SG Americas Securities LLC Has $455,000 Stock Position in Triumph Group, Inc. (NYSE:TGI)

SG Americas Securities LLC lifted its position in shares of Triumph Group, Inc. (NYSE:TGIGet Rating) by 88.2% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,017 shares of the aerospace company’s stock after buying an additional 8,442 shares during the quarter. SG Americas Securities LLC’s holdings in Triumph Group were worth $455,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. One Fin Capital Management LP grew its position in Triumph Group by 3.0% in the fourth quarter. One Fin Capital Management LP now owns 463,400 shares of the aerospace company’s stock valued at $8,587,000 after acquiring an additional 13,400 shares during the last quarter. tru Independence LLC grew its holdings in shares of Triumph Group by 3.2% during the first quarter. tru Independence LLC now owns 241,808 shares of the aerospace company’s stock worth $6,113,000 after purchasing an additional 7,475 shares during the last quarter. Rock Point Advisors LLC grew its holdings in shares of Triumph Group by 5.0% during the fourth quarter. Rock Point Advisors LLC now owns 298,998 shares of the aerospace company’s stock worth $5,540,000 after purchasing an additional 14,326 shares during the last quarter. Advisor Group Holdings Inc. lifted its stake in shares of Triumph Group by 4.9% in the fourth quarter. Advisor Group Holdings Inc. now owns 115,220 shares of the aerospace company’s stock worth $2,135,000 after acquiring an additional 5,422 shares during the period. Finally, First Eagle Investment Management LLC lifted its stake in shares of Triumph Group by 99.8% in the fourth quarter. First Eagle Investment Management LLC now owns 46,247 shares of the aerospace company’s stock worth $857,000 after acquiring an additional 23,096 shares during the period. Institutional investors and hedge funds own 95.71% of the company’s stock.

Insider Activity

In other news, Director Neal J. Keating acquired 8,000 shares of the firm’s stock in a transaction dated Friday, May 27th. The stock was purchased at an average price of $15.47 per share, for a total transaction of $123,760.00. Following the completion of the acquisition, the director now directly owns 9,080 shares in the company, valued at approximately $140,467.60. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Truist Financial cut their price objective on Triumph Group from $24.00 to $20.00 and set a “buy” rating on the stock in a research note on Tuesday, July 19th. StockNews.com lowered Triumph Group from a “hold” rating to a “sell” rating in a research note on Thursday. Robert W. Baird cut their price objective on Triumph Group from $36.00 to $26.00 and set an “outperform” rating on the stock in a research note on Thursday, May 19th. UBS Group cut their price objective on Triumph Group to $24.00 and set a “hold” rating on the stock in a research note on Thursday, May 19th. Finally, The Goldman Sachs Group dropped their price target on Triumph Group from $18.00 to $16.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 12th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $20.83.

Triumph Group Stock Performance

Shares of TGI opened at $14.42 on Friday. The firm has a market cap of $931.92 million, a PE ratio of -41.20, a price-to-earnings-growth ratio of 12.65 and a beta of 2.66. Triumph Group, Inc. has a 52-week low of $11.47 and a 52-week high of $27.85. The business’s 50 day moving average price is $14.02 and its two-hundred day moving average price is $19.43.

Triumph Group (NYSE:TGIGet Rating) last released its quarterly earnings data on Wednesday, May 18th. The aerospace company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.02). The firm had revenue of $386.70 million for the quarter, compared to the consensus estimate of $405.19 million. Triumph Group had a negative net margin of 1.61% and a negative return on equity of 6.61%. The company’s revenue was down 17.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.10 EPS. Research analysts predict that Triumph Group, Inc. will post 0.44 EPS for the current fiscal year.

About Triumph Group

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Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls, and distributes aerostructures, aircraft components, accessories, subassemblies, and systems worldwide. It operates in two segments, Triumph Systems & Support, and Triumph Aerospace Structures. 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, exhaust nozzles and ducting, 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.

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

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