Marshall Wace LLP Purchases 247,117 Shares of Triumph Group, Inc. (NYSE:TGI)

Marshall Wace LLP boosted its holdings in shares of Triumph Group, Inc. (NYSE:TGI - Free Report) by 318.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 324,778 shares of the aerospace company's stock after purchasing an additional 247,117 shares during the period. Marshall Wace LLP owned approximately 0.42% of Triumph Group worth $5,005,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new stake in shares of Triumph Group in the 1st quarter valued at approximately $35,000. Quest Partners LLC acquired a new stake in shares of Triumph Group in the second quarter worth $41,000. Lazard Asset Management LLC grew its holdings in shares of Triumph Group by 98.3% during the first quarter. Lazard Asset Management LLC now owns 3,877 shares of the aerospace company's stock valued at $58,000 after buying an additional 1,922 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in Triumph Group during the first quarter valued at $56,000. Finally, CWM LLC lifted its stake 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 acquiring an additional 4,249 shares in the last quarter. 94.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TGI has been the topic of a number of research reports. Barclays dropped their target price on Triumph Group from $18.00 to $16.00 and set an "overweight" rating on the stock in a report on Monday, August 12th. The Goldman Sachs Group downgraded shares of Triumph Group from a "buy" rating to a "neutral" rating and cut their target price for the stock from $19.00 to $15.00 in a research report on Tuesday, August 13th. Bank of America cut 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, September 24th. Truist Financial downgraded shares of Triumph Group from a "buy" rating to a "hold" rating and dropped their price target for the stock from $17.00 to $15.00 in a research note on Wednesday, August 21st. Finally, Jefferies Financial Group reissued a "hold" rating and set a $14.00 price objective (down previously from $20.00) on shares of Triumph Group in a research report on Monday, August 12th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $15.67.

Triumph Group Stock Up 2.9 %

Shares of NYSE:TGI traded up $0.37 on Wednesday, reaching $13.16. The company had a trading volume of 695,557 shares, compared to its average volume of 837,835. The stock has a market capitalization of $1.02 billion, a P/E ratio of 1.98, a P/E/G ratio of 15.94 and a beta of 2.50. The stock has a 50-day moving average price of $13.82 and a 200 day moving average price of $14.35. Triumph Group, Inc. has a twelve month low of $7.00 and a twelve month high of $17.87.

Triumph Group (NYSE:TGI - Get Free Report) last announced its 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 for the quarter, compared to the consensus estimate of $274.64 million. During the same period in the previous year, the company earned ($0.10) EPS. The firm's revenue for the quarter was up 6.5% compared to the same quarter last year. On average, sell-side analysts predict that Triumph Group, Inc. will post 0.47 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.