Triumph Group, Inc. (NYSE:TGI) Stock Holdings Reduced by New York State Common Retirement Fund

New York State Common Retirement Fund cut its position in shares of Triumph Group, Inc. (NYSE:TGI) by 6.1% in the fourth quarter, Holdings Channel reports. The firm owned 628,970 shares of the aerospace company’s stock after selling 40,882 shares during the period. New York State Common Retirement Fund’s holdings in Triumph Group were worth $11,737,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in TGI. International Assets Investment Management LLC raised its position in Triumph Group by 1,189.0% during the third quarter. International Assets Investment Management LLC now owns 10,312 shares of the aerospace company’s stock valued at $133,000 after acquiring an additional 9,512 shares in the last quarter. Cornerstone Wealth Management LLC increased its stake in shares of Triumph Group by 3.8% during the 4th quarter. Cornerstone Wealth Management LLC now owns 15,964 shares of the aerospace company’s stock worth $298,000 after purchasing an additional 580 shares during the last quarter. Centiva Capital LP bought a new position in shares of Triumph Group during the 3rd quarter valued at $255,000. GSA Capital Partners LLP lifted its stake in shares of Triumph Group by 14.1% in the 3rd quarter. GSA Capital Partners LLP now owns 26,374 shares of the aerospace company’s stock valued at $340,000 after purchasing an additional 3,253 shares during the last quarter. Finally, Intech Investment Management LLC boosted its holdings in Triumph Group by 61.2% in the third quarter. Intech Investment Management LLC now owns 34,152 shares of the aerospace company’s stock worth $440,000 after purchasing an additional 12,965 shares in the last quarter. 94.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on TGI shares. Baird R W cut Triumph Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 4th. StockNews.com initiated coverage on Triumph Group in a report on Friday. They issued a “hold” rating for the company. Truist Financial increased their price target on Triumph Group from $19.00 to $26.00 and gave the company a “hold” rating in a report on Tuesday, February 4th. TD Cowen upgraded shares of Triumph Group to a “hold” rating in a research note on Thursday, December 19th. Finally, Wolfe Research downgraded shares of Triumph Group from an “outperform” rating to a “peer perform” rating in a report on Monday, February 10th. Two investment analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $18.78.

Triumph Group Price Performance

NYSE:TGI opened at $25.27 on Tuesday. Triumph Group, Inc. has a one year low of $11.01 and a one year high of $25.41. The company has a fifty day moving average price of $20.76 and a 200 day moving average price of $17.12. The stock has a market cap of $1.96 billion, a P/E ratio of 3.51 and a beta of 2.51.

Triumph Group (NYSE:TGI) last announced its quarterly earnings data on Monday, February 10th. The aerospace company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. Triumph Group had a net margin of 45.08% and a negative return on equity of 55.18%. As a group, equities research analysts anticipate that Triumph Group, Inc. will post 0.68 EPS 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.