Triumph Group, Inc. (NYSE:TGI) Holdings Lowered by New York State Common Retirement Fund

New York State Common Retirement Fund lessened its stake in shares of Triumph Group, Inc. (NYSE:TGI) by 6.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 628,970 shares of the aerospace company’s stock after selling 40,882 shares during the quarter. New York State Common Retirement Fund owned about 0.81% of Triumph Group worth $11,737,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in TGI. State Street Corp boosted its stake in Triumph Group by 7.8% during the 3rd quarter. State Street Corp now owns 4,447,835 shares of the aerospace company’s stock valued at $57,333,000 after purchasing an additional 322,048 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Triumph Group by 124.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,318,285 shares of the aerospace company’s stock valued at $43,259,000 after buying an additional 1,286,568 shares during the period. Geode Capital Management LLC boosted its stake in Triumph Group by 8.1% during the third quarter. Geode Capital Management LLC now owns 1,732,791 shares of the aerospace company’s stock valued at $22,340,000 after buying an additional 129,391 shares in the last quarter. Fisher Asset Management LLC grew its holdings in Triumph Group by 0.3% during the third quarter. Fisher Asset Management LLC now owns 1,552,527 shares of the aerospace company’s stock worth $20,012,000 after acquiring an additional 5,377 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its position in Triumph Group by 4.3% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 998,900 shares of the aerospace company’s stock worth $12,876,000 after acquiring an additional 40,800 shares in the last quarter. Institutional investors and hedge funds own 94.53% of the company’s stock.

Triumph Group Trading Up 0.0 %

Shares of TGI stock opened at $25.27 on Tuesday. The company has a market capitalization of $1.96 billion, a price-to-earnings ratio of 3.51 and a beta of 2.51. Triumph Group, Inc. has a 1-year low of $11.01 and a 1-year high of $25.41. The stock’s fifty day simple moving average is $20.76 and its 200-day simple moving average is $17.12.

Triumph Group (NYSE:TGI) last announced its quarterly earnings data on Monday, February 10th. The aerospace company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. Triumph Group had a negative return on equity of 55.18% and a net margin of 45.08%. On average, sell-side analysts predict that Triumph Group, Inc. will post 0.68 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on TGI shares. TD Cowen upgraded shares of Triumph Group to a “hold” rating in a research report on Thursday, December 19th. Wolfe Research cut shares of Triumph Group from an “outperform” rating to a “peer perform” rating in a report on Monday, February 10th. Barclays cut Triumph Group from an “overweight” rating to an “equal weight” rating and upped their price target for the company from $21.00 to $26.00 in a report on Thursday, February 6th. Baird R W lowered Triumph Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Finally, Truist Financial boosted their target price on Triumph Group from $19.00 to $26.00 and gave the stock a “hold” rating in a research report on Tuesday, February 4th. Two equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $18.78.

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.