Rock Point Advisors LLC Decreases Stock Position in Triumph Group, Inc. (NYSE:TGI)

Rock Point Advisors LLC cut its holdings in shares of Triumph Group, Inc. (NYSE:TGI - Free Report) by 52.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 biggest position. Rock Point Advisors LLC owned about 0.30% of Triumph Group worth $5,792,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Irenic Capital Management LP boosted its position in shares of 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 valued at $70,666,000 after buying an additional 628,296 shares during the last quarter. First Trust Advisors LP boosted its position in shares of 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 valued at $31,764,000 after buying an additional 635,568 shares during the last quarter. American Century Companies Inc. purchased a new stake in shares of Triumph Group during the fourth quarter valued at $30,845,000. Norges Bank purchased a new stake in shares of Triumph Group during the fourth quarter valued at $15,945,000. Finally, Invesco Ltd. boosted its position in shares of Triumph Group by 4.6% during the fourth quarter. Invesco Ltd. now owns 838,571 shares of the aerospace company's stock valued at $15,648,000 after buying an additional 37,253 shares during the last quarter. 94.53% of the stock is owned by hedge funds and other institutional investors.

Triumph Group Stock Performance

Shares of NYSE TGI traded up $0.03 during trading on Friday, hitting $25.90. The company had a trading volume of 572,700 shares, compared to its average volume of 1,322,878. The stock has a 50 day simple moving average of $25.75 and a 200 day simple moving average of $24.23. Triumph Group, Inc. has a 12 month low of $11.01 and a 12 month high of $25.96. The firm has a market capitalization of $2.01 billion, a P/E ratio of 49.80 and a beta of 2.26.

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, topping the consensus estimate of $0.31 by $0.17. Triumph Group had a negative return on equity of 74.53% and a net margin of 3.24%. The firm had revenue of $377.90 million for the quarter, compared to the consensus estimate of $334.04 million. During the same quarter last year, the company earned $0.31 earnings per share. The business's revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, analysts predict that Triumph Group, Inc. will post 0.68 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Wall Street Zen assumed coverage on Triumph Group in a research report on Tuesday, May 20th. They set a "hold" rating on the stock. JPMorgan Chase & Co. raised Triumph Group from an "underweight" rating to a "neutral" rating and increased their target price for the company 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $20.63.

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.