Q Global Advisors LLC Has $5.55 Million Stock Position in Triumph Group, Inc. (NYSE:TGI)

Q Global Advisors LLC lessened its stake in shares of Triumph Group, Inc. (NYSE:TGI) by 69.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 334,453 shares of the aerospace company’s stock after selling 765,547 shares during the quarter. Triumph Group comprises approximately 4.2% of Q Global Advisors LLC’s holdings, making the stock its 6th largest position. Q Global Advisors LLC owned about 0.44% of Triumph Group worth $5,545,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in TGI. Vanguard Group Inc. boosted its stake in Triumph Group by 20.1% during the 3rd quarter. Vanguard Group Inc. now owns 6,910,979 shares of the aerospace company’s stock valued at $52,938,000 after purchasing an additional 1,155,919 shares during the period. Maple Rock Capital Partners Inc. boosted its stake in Triumph Group by 29.5% during the 3rd quarter. Maple Rock Capital Partners Inc. now owns 2,667,178 shares of the aerospace company’s stock valued at $20,431,000 after purchasing an additional 606,989 shares during the period. New York State Common Retirement Fund boosted its stake in Triumph Group by 18.4% during the 3rd quarter. New York State Common Retirement Fund now owns 808,042 shares of the aerospace company’s stock valued at $6,190,000 after purchasing an additional 125,498 shares during the period. Invesco Ltd. boosted its stake in Triumph Group by 24.0% during the 3rd quarter. Invesco Ltd. now owns 807,490 shares of the aerospace company’s stock valued at $6,185,000 after purchasing an additional 156,511 shares during the period. Finally, Norges Bank bought a new stake in Triumph Group during the 4th quarter valued at approximately $12,720,000. Institutional investors own 94.53% of the company’s stock.

Triumph Group Stock Up 1.8 %

Shares of Triumph Group stock traded up $0.24 during trading on Friday, reaching $13.66. 403,350 shares of the company were exchanged, compared to its average volume of 504,816. Triumph Group, Inc. has a twelve month low of $7.00 and a twelve month high of $17.27. The business has a 50-day moving average price of $14.06 and a 200-day moving average price of $12.96. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of -20.07, a P/E/G ratio of 7.44 and a beta of 2.58.

Triumph Group (NYSE:TGI) last announced its quarterly earnings data on Wednesday, February 7th. The aerospace company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.30). Triumph Group had a negative return on equity of 2.15% and a negative net margin of 3.49%. The company had revenue of $285.00 million for the quarter, compared to analyst estimates of $367.96 million. During the same period last year, the firm earned $0.12 earnings per share. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. On average, equities research analysts forecast that Triumph Group, Inc. will post -0.43 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on TGI shares. Robert W. Baird upgraded Triumph Group from a “neutral” rating to an “outperform” rating and increased their target price for the company from $13.00 to $20.00 in a research note on Tuesday, January 16th. Barclays upgraded Triumph Group from an “equal weight” rating to an “overweight” rating and set a $20.00 price objective for the company in a research report on Friday, January 5th. Truist Financial raised their price objective on Triumph Group from $17.00 to $27.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Bank of America upgraded Triumph Group from an “underperform” rating to a “buy” rating and raised their price objective for the stock from $9.00 to $21.00 in a research report on Thursday, January 25th. Finally, Wolfe Research raised Triumph Group from a “peer perform” rating to an “outperform” rating and set a $18.00 target price for the company in a report on Thursday, March 28th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $19.63.

Insider Buying and Selling at Triumph Group

In related news, Director Neal J. Keating bought 7,200 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The shares were acquired at an average price of $14.53 per share, for a total transaction of $104,616.00. Following the completion of the acquisition, the director now owns 58,987 shares of the company’s stock, valued at approximately $857,081.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.40% of the company’s stock.

About Triumph Group

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 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, 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.