Rock Point Advisors LLC Has $5.79 Million Holdings in Triumph Group, Inc. (NYSE:TGI)

Rock Point Advisors LLC decreased its position in Triumph Group, Inc. (NYSE:TGI - Free Report) by 52.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 228,569 shares of the aerospace company's stock after selling 255,542 shares during the period. Triumph Group makes up 1.8% of Rock Point Advisors LLC's portfolio, making the stock its 21st largest position. Rock Point Advisors LLC owned approximately 0.30% of Triumph Group worth $5,792,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Sterling Capital Management LLC lifted its holdings in shares of Triumph Group by 804.2% in the fourth quarter. Sterling Capital Management LLC now owns 2,351 shares of the aerospace company's stock valued at $44,000 after purchasing an additional 2,091 shares in the last quarter. KBC Group NV acquired a new stake in Triumph Group in the 1st quarter valued at approximately $79,000. Point72 Asia Singapore Pte. Ltd. lifted its stake in Triumph Group by 58.1% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,761 shares of the aerospace company's stock valued at $126,000 after acquiring an additional 2,484 shares in the last quarter. Brevan Howard Capital Management LP boosted its position in Triumph Group by 17.1% during the 4th 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 during the last quarter. Finally, Capula Management Ltd bought a new position in shares of Triumph Group during the 4th quarter worth approximately $297,000. Institutional investors own 94.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TGI. Wall Street Zen assumed coverage on shares of Triumph Group in a research report on Tuesday, May 20th. They issued a "hold" rating for the company. JPMorgan Chase & Co. raised Triumph Group from an "underweight" rating to a "neutral" rating and lifted their target price for the company from $17.00 to $26.00 in a research report on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating and ten have issued a hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $20.63.

Triumph Group Price Performance

TGI stock remained flat at $25.90 during midday trading on Thursday. 504,931 shares of the company's stock were exchanged, compared to its average volume of 1,319,664. The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of 49.81 and a beta of 2.26. The stock's 50 day simple moving average is $25.74 and its 200-day simple moving average is $24.05. Triumph Group, Inc. has a 1 year low of $11.01 and a 1 year high of $25.96.

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, topping 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 74.53% and a net margin of 3.24%. The business's revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.31 earnings per share. On average, research analysts expect that Triumph Group, Inc. will post 0.68 EPS for the current year.

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.