Algert Global LLC Acquires 22,537 Shares of Triumph Group, Inc. (NYSE:TGI)

Algert Global LLC increased its holdings in shares of Triumph Group, Inc. (NYSE:TGI) by 11.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 225,727 shares of the aerospace company’s stock after acquiring an additional 22,537 shares during the period. Algert Global LLC owned about 0.29% of Triumph Group worth $3,478,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of TGI. Headlands Technologies LLC bought a new stake in Triumph Group during the 1st quarter worth approximately $35,000. Quest Partners LLC bought a new stake in Triumph Group during the 2nd quarter worth approximately $41,000. DekaBank Deutsche Girozentrale bought a new stake in Triumph Group during the 1st quarter worth approximately $56,000. Lazard Asset Management LLC boosted its position in Triumph Group by 98.3% in the 1st quarter. Lazard Asset Management LLC now owns 3,877 shares of the aerospace company’s stock valued at $58,000 after buying an additional 1,922 shares during the last quarter. Finally, CWM LLC boosted 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 buying an additional 4,249 shares during the last quarter. 94.53% of the stock is currently owned by institutional investors.

Triumph Group Stock Up 1.2 %

Shares of Triumph Group stock opened at $12.90 on Tuesday. Triumph Group, Inc. has a 12 month low of $7.00 and a 12 month high of $17.87. The business has a fifty day simple moving average of $13.97 and a 200 day simple moving average of $14.36. The stock has a market cap of $997.17 million, a PE ratio of 1.94, a price-to-earnings-growth ratio of 15.94 and a beta of 2.50.

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 business had revenue of $281.00 million for the quarter, compared to the consensus estimate of $274.64 million. Triumph Group had a negative return on equity of 1.77% and a net margin of 40.39%. The business’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.10) earnings per share. Analysts expect that Triumph Group, Inc. will post 0.47 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on the company. Jefferies Financial Group reiterated a “hold” rating and issued a $14.00 price objective (down from $20.00) on shares of Triumph Group in a research report on Monday, August 12th. Bank of America lowered Triumph Group from a “buy” rating to an “underperform” rating and decreased their price objective for the company from $17.00 to $12.00 in a research report on Tuesday, September 24th. The Goldman Sachs Group lowered Triumph Group from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $19.00 to $15.00 in a research report on Tuesday, August 13th. Truist Financial lowered Triumph Group from a “buy” rating to a “hold” rating and decreased their price objective for the company from $17.00 to $15.00 in a research report on Wednesday, August 21st. Finally, Barclays decreased their price objective on Triumph Group from $18.00 to $16.00 and set an “overweight” rating on the stock in a research report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $15.67.

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.