State Board of Administration of Florida Retirement System Sells 1,550 Shares of Triumph Group, Inc. (NYSE:TGI)

State Board of Administration of Florida Retirement System lessened its position in Triumph Group, Inc. (NYSE:TGI – Get Rating) by 6.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,309 shares of the aerospace company’s stock after selling 1,550 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Triumph Group were worth $256,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Credit Suisse AG lifted its holdings in Triumph Group by 1.0% during the 2nd quarter. Credit Suisse AG now owns 73,758 shares of the aerospace company’s stock valued at $980,000 after buying an additional 752 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in Triumph Group by 11.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 11,858 shares of the aerospace company’s stock valued at $102,000 after buying an additional 1,258 shares in the last quarter. UBS Group AG lifted its holdings in Triumph Group by 112.9% during the 3rd quarter. UBS Group AG now owns 3,202 shares of the aerospace company’s stock valued at $27,000 after buying an additional 1,698 shares in the last quarter. Captrust Financial Advisors lifted its holdings in Triumph Group by 141.0% during the 1st quarter. Captrust Financial Advisors now owns 2,902 shares of the aerospace company’s stock valued at $73,000 after buying an additional 1,698 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in Triumph Group by 2.5% during the 3rd quarter. Alliancebernstein L.P. now owns 75,095 shares of the aerospace company’s stock valued at $645,000 after buying an additional 1,834 shares in the last quarter. Institutional investors own 97.16% of the company’s stock.

Triumph Group Stock Down 0.9 %

Shares of Triumph Group stock opened at $12.03 on Monday. The firm’s 50 day moving average price is $10.91 and its 200-day moving average price is $11.17. Triumph Group, Inc. has a 52-week low of $7.84 and a 52-week high of $16.87. The company has a market cap of $782.07 million, a P/E ratio of 9.40, a PEG ratio of 8.55 and a beta of 2.61.

Triumph Group (NYSE:TGI – Get Rating) last issued its quarterly earnings data on Wednesday, May 17th. The aerospace company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.13. Triumph Group had a net margin of 6.50% and a negative return on equity of 7.37%. The firm had revenue of $393.30 million for the quarter, compared to the consensus estimate of $349.11 million. During the same quarter in the previous year, the firm earned $0.39 EPS. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. As a group, equities research analysts forecast that Triumph Group, Inc. will post 0.48 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Triumph Group in a report on Thursday. They set a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Triumph Group has an average rating of “Hold” and an average price target of $11.80.

Insiders Place Their Bets

In related news, Director Neal J. Keating bought 10,000 shares of the company’s stock in a transaction on Monday, March 13th. The shares were bought at an average price of $10.93 per share, with a total value of $109,300.00. Following the transaction, the director now owns 29,933 shares in the company, valued at $327,167.69. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Triumph Group news, CEO Daniel J. Crowley acquired 6,018 shares of the firm’s stock in a transaction on Monday, March 13th. The stock was acquired at an average cost of $11.01 per share, for a total transaction of $66,258.18. Following the purchase, the chief executive officer now owns 694,959 shares in the company, valued at approximately $7,651,498.59. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Neal J. Keating bought 10,000 shares of the firm’s stock in a transaction that occurred on Monday, March 13th. The stock was purchased at an average price of $10.93 per share, with a total value of $109,300.00. Following the completion of the purchase, the director now owns 29,933 shares in the company, valued at $327,167.69. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 20,000 shares of company stock valued at $220,475. Insiders own 1.90% of the company’s stock.

Triumph Group Company Profile

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Triumph Group, Inc engages in the designing, engineering, manufacturing, repairing and overhauling of aerospace and defense systems, components and structures. It operates through the following three segments: Triumph Integrated Systems, Triumph Aerospace Structures and Triumph Product Support. The Triumph Integrated Systems segment engages in designing, development and supporting proprietary components, subsystems and systems, as well as production of complex assemblies using external designs.