International Assets Investment Management LLC Acquires 9,512 Shares of Triumph Group, Inc. (NYSE:TGI)

International Assets Investment Management LLC lifted its stake in Triumph Group, Inc. (NYSE:TGI) by 1,189.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,312 shares of the aerospace company’s stock after purchasing an additional 9,512 shares during the period. International Assets Investment Management LLC’s holdings in Triumph Group were worth $133,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in TGI. Point72 Asset Management L.P. lifted its stake in Triumph Group by 12.5% in the second quarter. Point72 Asset Management L.P. now owns 1,516,707 shares of the aerospace company’s stock valued at $23,372,000 after buying an additional 168,607 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Triumph Group by 12.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,054,841 shares of the aerospace company’s stock valued at $16,254,000 after acquiring an additional 116,900 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Triumph Group by 6.4% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 958,100 shares of the aerospace company’s stock worth $14,764,000 after acquiring an additional 57,700 shares during the last quarter. First Eagle Investment Management LLC grew its holdings in Triumph Group by 11.2% during the second quarter. First Eagle Investment Management LLC now owns 698,712 shares of the aerospace company’s stock valued at $10,767,000 after purchasing an additional 70,500 shares during the period. Finally, Rock Point Advisors LLC grew its holdings in Triumph Group by 1.2% during the second quarter. Rock Point Advisors LLC now owns 633,333 shares of the aerospace company’s stock valued at $9,760,000 after purchasing an additional 7,243 shares during the period. 94.53% of the stock is owned by institutional investors and hedge funds.

Triumph Group Stock Performance

Shares of Triumph Group stock opened at $15.33 on Friday. Triumph Group, Inc. has a 52-week low of $8.89 and a 52-week high of $17.87. The firm has a market cap of $1.19 billion, a PE ratio of 2.31 and a beta of 2.48. The business’s 50 day simple moving average is $13.74 and its 200 day simple moving average is $14.38.

Triumph Group (NYSE:TGI) last released its quarterly earnings results on Wednesday, August 7th. The aerospace company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.01). Triumph Group had a net margin of 40.39% and a negative return on equity of 1.77%. The firm had revenue of $281.00 million during the quarter, compared to the consensus estimate of $274.64 million. During the same quarter last year, the firm earned ($0.10) earnings per share. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, equities research analysts predict that Triumph Group, Inc. will post 0.43 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on TGI shares. Bank of America lowered shares of Triumph Group from a “buy” rating to an “underperform” rating and cut their target price for the stock from $17.00 to $12.00 in a report on Tuesday, September 24th. The Goldman Sachs Group lowered Triumph Group from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $19.00 to $15.00 in a report on Tuesday, August 13th. Truist Financial decreased their target price on Triumph Group from $15.00 to $12.00 and set a “hold” rating for the company in a research note on Friday, October 18th. Barclays cut their price objective on Triumph Group from $18.00 to $16.00 and set an “overweight” rating on the stock in a report on Monday, August 12th. Finally, JPMorgan Chase & Co. lowered Triumph Group from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $15.00 to $12.00 in a research report on Monday, October 14th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $14.78.

About Triumph Group

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.