Smith Graham & Co. Investment Advisors LP increased its stake in Triumph Group (NYSE: TGI – Get Rating) by 33.6% in the fourth quarter, according to a recent disclosure to the Securities and Exchange Commission (SEC). The fund owned his 493,388 shares of aerospace company stock after acquiring an additional 123,993 of his shares during the period. Smith Graham & Co. Investment Advisors LP owned approximately 0.76% of Triumph Group worth $5,190,000 at the end of the most recent reporting period.
Other big investors have also recently changed positions in the company. ProShare Advisors LLC purchased $107,000 worth of new Triumph Group shares in the fourth quarter. Bank of Montreal Can purchased new shares in Triumph Group worth $736,000 in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank increased his stake in Triumph Group by 33.8% in the fourth quarter. Zurich Kantonalbank Zurich Kantonalbank owns 9,641 shares in the aerospace company worth $101,000 after he bought an additional 2,435 shares last quarter. The New York State Common Retirement Fund increased its stake in Triumph Group by 17.4% in the fourth quarter. The New York State Common Retirement Fund now owns 645,868 shares of the aerospace company worth $6,795,000 after purchasing an additional 95,771 shares last quarter. Finally, tru Independence LLC increased its stake in Triumph Group by 0.8% in the fourth quarter. tru Independence LLC now owns 250,608 shares of the aerospace company worth $2,636,000 after purchasing an additional 1,975 shares in the previous quarter. 97.16% of the shares are owned by hedge funds and other institutional investors.
Analyst sets new price target
TGI has been the topic of many analyst reports. Robert W. Baird downgraded Triumph Group’s stock from an ‘outperform’ rating to ‘neutral’ and lowered its price target from his $20.00 to his $11.00 in a research note on Friday, Jan. 6. I pulled it down. StockNews.com began reporting on Triumph Group shares in a research note on Thursday, March 16th. They issued a “Hold” rating on the stock. Finally, Goldman Sachs Group lowered its share price target for Triumph to $12.00 from his $14.00 to $12.00 in a research note on Wednesday, January 18, giving the stock a “neutral” rating. One analyst rated the stock with a sell rating, four gave a hold rating, and one analyst issued a buy rating on the company’s stock. According to MarketBeat, Triumph Group’s current consensus valuation is ‘hold’ with a consensus target price of $13.83.
Triumph Group Stock Performance
NYSE TGI shares fell $0.14 to $11.12 in Thursday noon trading. His 30,389 shares of the company’s stock were hand traded, compared to an average turnover of 906,275. The company has a 50-day moving average of $11.67 and a 200-day moving average of $10.89. The stock has a market cap of $722.91 million, a price/earnings ratio of 8.10, a price/earnings ratio of 7.22, and a beta of 2.61. His one-year low for Triumph Group, Inc. is $7.84 and his one-year high is $26.74.
Triumph Group (NYSE:TGI – Get Rating) announced its final quarterly results on Wednesday, February 1. The aerospace company reported earnings of $0.12 per share for the quarter, beating consensus expectations of $0.11 by $0.01. Triumph Group’s return on equity was 6.20% and net profit margin was 7.04%. The business earned him $328.86 million during the third quarter, compared to consensus estimates of $308.13 million. His EPS for the company in the same period last year was $0.21. The company’s revenue for the quarter increased by 3.0% compared to the same quarter last year. On average, equity analysts expect Triumph Group, Inc. to generate earnings per share of 0.61 for the current year.
insider bet
In another piece of news, CEO Daniel J. Crowley bought 6,018 shares of stock in trading on Monday, March 13th. Shares were bought at an average of $11.01 per share, with a total trading value of $66,258.18 for him. After the transaction, the CEO now owns 694,959 shares of the company, valued at $7,651,498.59. The acquisition was disclosed in SEC filings accessible at this link. In other Triumph Group news, CEO Daniel J. Crowley said in a transaction on Friday 10 March he purchased 3,982 shares of Triumph Group stock. Shares were acquired at an average price of $11.28 per share for him, giving him a total trading value of $44,916.96. Following the completion of the acquisition, the CEO now directly owns 688,941 shares in the company, valued at approximately $7,771,254.48. The acquisition is disclosed in legal filings with the SEC, which can be accessed at this link. CEO Daniel J. Crowley also purchased 6,018 shares of the company in a transaction on Monday, March 13th. Shares were bought at an average of $11.01 per share, with a total trading value of $66,258.18 for him. Following the purchase, the CEO now owns 694,959 shares of the Company’s stock valued at approximately $7,651,498.59. For disclosure of this purchase, please click here. Insiders say that in the past three months he has acquired 20,000 shares of company stock worth $220,475. His 1.90% of the shares are owned by insiders.
Triumph Group Company Profile
(get rating)
The Triumph Group, Inc designs, engineers, manufactures, repairs and overhauls aerospace and defense systems, components and structures. The company operates in three segments: Triumph Integrated Systems, Triumph Aerospace Structures and Triumph Product Support. The Triumph Integrated Systems Division is engaged in the design, development and support of proprietary components, subsystems and systems and the production of complex assemblies using external designs.
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