Kennedy Capital Management LLC raised its holdings in Triumph Group, Inc. (NYSE:TGI – Free Report) by 199.6% during the first quarter, Holdings Channel reports. The institutional investor owned 450,918 shares of the aerospace company’s stock after buying an additional 300,407 shares during the quarter. Kennedy Capital Management LLC’s holdings in Triumph Group were worth $6,782,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in TGI. Lazard Asset Management LLC raised its stake in shares of Triumph Group by 98.3% in the first quarter. Lazard Asset Management LLC now owns 3,877 shares of the aerospace company’s stock worth $58,000 after purchasing an additional 1,922 shares during the last quarter. Gabelli Funds LLC purchased a new position in Triumph Group during the 1st quarter worth $553,000. Keeley Teton Advisors LLC grew its stake in shares of Triumph Group by 12.8% in the 1st quarter. Keeley Teton Advisors LLC now owns 136,406 shares of the aerospace company’s stock worth $2,052,000 after acquiring an additional 15,529 shares in the last quarter. Gamco Investors INC. ET AL purchased a new stake in shares of Triumph Group in the first quarter valued at about $1,545,000. Finally, EntryPoint Capital LLC bought a new position in shares of Triumph Group during the first quarter valued at about $172,000. Institutional investors and hedge funds own 94.53% of the company’s stock.
Insider Buying and Selling
In other news, Director Cynthia M. Egnotovich purchased 10,000 shares of the firm’s stock in a transaction dated Thursday, June 6th. The shares were purchased at an average price of $15.14 per share, with a total value of $151,400.00. Following the completion of the acquisition, the director now owns 32,561 shares in the company, valued at approximately $492,973.54. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 2.31% of the stock is owned by insiders.
Analyst Ratings Changes
Get Our Latest Stock Report on TGI
Triumph Group Price Performance
Shares of NYSE TGI traded up $0.14 during trading on Wednesday, reaching $16.40. 26,449 shares of the stock traded hands, compared to its average volume of 805,876. The stock has a market capitalization of $1.26 billion, a P/E ratio of 2.45, a price-to-earnings-growth ratio of 19.73 and a beta of 2.53. Triumph Group, Inc. has a 52-week low of $7.00 and a 52-week high of $17.87. The company has a 50-day moving average of $15.33 and a 200-day moving average of $14.77.
Triumph Group (NYSE:TGI – Get Free Report) last announced its quarterly earnings data on Thursday, May 23rd. The aerospace company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.19. The business had revenue of $358.60 million for the quarter, compared to analysts’ expectations of $341.95 million. Triumph Group had a negative return on equity of 0.78% and a net margin of 39.09%. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.39 EPS. Analysts expect that Triumph Group, Inc. will post 0.48 earnings per share for the current fiscal year.
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.
Read More
- Five stocks we like better than Triumph Group
- Quiet Period Expirations Explained
- Joby Aviation Stock: The Case for Upside Just Got Stronger
- What Are Trending Stocks? Trending Stocks Explained
- Conviction Firms for Microsoft’s Double-Digit Stock Upside
- Insider Selling Explained: Can it Inform Your Investing Choices?
- 5 Aggressive Growth Stocks for Long-Term Investors
Want to see what other hedge funds are holding TGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Triumph Group, Inc. (NYSE:TGI – Free Report).
Receive News & Ratings for Triumph Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Triumph Group and related companies with MarketBeat.com's FREE daily email newsletter.