XTX Topco Ltd Acquires New Stake in Triumph Group, Inc. (NYSE:TGI)

XTX Topco Ltd bought a new position in shares of Triumph Group, Inc. (NYSE:TGI) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 44,742 shares of the aerospace company’s stock, valued at approximately $689,000. XTX Topco Ltd owned approximately 0.06% of Triumph Group at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TGI. Headlands Technologies LLC acquired a new stake in shares of Triumph Group during the first quarter worth about $35,000. Quest Partners LLC purchased a new position in Triumph Group in the 2nd quarter valued at approximately $41,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Triumph Group in the first quarter worth $56,000. Lazard Asset Management LLC boosted its holdings in Triumph Group by 98.3% in the first quarter. Lazard Asset Management LLC now owns 3,877 shares of the aerospace company’s stock valued at $58,000 after purchasing an additional 1,922 shares during the period. Finally, CWM LLC raised its position in Triumph Group by 473.7% in the 2nd quarter. CWM LLC now owns 5,146 shares of the aerospace company’s stock valued at $79,000 after purchasing an additional 4,249 shares in the last quarter. 94.53% of the stock is currently owned by hedge funds and other institutional investors.

Triumph Group Stock Down 0.4 %

NYSE:TGI opened at $13.47 on Monday. The firm’s fifty day simple moving average is $14.45 and its 200-day simple moving average is $14.41. The stock has a market cap of $1.04 billion, a PE ratio of 2.03, a price-to-earnings-growth ratio of 15.75 and a beta of 2.50. Triumph Group, Inc. has a fifty-two week low of $7.00 and a fifty-two week high of $17.87.

Triumph Group (NYSE:TGI) last posted its earnings results on Wednesday, August 7th. The aerospace company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.01). The firm had revenue of $281.00 million during the quarter, compared to analyst estimates of $274.64 million. Triumph Group had a net margin of 40.39% and a negative return on equity of 1.77%. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period last year, the company posted ($0.10) EPS. Equities analysts anticipate that Triumph Group, Inc. will post 0.48 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on TGI shares. The Goldman Sachs Group cut shares of Triumph Group from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $19.00 to $15.00 in a report on Tuesday, August 13th. StockNews.com lowered Triumph Group from a “buy” rating to a “hold” rating in a report on Saturday, June 1st. Barclays decreased their price target on Triumph Group from $18.00 to $16.00 and set an “overweight” rating for the company in a report on Monday, August 12th. Jefferies Financial Group reiterated a “hold” rating and issued a $14.00 price objective (down previously from $20.00) on shares of Triumph Group in a report on Monday, August 12th. Finally, Truist Financial cut Triumph Group from a “buy” rating to a “hold” rating and decreased their target price for the stock from $17.00 to $15.00 in a research note on Wednesday, August 21st. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $16.67.

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.