Point72 Asset Management L.P. Grows Stock Holdings in Triumph Group, Inc. (NYSE:TGI)

Point72 Asset Management L.P. raised its stake in Triumph Group, Inc. (NYSE:TGI - Free Report) by 12.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,516,707 shares of the aerospace company's stock after buying an additional 168,607 shares during the period. Point72 Asset Management L.P. owned about 1.97% of Triumph Group worth $23,372,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Headlands Technologies LLC bought a new stake in Triumph Group in the 1st quarter worth approximately $35,000. Quest Partners LLC bought a new stake in shares of Triumph Group in the 2nd quarter worth approximately $41,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Triumph Group in the 1st quarter valued at $56,000. Lazard Asset Management LLC grew its holdings in shares of Triumph Group by 98.3% during the 1st quarter. Lazard Asset Management LLC now owns 3,877 shares of the aerospace company's stock valued at $58,000 after purchasing an additional 1,922 shares during the last quarter. Finally, CWM LLC raised its position in Triumph Group by 473.7% in the 2nd quarter. CWM LLC now owns 5,146 shares of the aerospace company's stock worth $79,000 after purchasing an additional 4,249 shares during the period. 94.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on TGI. The Goldman Sachs Group lowered shares of Triumph Group from a "buy" rating to a "neutral" rating and cut their price target for the company from $19.00 to $15.00 in a research report on Tuesday, August 13th. Jefferies Financial Group restated a "hold" rating and set a $14.00 price target (down from $20.00) on shares of Triumph Group in a research report on Monday, August 12th. StockNews.com downgraded Triumph Group from a "buy" rating to a "hold" rating in a research report on Saturday, June 1st. Barclays cut their target price on shares of Triumph Group from $18.00 to $16.00 and set an "overweight" rating on the stock in a report on Monday, August 12th. Finally, Bank of America lowered shares of Triumph Group from a "buy" rating to an "underperform" rating and lowered their price target for the company from $17.00 to $12.00 in a report on Tuesday. One analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $15.67.

Triumph Group Price Performance

Triumph Group stock traded up $0.12 during mid-day trading on Friday, reaching $12.74. 576,456 shares of the company traded hands, compared to its average volume of 840,328. Triumph Group, Inc. has a 52-week low of $7.00 and a 52-week high of $17.87. The firm has a market capitalization of $985.18 million, a price-to-earnings ratio of 1.90, a P/E/G ratio of 16.21 and a beta of 2.50. The firm's 50 day moving average price is $14.13 and its 200 day moving average price is $14.37.

Triumph Group (NYSE:TGI - Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The aerospace company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.01). Triumph Group had a negative return on equity of 1.77% and a net margin of 40.39%. The company had revenue of $281.00 million during the quarter, compared to the consensus estimate of $274.64 million. During the same period in the previous year, the company earned ($0.10) earnings per share. Triumph Group's quarterly revenue was up 6.5% on a year-over-year basis. On average, sell-side analysts anticipate that Triumph Group, Inc. will post 0.47 EPS for the current year.

About Triumph Group

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.