Rock Point Advisors LLC Sells 255,542 Shares of Triumph Group, Inc. (NYSE:TGI)

Rock Point Advisors LLC lessened its stake in Triumph Group, Inc. (NYSE:TGI - Free Report) by 52.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and 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 approximately 1.8% of Rock Point Advisors LLC's holdings, making the stock its 21st largest position. Rock Point Advisors LLC owned about 0.30% of Triumph Group worth $5,792,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. grew its position in shares of Triumph Group by 2.7% during the 1st quarter. Principal Financial Group Inc. now owns 385,198 shares of the aerospace company's stock valued at $9,761,000 after acquiring an additional 10,302 shares during the period. Teacher Retirement System of Texas bought a new stake in shares of Triumph Group during the 1st quarter valued at $501,000. KBC Group NV bought a new stake in shares of Triumph Group during the 1st quarter valued at $79,000. GAMMA Investing LLC grew its position in shares of Triumph Group by 3,263.7% during the 1st quarter. GAMMA Investing LLC now owns 20,855 shares of the aerospace company's stock valued at $528,000 after acquiring an additional 20,235 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Triumph Group by 17.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 191,866 shares of the aerospace company's stock valued at $3,580,000 after acquiring an additional 29,093 shares during the period. Institutional investors own 94.53% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on TGI shares. Wall Street Zen started coverage on shares of Triumph Group in a research report on Tuesday, May 20th. They set a "hold" rating for the company. JPMorgan Chase & Co. upgraded shares of 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 note on Tuesday, April 15th. One analyst has rated the stock with a sell rating and ten have issued a hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $20.63.

Triumph Group Stock Up 0.1%

TGI stock traded up $0.03 during mid-day trading on Friday, hitting $25.90. The company had a trading volume of 572,700 shares, compared to its average volume of 1,319,209. The company has a market capitalization of $2.01 billion, a price-to-earnings ratio of 49.80 and a beta of 2.26. Triumph Group, Inc. has a 12-month low of $11.01 and a 12-month high of $25.96. The company has a 50-day moving average price of $25.75 and a 200 day moving average price of $24.16.

Triumph Group (NYSE:TGI - Get Free Report) last announced its quarterly earnings results on Wednesday, May 28th. The aerospace company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.31 by $0.17. The business had revenue of $377.90 million for the quarter, compared to analysts' expectations of $334.04 million. Triumph Group had a net margin of 3.24% and a negative return on equity of 74.53%. The business's quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.31 EPS. As a group, analysts expect that Triumph Group, Inc. will post 0.68 EPS 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.