Triumph Group, Inc. (NYSE:TGI) Holdings Lifted by GAMMA Investing LLC

GAMMA Investing LLC lifted its position in shares of Triumph Group, Inc. (NYSE:TGI - Free Report) by 3,263.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,855 shares of the aerospace company's stock after acquiring an additional 20,235 shares during the period. GAMMA Investing LLC's holdings in Triumph Group were worth $528,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in TGI. American Century Companies Inc. acquired a new stake in shares of Triumph Group during the 4th quarter valued at approximately $30,845,000. Norges Bank acquired a new stake in Triumph Group in the fourth quarter worth $15,945,000. First Trust Advisors LP increased its position in Triumph Group by 59.6% in the fourth quarter. First Trust Advisors LP now owns 1,702,245 shares of the aerospace company's stock worth $31,764,000 after buying an additional 635,568 shares during the period. Irenic Capital Management LP increased its position in Triumph Group by 19.9% in the fourth quarter. Irenic Capital Management LP now owns 3,787,022 shares of the aerospace company's stock worth $70,666,000 after buying an additional 628,296 shares during the period. Finally, Barclays PLC increased its position in Triumph Group by 248.6% in the fourth quarter. Barclays PLC now owns 517,703 shares of the aerospace company's stock worth $9,660,000 after buying an additional 369,173 shares during the period. 94.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. raised Triumph Group from an "underweight" rating to a "neutral" rating and increased their target price for the stock from $17.00 to $26.00 in a research report on Tuesday, April 15th. Wall Street Zen assumed coverage on Triumph Group in a research report on Tuesday, May 20th. They issued a "hold" rating on the stock. One analyst has rated the stock with a sell rating and ten have assigned a hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $20.63.

Triumph Group Price Performance

Shares of TGI traded up $0.04 during trading hours on Friday, reaching $25.81. 3,823,336 shares of the company's stock traded hands, compared to its average volume of 1,259,744. The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of 49.63 and a beta of 2.30. Triumph Group, Inc. has a twelve month low of $11.01 and a twelve month high of $25.96. The business's fifty day simple moving average is $25.54 and its two-hundred day simple moving average is $23.43.

Triumph Group (NYSE:TGI - Get Free Report) last issued its quarterly earnings results on Wednesday, May 28th. The aerospace company reported $0.48 EPS for the quarter, beating analysts' consensus estimates of $0.31 by $0.17. The company had revenue of $377.90 million for the quarter, compared to analyst estimates of $334.04 million. Triumph Group had a negative return on equity of 74.53% and a net margin of 3.24%. The company's quarterly revenue was up 5.4% compared to the same quarter last year. During the same period last year, the company earned $0.31 earnings per share. On average, equities research analysts expect that Triumph Group, Inc. will post 0.68 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.