Rhumbline Advisers Has $6.18 Million Position in Triumph Group, Inc. (NYSE:TGI)

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

A number of other institutional investors have also recently added to or reduced their stakes in TGI. American Century Companies Inc. acquired a new position in Triumph Group in the fourth quarter worth $30,845,000. Norges Bank acquired a new position in shares of Triumph Group in the 4th quarter valued at about $15,945,000. First Trust Advisors LP grew its position in shares of Triumph Group by 59.6% during the 4th 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 last quarter. Irenic Capital Management LP grew its position in shares of Triumph Group by 19.9% during the 4th 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 last quarter. Finally, Barclays PLC raised its stake in Triumph Group by 248.6% during the fourth quarter. Barclays PLC now owns 517,703 shares of the aerospace company's stock worth $9,660,000 after acquiring an additional 369,173 shares during the period. Institutional investors and hedge funds own 94.53% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. raised Triumph Group from an "underweight" rating to a "neutral" rating and upped their target price for the company from $17.00 to $26.00 in a report on Tuesday, April 15th. Wall Street Zen initiated coverage on Triumph Group in a research report 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 given a hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $20.63.

Triumph Group Stock Performance

Shares of TGI stock traded down $0.03 during mid-day trading on Thursday, hitting $25.85. 1,791,268 shares of the stock traded hands, compared to its average volume of 1,248,781. Triumph Group, Inc. has a twelve month low of $11.01 and a twelve month high of $25.96. The company's 50-day simple moving average is $25.39 and its 200-day simple moving average is $23.08. The firm has a market cap of $2.01 billion, a price-to-earnings ratio of 3.59 and a beta of 2.31.

Triumph Group (NYSE:TGI - Get Free Report) last released its earnings results on Wednesday, May 28th. The aerospace company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.31 by $0.17. The business had revenue of $377.90 million during the quarter, compared to analyst estimates of $334.04 million. Triumph Group had a net margin of 45.08% and a negative return on equity of 55.18%. The business's quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.31 earnings per share. Analysts forecast that Triumph Group, Inc. will post 0.68 earnings per share for the current 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.