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

Teacher Retirement System of Texas bought a new stake in Triumph Group, Inc. (NYSE:TGI - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 19,778 shares of the aerospace company's stock, valued at approximately $501,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Irenic Capital Management LP boosted its position in 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 worth $70,666,000 after purchasing an additional 628,296 shares during the period. First Trust Advisors LP boosted its position in 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 worth $31,764,000 after purchasing an additional 635,568 shares during the period. American Century Companies Inc. bought a new position in Triumph Group during the fourth quarter worth about $30,845,000. Norges Bank bought a new position in Triumph Group during the fourth quarter worth about $15,945,000. Finally, Invesco Ltd. boosted its position in Triumph Group by 4.6% during the fourth quarter. Invesco Ltd. now owns 838,571 shares of the aerospace company's stock worth $15,648,000 after purchasing an additional 37,253 shares during the period. Hedge funds and other institutional investors own 94.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TGI. 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 report on Tuesday, April 15th. Wall Street Zen began coverage on shares of 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 company's stock. According to MarketBeat.com, Triumph Group has an average rating of "Hold" and an average target price of $20.63.

Triumph Group Stock Down 0.0%

Shares of Triumph Group stock traded down $0.01 on Friday, hitting $25.88. The stock had a trading volume of 1,113,773 shares, compared to its average volume of 1,321,140. Triumph Group, Inc. has a one year low of $11.01 and a one year high of $25.96. The stock has a market cap of $2.01 billion, a price-to-earnings ratio of 49.77 and a beta of 2.26. The stock's 50-day simple moving average is $25.78 and its two-hundred day simple moving average is $24.44.

Triumph Group (NYSE:TGI - Get Free Report) last issued its quarterly earnings data on Wednesday, May 28th. The aerospace company reported $0.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.31 by $0.17. The business had revenue of $377.90 million for the quarter, compared to the consensus estimate 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 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 EPS. As a group, equities analysts predict that Triumph Group, Inc. will post 0.68 EPS for the current fiscal year.

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.