1st quarter valued at about $284,000. 94.53% of the stock is owned by hedge funds and other institutional investors.
Triumph Group Stock Up 0.6%
Triumph Group stock traded up $0.16 during mid-day trading on Friday, hitting $26.01. The company had a trading volume of 6,527,511 shares, compared to its average volume of 1,331,459. Triumph Group, Inc. has a 1 year low of $11.01 and a 1 year high of $26.03. The business has a fifty day moving average of $25.84 and a 200 day moving average of $24.95. The stock has a market cap of $2.02 billion, a price-to-earnings ratio of 50.01 and a beta of 2.26.
Triumph Group (NYSE:TGI - Get Free Report) last issued its earnings results on Wednesday, May 28th. The aerospace company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.17. Triumph Group had a net margin of 3.24% and a negative return on equity of 74.53%. The business had revenue of $377.90 million during the quarter, compared to analysts' expectations of $334.04 million. During the same quarter in the prior year, the business posted $0.31 EPS. The company's revenue for the quarter was up 5.4% on a year-over-year basis. Equities analysts anticipate that Triumph Group, Inc. will post 0.68 earnings per share for the current year.
Analyst Ratings Changes
TGI has been the topic of a number of recent research reports. Wall Street Zen started coverage on shares of Triumph Group in a research note on Tuesday, May 20th. They set a "hold" rating on the stock. JPMorgan Chase & Co. upgraded shares of Triumph Group from an "underweight" rating to a "neutral" rating and boosted their price target for the stock from $17.00 to $26.00 in a report on Tuesday, April 15th. One research analyst has rated the stock with a sell rating and ten have issued a hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $20.63.
Check Out Our Latest Stock Analysis on Triumph Group
About Triumph Group
(
Free Report)
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.
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