Rhumbline Advisers Sells 11,453 Shares of Triumph Group, Inc. (NYSE:TGI)

Rhumbline Advisers trimmed its position in Triumph Group, Inc. (NYSE:TGI - Free Report) by 4.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 243,745 shares of the aerospace company's stock after selling 11,453 shares during the period. Rhumbline Advisers owned 0.31% of Triumph Group worth $6,176,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rafferty Asset Management LLC boosted its holdings in Triumph Group by 4.7% in the fourth 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 boosted its holdings in Triumph Group by 0.5% in the fourth quarter. Canada Pension Plan Investment Board now owns 301,400 shares of the aerospace company's stock worth $5,624,000 after acquiring an additional 1,400 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Triumph Group by 3.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,712 shares of the aerospace company's stock worth $778,000 after acquiring an additional 1,563 shares in the last quarter. Brevan Howard Capital Management LP boosted its holdings in Triumph Group by 17.1% in the fourth quarter. Brevan Howard Capital Management LP now owns 12,306 shares of the aerospace company's stock worth $230,000 after acquiring an additional 1,798 shares in the last quarter. Finally, Sterling Capital Management LLC boosted its holdings in Triumph Group by 804.2% in the fourth quarter. Sterling Capital Management LLC now owns 2,351 shares of the aerospace company's stock worth $44,000 after acquiring an additional 2,091 shares in the last quarter. 94.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Triumph Group Stock Performance

Shares of NYSE:TGI traded down $0.05 during midday trading on Friday, reaching $25.81. 4,580,590 shares of the company's stock traded hands, compared to its average volume of 1,266,163. The company has a market cap of $2.01 billion, a price-to-earnings ratio of 3.58 and a beta of 2.31. 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 $25.44 and a 200 day moving average of $23.20.

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, beating analysts' consensus estimates of $0.31 by $0.17. The company 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 55.18% and a net margin of 45.08%. Triumph Group'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 business earned $0.31 earnings per share. Sell-side analysts predict 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.