Old West Investment Management LLC Purchases 4,423 Shares of Triumph Group, Inc. (NYSE:TGI)

Old West Investment Management LLC lifted its position in shares of Triumph Group, Inc. (NYSE:TGI) by 11.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,861 shares of the aerospace company’s stock after acquiring an additional 4,423 shares during the quarter. Old West Investment Management LLC’s holdings in Triumph Group were worth $645,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of TGI. Louisiana State Employees Retirement System boosted its stake in shares of Triumph Group by 1.6% during the second quarter. Louisiana State Employees Retirement System now owns 38,700 shares of the aerospace company’s stock valued at $596,000 after purchasing an additional 600 shares in the last quarter. Keeley Teton Advisors LLC boosted its position in Triumph Group by 0.6% during the 4th quarter. Keeley Teton Advisors LLC now owns 120,877 shares of the aerospace company’s stock worth $2,004,000 after buying an additional 721 shares during the period. ProShare Advisors LLC grew its holdings in Triumph Group by 7.2% during the 1st quarter. ProShare Advisors LLC now owns 13,263 shares of the aerospace company’s stock worth $199,000 after acquiring an additional 892 shares during the last quarter. Lazard Asset Management LLC grew its holdings in Triumph Group by 98.3% during the 1st quarter. Lazard Asset Management LLC now owns 3,877 shares of the aerospace company’s stock worth $58,000 after acquiring an additional 1,922 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Triumph Group by 10.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,493 shares of the aerospace company’s stock valued at $347,000 after acquiring an additional 2,043 shares during the period. Institutional investors own 94.53% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on TGI. The Goldman Sachs Group cut shares of Triumph Group from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $19.00 to $15.00 in a research note on Tuesday, August 13th. StockNews.com lowered Triumph Group from a “buy” rating to a “hold” rating in a research report on Saturday, June 1st. Jefferies Financial Group restated a “hold” rating and set a $14.00 price objective (down from $20.00) on shares of Triumph Group in a research report on Monday, August 12th. TD Cowen reiterated a “hold” rating and issued a $14.00 target price (down from $19.50) on shares of Triumph Group in a report on Tuesday, May 28th. Finally, Barclays decreased their target price on shares of Triumph Group from $18.00 to $16.00 and set an “overweight” rating for the company in a research report on Monday, August 12th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $16.67.

Triumph Group Stock Performance

Shares of TGI stock opened at $12.86 on Tuesday. The company has a market cap of $990.19 million, a P/E ratio of 1.94, a PEG ratio of 17.75 and a beta of 2.50. Triumph Group, Inc. has a fifty-two week low of $7.00 and a fifty-two week high of $17.87. The stock has a 50 day simple moving average of $14.66 and a two-hundred day simple moving average of $14.44.

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 the consensus estimate of ($0.05) by ($0.01). The company had revenue of $281.00 million during the quarter, compared to the consensus estimate of $274.64 million. Triumph Group had a net margin of 40.39% and a negative return on equity of 1.77%. The business’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.10) EPS. On average, research analysts predict that Triumph Group, Inc. will post 0.45 earnings per share for the current year.

Triumph Group Profile

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.