Illinois Municipal Retirement Fund Makes New Investment in Triumph Group, Inc. (NYSE:TGI)

Illinois Municipal Retirement Fund purchased a new stake in Triumph Group, Inc. (NYSE:TGI - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 42,211 shares of the aerospace company's stock, valued at approximately $788,000. Illinois Municipal Retirement Fund owned about 0.05% of Triumph Group as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its stake in Triumph Group by 1,189.0% in the 3rd quarter. International Assets Investment Management LLC now owns 10,312 shares of the aerospace company's stock worth $133,000 after purchasing an additional 9,512 shares in the last quarter. Centiva Capital LP acquired a new stake in shares of Triumph Group during the third quarter worth $255,000. Cornerstone Wealth Management LLC increased its holdings in shares of Triumph Group by 3.8% in the fourth quarter. Cornerstone Wealth Management LLC now owns 15,964 shares of the aerospace company's stock valued at $298,000 after purchasing an additional 580 shares during the period. GSA Capital Partners LLP boosted its position in Triumph Group by 14.1% in the third quarter. GSA Capital Partners LLP now owns 26,374 shares of the aerospace company's stock valued at $340,000 after buying an additional 3,253 shares during the last quarter. Finally, Intech Investment Management LLC increased its stake in shares of 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 acquiring an additional 12,965 shares during the period. Institutional investors and hedge funds own 94.53% of the company's stock.

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Analyst Upgrades and Downgrades

A number of analysts recently issued reports on TGI shares. Baird R W downgraded shares of Triumph Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 4th. StockNews.com began coverage on shares of Triumph Group in a research note on Saturday, March 1st. They set a "hold" rating on the stock. Barclays downgraded shares of Triumph Group from an "overweight" rating to an "equal weight" rating and increased their price objective for the company from $21.00 to $26.00 in a report on Thursday, February 6th. TD Cowen upgraded Triumph Group to a "hold" rating in a report on Thursday, December 19th. Finally, 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. Two analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $18.78.

Triumph Group Price Performance

Shares of NYSE:TGI traded up $0.08 during midday trading on Friday, reaching $25.33. 1,777,861 shares of the company's stock were exchanged, compared to its average volume of 983,007. The firm's 50 day simple moving average is $21.89 and its two-hundred day simple moving average is $17.73. Triumph Group, Inc. has a fifty-two week low of $11.01 and a fifty-two week high of $25.41. The stock has a market cap of $1.96 billion, a price-to-earnings ratio of 3.52 and a beta of 2.51.

Triumph Group (NYSE:TGI - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The aerospace company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.03. Triumph Group had a negative return on equity of 55.18% and a net margin of 45.08%. Equities research analysts predict that Triumph Group, Inc. will post 0.68 earnings per share for the current fiscal 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.