UBS Asset Management Americas Inc. Increases Position in Triumph Group, Inc. (TGI)

UBS Asset Management Americas Inc. increased its position in shares of Triumph Group, Inc. (NYSE:TGI) by 20.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,362 shares of the aerospace company’s stock after buying an additional 6,940 shares during the period. UBS Asset Management Americas Inc. owned about 0.08% of Triumph Group worth $1,065,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of Montreal Can raised its position in shares of Triumph Group by 8.0% in the first quarter. Bank of Montreal Can now owns 5,252 shares of the aerospace company’s stock worth $135,000 after buying an additional 391 shares during the last quarter. State of Alaska Department of Revenue bought a new position in shares of Triumph Group during the first quarter worth $140,000. Thrivent Financial for Lutherans raised its position in shares of Triumph Group by 9.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 8,510 shares of the aerospace company’s stock worth $226,000 after buying an additional 750 shares during the last quarter. Capstone Asset Management Co. bought a new position in shares of Triumph Group during the first quarter worth $278,000. Finally, Rathbone Brothers plc bought a new position in shares of Triumph Group during the first quarter worth $515,000.

Triumph Group, Inc. (NYSE TGI) opened at 33.50 on Tuesday. The firm’s market capitalization is $1.66 billion. Triumph Group, Inc. has a one year low of $19.65 and a one year high of $39.92. The company’s 50-day moving average is $29.57 and its 200-day moving average is $27.01.

Triumph Group (NYSE:TGI) last issued its quarterly earnings data on Wednesday, May 24th. The aerospace company reported $3.09 earnings per share for the quarter, beating the consensus estimate of $1.40 by $1.69. Triumph Group had a positive return on equity of 32.58% and a negative net margin of 1.22%. The business had revenue of $919.90 million for the quarter, compared to analysts’ expectations of $923.93 million. During the same period last year, the business earned $1.32 EPS. The business’s revenue was down 13.0% on a year-over-year basis. Equities analysts forecast that Triumph Group, Inc. will post $3.74 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “UBS Asset Management Americas Inc. Increases Position in Triumph Group, Inc. (TGI)” was originally reported by Transcript Daily and is the property of of Transcript Daily. If you are viewing this story on another site, it was stolen and republished in violation of international copyright and trademark law. The legal version of this story can be viewed at https://transcriptdaily.com/2017/07/18/ubs-asset-management-americas-inc-increases-position-in-triumph-group-inc-tgi.html.

A number of brokerages have weighed in on TGI. Jefferies Group LLC set a $29.00 price target on shares of Triumph Group and gave the company a “buy” rating in a research note on Saturday, May 6th. BidaskClub raised shares of Triumph Group from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 5th. ValuEngine lowered shares of Triumph Group from a “buy” rating to a “hold” rating in a research note on Friday, May 26th. Standpoint Research lowered shares of Triumph Group from a “buy” rating to a “reduce” rating in a research note on Thursday, May 25th. They noted that the move was a valuation call. Finally, Canaccord Genuity lifted their price target on shares of Triumph Group from $30.00 to $34.00 and gave the company a “hold” rating in a research note on Thursday, May 25th. Five investment analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $32.50.

About Triumph Group

Institutional Ownership by Quarter for Triumph Group (NYSE:TGI)

Receive News & Ratings for Triumph Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Triumph Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply