Principal Financial Group Inc. Boosts Stock Position in Triumph Group, Inc. (NYSE:TGI)

Principal Financial Group Inc. lifted its position in Triumph Group, Inc. (NYSE:TGI - Free Report) by 2.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 385,198 shares of the aerospace company's stock after purchasing an additional 10,302 shares during the quarter. Principal Financial Group Inc. owned about 0.50% of Triumph Group worth $9,761,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Sterling Capital Management LLC boosted its stake in 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 buying an additional 2,091 shares during the last quarter. KBC Group NV acquired a new position in Triumph Group during the first quarter worth $79,000. Point72 Asia Singapore Pte. Ltd. boosted its stake in Triumph Group by 58.1% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,761 shares of the aerospace company's stock worth $126,000 after buying an additional 2,484 shares during the last quarter. Brevan Howard Capital Management LP grew its holdings in shares of 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, Capula Management Ltd purchased a new position in shares of Triumph Group during the 4th quarter worth approximately $297,000. 94.53% of the stock is currently owned by hedge funds and other institutional investors.

Triumph Group Stock Down 0.1%

Shares of NYSE TGI traded down $0.02 during midday trading on Friday, hitting $25.88. The stock had a trading volume of 808,250 shares, compared to its average volume of 1,316,700. The company has a market capitalization of $2.01 billion, a price-to-earnings ratio of 49.76 and a beta of 2.26. Triumph Group, Inc. has a 1-year low of $11.01 and a 1-year high of $25.96. The company has a fifty day moving average price of $25.78 and a 200 day moving average price of $24.35.

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, beating the consensus estimate of $0.31 by $0.17. The business 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 revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.31 EPS. On average, research analysts forecast that Triumph Group, Inc. will post 0.68 EPS for the current year.

Analysts Set New Price Targets

TGI has been the topic of several research analyst reports. JPMorgan Chase & Co. upgraded Triumph Group from an "underweight" rating to a "neutral" rating and boosted their price objective for the company from $17.00 to $26.00 in a report on Tuesday, April 15th. Wall Street Zen initiated coverage on Triumph Group in a report on Tuesday, May 20th. They issued a "hold" rating on the stock. One investment 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 company presently has a consensus rating of "Hold" and a consensus price target of $20.63.

Triumph Group 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.