First Eagle Investment Management LLC Acquires 70,500 Shares of Triumph Group, Inc. (NYSE:TGI)

First Eagle Investment Management LLC increased its holdings in shares of Triumph Group, Inc. (NYSE:TGI) by 11.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 698,712 shares of the aerospace company’s stock after purchasing an additional 70,500 shares during the quarter. First Eagle Investment Management LLC’s holdings in Triumph Group were worth $10,767,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. Jade Capital Advisors LLC boosted its holdings in shares of Triumph Group by 48.4% during the 4th quarter. Jade Capital Advisors LLC now owns 460,000 shares of the aerospace company’s stock valued at $7,627,000 after acquiring an additional 150,000 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in Triumph Group by 58.9% in the second quarter. Assenagon Asset Management S.A. now owns 428,650 shares of the aerospace company’s stock worth $6,605,000 after purchasing an additional 158,893 shares during the last quarter. Vision One Management Partners LP bought a new stake in Triumph Group in the 4th quarter worth approximately $34,587,000. Gamco Investors INC. ET AL purchased a new stake in Triumph Group during the 1st quarter valued at $1,545,000. Finally, ProShare Advisors LLC lifted its holdings in shares of Triumph Group by 7.2% during the 1st quarter. ProShare Advisors LLC now owns 13,263 shares of the aerospace company’s stock valued at $199,000 after buying an additional 892 shares during the period. 94.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on TGI shares. Barclays cut their price objective on Triumph Group from $18.00 to $16.00 and set an “overweight” rating for the company in a report on Monday, August 12th. Jefferies Financial Group reiterated a “hold” rating and issued a $14.00 price objective (down previously from $20.00) on shares of Triumph Group in a research note on Monday, August 12th. The Goldman Sachs Group lowered shares of Triumph Group from a “buy” rating to a “neutral” rating and cut their target price for the company from $19.00 to $15.00 in a research report on Tuesday, August 13th. Truist Financial downgraded shares of Triumph Group from a “buy” rating to a “hold” rating and decreased their price target for the stock from $17.00 to $15.00 in a research report on Wednesday, August 21st. Finally, TD Cowen reissued a “hold” rating and set a $14.00 price objective (down previously from $19.50) on shares of Triumph Group in a research report on Tuesday, May 28th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $16.67.

Triumph Group Stock Performance

Shares of Triumph Group stock opened at $13.53 on Friday. Triumph Group, Inc. has a fifty-two week low of $7.00 and a fifty-two week high of $17.87. The company has a market capitalization of $1.05 billion, a P/E ratio of 2.04, a P/E/G ratio of 15.75 and a beta of 2.50. The company has a fifty day moving average of $14.56 and a 200 day moving average of $14.42.

Triumph Group (NYSE:TGI) last released its quarterly earnings data on Wednesday, August 7th. The aerospace company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). The business had revenue of $281.00 million during the quarter, compared to the consensus estimate of $274.64 million. Triumph Group had a negative return on equity of 1.77% and a net margin of 40.39%. The business’s revenue was up 6.5% on a year-over-year basis. During the same period last year, the company earned ($0.10) EPS. Analysts forecast that Triumph Group, Inc. will post 0.48 EPS for the current year.

About Triumph Group

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.