First Eagle Investment Management LLC Purchases 70,500 Shares of Triumph Group, Inc. (NYSE:TGI)

First Eagle Investment Management LLC boosted its holdings in Triumph Group, Inc. (NYSE:TGI - Free Report) by 11.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 698,712 shares of the aerospace company's stock after acquiring an additional 70,500 shares during the period. First Eagle Investment Management LLC owned 0.91% of Triumph Group worth $10,767,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Old West Investment Management LLC grew its position in shares of Triumph Group by 11.8% in the second quarter. Old West Investment Management LLC now owns 41,861 shares of the aerospace company's stock valued at $645,000 after purchasing an additional 4,423 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Triumph Group by 12.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,054,841 shares of the aerospace company's stock valued at $16,254,000 after buying an additional 116,900 shares in the last quarter. Rock Point Advisors LLC grew its holdings in Triumph Group by 1.2% in the 2nd quarter. Rock Point Advisors LLC now owns 633,333 shares of the aerospace company's stock valued at $9,760,000 after buying an additional 7,243 shares in the last quarter. Texas Permanent School Fund Corp lifted its holdings in shares of Triumph Group by 20.8% during the second quarter. Texas Permanent School Fund Corp now owns 78,718 shares of the aerospace company's stock worth $1,213,000 after buying an additional 13,547 shares in the last quarter. Finally, Quest Partners LLC bought a new stake in shares of Triumph Group in the second quarter valued at about $41,000. Institutional investors and hedge funds own 94.53% of the company's stock.

Wall Street Analyst Weigh In

TGI has been the subject of several analyst reports. TD Cowen reiterated a "hold" rating and issued a $14.00 price objective (down previously from $19.50) on shares of Triumph Group in a research note on Tuesday, May 28th. Truist Financial downgraded shares of Triumph Group from a "buy" rating to a "hold" rating and dropped their price target for the company from $17.00 to $15.00 in a research report on Wednesday, August 21st. Jefferies Financial Group reissued a "hold" rating and set a $14.00 price target (down previously from $20.00) on shares of Triumph Group in a research report on Monday, August 12th. StockNews.com lowered Triumph Group from a "buy" rating to a "hold" rating in a research note on Saturday, June 1st. Finally, The Goldman Sachs Group downgraded Triumph Group from a "buy" rating to a "neutral" rating and cut their target price for the company from $19.00 to $15.00 in a research report on Tuesday, August 13th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $16.67.

Triumph Group Stock Down 0.4 %

Shares of TGI stock traded down $0.06 during trading hours on Friday, reaching $13.47. The company's stock had a trading volume of 2,526,820 shares, compared to its average volume of 844,224. Triumph Group, Inc. has a fifty-two week low of $7.00 and a fifty-two week high of $17.87. The firm's 50 day simple moving average is $14.50 and its 200-day simple moving average is $14.42. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of 2.05, a PEG ratio of 15.75 and a beta of 2.50.

Triumph Group (NYSE:TGI - Get Free Report) 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 business had revenue of $281.00 million during the quarter, compared to analyst estimates 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 quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the business earned ($0.10) earnings per share. Sell-side analysts predict that Triumph Group, Inc. will post 0.48 earnings per share for the current year.

Triumph Group Company 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.