Tabor Asset Management LP Takes Position in 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 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 105,045 shares of the aerospace company's stock, valued at approximately $2,662,000. Tabor Asset Management LP owned about 0.14% of Triumph Group as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in the business. Raymond James Financial Inc. bought a new position in Triumph Group in the 4th quarter worth about $1,095,000. American Century Companies Inc. bought a new position in shares of Triumph Group in the 4th quarter worth approximately $30,845,000. Sei Investments Co. bought a new position in shares of Triumph Group in the 4th quarter worth approximately $4,025,000. KLP Kapitalforvaltning AS bought a new position in shares of Triumph Group in the 4th quarter worth approximately $310,000. Finally, WINTON GROUP Ltd bought a new position in shares of Triumph Group in the 4th quarter worth approximately $1,031,000. 94.53% of the stock is currently owned by hedge funds and other institutional investors.

Triumph Group Stock Performance

NYSE TGI traded down $0.01 on Monday, hitting $25.88. 63,387 shares of the stock were exchanged, compared to its average volume of 1,316,246. The stock has a fifty day moving average price of $25.78 and a two-hundred day moving average price of $24.48. The firm has a market capitalization of $2.01 billion, a P/E ratio of 49.76 and a beta of 2.26. Triumph Group, Inc. has a 52-week low of $11.01 and a 52-week high of $25.96.

Triumph Group (NYSE:TGI - Get Free Report) last posted its quarterly earnings data on Wednesday, May 28th. The aerospace company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.31 by $0.17. The company 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%. Triumph Group's quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.31 earnings per share. Sell-side analysts expect that Triumph Group, Inc. will post 0.68 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Wall Street Zen started coverage on shares of Triumph Group in a research note on Tuesday, May 20th. They set a "hold" rating on the stock. JPMorgan Chase & Co. upgraded shares of Triumph Group from an "underweight" rating to a "neutral" rating and lifted their price objective for the company from $17.00 to $26.00 in a research report on Tuesday, April 15th. One research analyst has rated the stock with a sell rating and ten have assigned a hold rating to the stock. According to data from MarketBeat, the stock presently 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.

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