Tabor Asset Management LP Makes New $2.66 Million Investment in Triumph Group, Inc. (NYSE:TGI)

Tabor Asset Management LP bought a new stake in shares of Triumph Group, Inc. (NYSE:TGI - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 105,045 shares of the aerospace company's stock, valued at approximately $2,662,000. Tabor Asset Management LP owned approximately 0.14% of Triumph Group at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its position in Triumph Group by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 385,198 shares of the aerospace company's stock worth $9,761,000 after purchasing an additional 10,302 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in Triumph Group in the 1st quarter valued at approximately $501,000. KBC Group NV acquired a new position in Triumph Group in the 1st quarter valued at approximately $79,000. GAMMA Investing LLC increased its stake in shares of Triumph Group by 3,263.7% during the 1st quarter. GAMMA Investing LLC now owns 20,855 shares of the aerospace company's stock worth $528,000 after purchasing an additional 20,235 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Triumph Group by 17.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 191,866 shares of the aerospace company's stock valued at $3,580,000 after buying an additional 29,093 shares during the last quarter. Institutional investors and hedge funds own 94.53% of the company's stock.

Triumph Group Stock Performance

TGI stock traded down $0.01 during trading on Monday, hitting $25.88. 189,506 shares of the company's stock traded hands, compared to its average volume of 1,316,634. Triumph Group, Inc. has a 52 week low of $11.01 and a 52 week high of $25.96. The stock has a market capitalization of $2.01 billion, a price-to-earnings ratio of 49.76 and a beta of 2.26. The business has a fifty day simple moving average of $25.78 and a 200 day simple moving average of $24.48.

Triumph Group (NYSE:TGI - Get Free Report) last released its earnings results on Wednesday, May 28th. The aerospace company reported $0.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.31 by $0.17. The business had revenue of $377.90 million during 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 company's revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.31 earnings per share. Research analysts forecast that Triumph Group, Inc. will post 0.68 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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