Healthcare of Ontario Pension Plan Trust Fund Buys 57,700 Shares of Triumph Group, Inc. (NYSE:TGI)

Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Triumph Group, Inc. (NYSE:TGI - Free Report) by 6.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 958,100 shares of the aerospace company's stock after acquiring an additional 57,700 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned 1.24% of Triumph Group worth $14,764,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of TGI. Headlands Technologies LLC acquired 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 during the 2nd quarter worth $41,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Triumph Group during the 1st quarter worth $56,000. Lazard Asset Management LLC grew its stake in Triumph Group by 98.3% in the 1st 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 during the last quarter. Finally, CWM LLC raised its holdings 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 during the period. Institutional investors own 94.53% of the company's stock.

Analyst Ratings Changes

TGI has been the topic of a number of recent analyst reports. Barclays dropped their price objective on Triumph Group from $18.00 to $16.00 and set an "overweight" rating on the stock in a research note on Monday, August 12th. Jefferies Financial Group reiterated a "hold" rating and set a $14.00 price target (down from $20.00) on shares of Triumph Group in a report on Monday, August 12th. The Goldman Sachs Group cut Triumph Group from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $19.00 to $15.00 in a research report on Tuesday, August 13th. Truist Financial cut shares of Triumph Group from a "buy" rating to a "hold" rating and cut their target price for the company from $17.00 to $15.00 in a research note on Wednesday, August 21st. Finally, Bank of America downgraded shares of Triumph Group from a "buy" rating to an "underperform" rating and reduced their price target for the company from $17.00 to $12.00 in a report on Tuesday, September 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $15.67.

Triumph Group Trading Up 2.6 %

NYSE TGI traded up $0.32 on Friday, reaching $12.59. The company's stock had a trading volume of 502,971 shares, compared to its average volume of 836,608. The firm has a market cap of $969.40 million, a PE ratio of 1.89, a price-to-earnings-growth ratio of 15.94 and a beta of 2.49. Triumph Group, Inc. has a 52 week low of $7.00 and a 52 week high of $17.87. The business has a 50-day moving average price of $13.74 and a 200 day moving average price of $14.33.

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