Teacher Retirement System of Texas Takes Position in Triumph Group, Inc. (NYSE:TGI)

Teacher Retirement System of Texas purchased a new stake in 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 purchased 19,778 shares of the aerospace company's stock, valued at approximately $501,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Rafferty Asset Management LLC boosted its stake in shares of Triumph Group by 4.7% during the 4th quarter. Rafferty Asset Management LLC now owns 19,802 shares of the aerospace company's stock worth $370,000 after acquiring an additional 896 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in shares of Triumph Group by 0.5% during the 4th quarter. Canada Pension Plan Investment Board now owns 301,400 shares of the aerospace company's stock worth $5,624,000 after buying an additional 1,400 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Triumph Group by 3.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,712 shares of the aerospace company's stock valued at $778,000 after purchasing an additional 1,563 shares in the last quarter. Brevan Howard Capital Management LP increased its holdings in Triumph Group by 17.1% in the 4th quarter. Brevan Howard Capital Management LP now owns 12,306 shares of the aerospace company's stock valued at $230,000 after purchasing an additional 1,798 shares in the last quarter. Finally, Sterling Capital Management LLC boosted its position in Triumph Group by 804.2% in the 4th quarter. Sterling Capital Management LLC now owns 2,351 shares of the aerospace company's stock valued at $44,000 after buying an additional 2,091 shares during the last quarter. Institutional investors and hedge funds own 94.53% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on TGI shares. JPMorgan Chase & Co. raised shares of Triumph Group from an "underweight" rating to a "neutral" rating and increased their price target for the stock from $17.00 to $26.00 in a research report on Tuesday, April 15th. Wall Street Zen began coverage on Triumph Group in a research report on Tuesday, May 20th. They issued a "hold" rating on the stock. One research analyst has rated the stock with a sell rating and ten have given a hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $20.63.

Triumph Group Stock Performance

NYSE:TGI traded up $0.02 during trading hours on Thursday, hitting $25.90. The stock had a trading volume of 496,266 shares, compared to its average volume of 1,318,698. Triumph Group, Inc. has a one year low of $11.01 and a one year high of $25.96. The company has a market cap of $2.01 billion, a price-to-earnings ratio of 49.80 and a beta of 2.26. The business's 50 day moving average is $25.77 and its 200-day moving average is $24.30.

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

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.