Triumph Group, Inc. (NYSE:TGI) Shares Bought by AQR Capital Management LLC

AQR Capital Management LLC raised its position in shares of Triumph Group, Inc. (NYSE:TGI - Free Report) by 78.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 361,976 shares of the aerospace company's stock after acquiring an additional 159,154 shares during the quarter. AQR Capital Management LLC owned approximately 0.47% of Triumph Group worth $5,578,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in TGI. Point72 Asia Singapore Pte. Ltd. grew its stake in Triumph Group by 311.2% during the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 22,300 shares of the aerospace company's stock valued at $344,000 after acquiring an additional 16,877 shares in the last quarter. Squarepoint Ops LLC grew its position in Triumph Group by 255.7% in the second quarter. Squarepoint Ops LLC now owns 143,490 shares of the aerospace company's stock worth $2,211,000 after acquiring an additional 103,149 shares during the period. Point72 Asset Management L.P. increased its stake in Triumph Group by 12.5% during the second quarter. Point72 Asset Management L.P. now owns 1,516,707 shares of the aerospace company's stock worth $23,372,000 after acquiring an additional 168,607 shares during the last quarter. Marshall Wace LLP raised its position in Triumph Group by 318.2% in the second quarter. Marshall Wace LLP now owns 324,778 shares of the aerospace company's stock valued at $5,005,000 after purchasing an additional 247,117 shares during the period. Finally, Public Sector Pension Investment Board grew its holdings in shares of Triumph Group by 6.0% during the 2nd quarter. Public Sector Pension Investment Board now owns 169,132 shares of the aerospace company's stock worth $2,606,000 after purchasing an additional 9,642 shares during the period. 94.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on TGI shares. Barclays lowered their target price on shares of Triumph Group from $18.00 to $16.00 and set an "overweight" rating for the company in a research note on Monday, August 12th. The Goldman Sachs Group cut Triumph Group from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $19.00 to $15.00 in a research note on Tuesday, August 13th. Bank of America cut Triumph Group from a "buy" rating to an "underperform" rating and lowered their target price for the company from $17.00 to $12.00 in a report on Tuesday, September 24th. Jefferies Financial Group restated a "hold" rating and issued a $14.00 price objective (down previously from $20.00) on shares of Triumph Group in a report on Monday, August 12th. Finally, 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. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Triumph Group presently has a consensus rating of "Hold" and an average target price of $15.67.

Triumph Group Stock Performance

Shares of NYSE:TGI traded up $0.32 on Friday, hitting $12.59. 502,971 shares of the company's stock were exchanged, compared to its average volume of 804,968. The firm's 50-day moving average is $13.65 and its 200 day moving average is $14.33. Triumph Group, Inc. has a 1-year low of $7.00 and a 1-year high of $17.87. The company has a market capitalization of $973.58 million, a PE ratio of 1.90 and a beta of 2.49.

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