Tabor Asset Management LP Buys Shares of 105,045 Triumph Group, Inc. (NYSE:TGI)

Tabor Asset Management LP bought a new stake in shares of Triumph Group, Inc. (NYSE:TGI - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. 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 as of its most recent SEC filing.

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

Triumph Group Stock Performance

Shares of NYSE:TGI traded down $0.01 during midday trading on Friday, reaching $25.89. 45,451 shares of the company's stock traded hands, compared to its average volume of 1,313,701. The company has a market cap of $2.01 billion, a price-to-earnings ratio of 49.78 and a beta of 2.26. Triumph Group, Inc. has a one year low of $11.01 and a one year high of $25.96. The stock has a 50 day moving average of $25.78 and a 200 day moving average of $24.35.

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, topping analysts' consensus estimates of $0.31 by $0.17. The business had revenue of $377.90 million during the quarter, compared to analysts' expectations of $334.04 million. Triumph Group had a negative return on equity of 74.53% and a net margin of 3.24%. The business's quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.31 earnings per share. Sell-side analysts predict that Triumph Group, Inc. will post 0.68 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. raised Triumph Group from an "underweight" rating to a "neutral" rating and upped their price target for the stock from $17.00 to $26.00 in a research note on Tuesday, April 15th. Wall Street Zen assumed coverage on Triumph Group in a research note 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 stock currently has an average rating of "Hold" and a consensus target price of $20.63.

About Triumph Group

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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