State of Alaska Department of Revenue Sells 973 Shares of Triumph Group, Inc. (NYSE:TGI)

State of Alaska Department of Revenue reduced its position in shares of Triumph Group, Inc. (NYSE:TGI) by 2.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 44,127 shares of the aerospace company’s stock after selling 973 shares during the period. State of Alaska Department of Revenue owned 0.06% of Triumph Group worth $568,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new stake in Triumph Group during the 1st quarter valued at $35,000. Quest Partners LLC bought a new stake in shares of Triumph Group during the 2nd quarter valued at $41,000. Lazard Asset Management LLC grew its stake in shares of Triumph Group by 98.3% during the 1st quarter. Lazard Asset Management LLC now owns 3,877 shares of the aerospace company’s stock valued at $58,000 after acquiring an additional 1,922 shares during the period. DekaBank Deutsche Girozentrale bought a new position in Triumph Group in the 1st quarter worth $56,000. Finally, CWM LLC raised its stake in Triumph Group by 473.7% during 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 during the period. Hedge funds and other institutional investors own 94.53% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on TGI. JPMorgan Chase & Co. lowered shares of Triumph Group from a “neutral” rating to an “underweight” rating and lowered their target price for the stock from $15.00 to $12.00 in a report on Monday, October 14th. Truist Financial reduced their price target on shares of Triumph Group from $15.00 to $12.00 and set a “hold” rating for the company in a report on Friday, October 18th. Bank of America downgraded shares of Triumph Group from a “buy” rating to an “underperform” rating and dropped their price objective for the company from $17.00 to $12.00 in a research note on Tuesday, September 24th. The Goldman Sachs Group lowered Triumph Group from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $19.00 to $15.00 in a report on Tuesday, August 13th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $14.00 price target (down from $20.00) on shares of Triumph Group in a report on Monday, August 12th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Triumph Group currently has an average rating of “Hold” and a consensus price target of $14.78.

Triumph Group Trading Down 2.5 %

Shares of TGI opened at $15.33 on Friday. The firm has a market cap of $1.19 billion, a PE ratio of 2.31 and a beta of 2.48. The company’s 50 day simple moving average is $13.74 and its 200-day simple moving average is $14.38. Triumph Group, Inc. has a 12-month low of $8.89 and a 12-month high of $17.87.

Triumph Group (NYSE:TGI) last released its earnings results on Wednesday, August 7th. The aerospace company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $281.00 million during the quarter, compared to analyst estimates of $274.64 million. During the same period last year, the business posted ($0.10) EPS. Triumph Group’s revenue was up 6.5% compared to the same quarter last year. As a group, equities research analysts forecast that Triumph Group, Inc. will post 0.43 EPS for the current fiscal year.

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.