Kennedy Capital Management LLC Acquires 300,407 Shares of Triumph Group, Inc. (NYSE:TGI)

Kennedy Capital Management LLC raised its holdings in Triumph Group, Inc. (NYSE:TGI) 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

Several equities research analysts have commented on TGI shares. StockNews.com lowered shares of Triumph Group from a “buy” rating to a “hold” rating in a research note on Saturday, June 1st. Truist Financial dropped their price target on Triumph Group from $27.00 to $22.00 and set a “buy” rating on the stock in a report on Friday, May 24th. Barclays cut their price objective on Triumph Group from $20.00 to $18.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 29th. TD Cowen reaffirmed a “hold” rating and set a $14.00 target price (down from $19.50) on shares of Triumph Group in a research report on Tuesday, May 28th. Finally, JPMorgan Chase & Co. raised shares of Triumph Group from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $13.00 to $17.00 in a report on Monday, April 15th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $18.75.

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) 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.