Triumph Group, Inc. (NYSE:TGI) Shares Sold by Homestead Advisers Corp

Homestead Advisers Corp lessened its position in shares of Triumph Group, Inc. (NYSE:TGI - Free Report) by 49.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 157,330 shares of the aerospace company's stock after selling 153,000 shares during the quarter. Homestead Advisers Corp owned approximately 0.20% of Triumph Group worth $3,987,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of TGI. Sterling Capital Management LLC increased its holdings in Triumph Group by 804.2% in the fourth quarter. Sterling Capital Management LLC now owns 2,351 shares of the aerospace company's stock valued at $44,000 after purchasing an additional 2,091 shares during the last quarter. KBC Group NV bought a new stake in Triumph Group in the first quarter valued at about $79,000. Point72 Asia Singapore Pte. Ltd. increased its holdings in Triumph Group by 58.1% in the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,761 shares of the aerospace company's stock valued at $126,000 after purchasing an additional 2,484 shares during the last quarter. Brevan Howard Capital Management LP increased its holdings in shares of Triumph Group by 17.1% in the fourth quarter. Brevan Howard Capital Management LP now owns 12,306 shares of the aerospace company's stock worth $230,000 after acquiring an additional 1,798 shares in the last quarter. Finally, Optimist Retirement Group LLC bought a new position in shares of Triumph Group during the first quarter worth about $284,000. Institutional investors and hedge funds own 94.53% of the company's stock.

Triumph Group Stock Performance

Triumph Group stock traded down $0.01 during trading hours on Tuesday, hitting $25.86. The company had a trading volume of 676,877 shares, compared to its average volume of 1,322,471. The company has a 50-day moving average price of $25.78 and a two-hundred day moving average price of $24.48. Triumph Group, Inc. has a 1 year low of $11.01 and a 1 year high of $25.96. The firm has a market cap of $2.01 billion, a P/E ratio of 49.73 and a beta of 2.26.

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

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on TGI. Wall Street Zen began coverage on Triumph Group in a research note on Tuesday, May 20th. They set a "hold" rating on the stock. JPMorgan Chase & Co. upgraded Triumph Group from an "underweight" rating to a "neutral" rating and raised their price objective for the stock from $17.00 to $26.00 in a research note on Tuesday, April 15th. One research analyst has rated the stock with a sell rating and ten have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $20.63.

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.