SG Americas Securities LLC Buys 45,074 Shares of Triumph Group, Inc. (NYSE:TGI)

SG Americas Securities LLC increased its stake in shares of Triumph Group, Inc. (NYSE:TGI - Free Report) by 199.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 67,719 shares of the aerospace company's stock after acquiring an additional 45,074 shares during the quarter. SG Americas Securities LLC owned approximately 0.09% of Triumph Group worth $873,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of TGI. Louisiana State Employees Retirement System grew its position in shares of Triumph Group by 1.6% in the 2nd quarter. Louisiana State Employees Retirement System now owns 38,700 shares of the aerospace company's stock worth $596,000 after buying an additional 600 shares during the last quarter. ProShare Advisors LLC grew its position in shares of Triumph Group by 7.2% in the 1st quarter. ProShare Advisors LLC now owns 13,263 shares of the aerospace company's stock worth $199,000 after buying an additional 892 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Triumph Group by 4.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 35,340 shares of the aerospace company's stock worth $545,000 after buying an additional 1,405 shares during the last quarter. Lazard Asset Management LLC grew its position in shares of Triumph Group by 98.3% in the 1st quarter. Lazard Asset Management LLC now owns 3,877 shares of the aerospace company's stock worth $58,000 after buying an additional 1,922 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Triumph Group by 10.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,493 shares of the aerospace company's stock worth $347,000 after buying an additional 2,043 shares during the last quarter. 94.53% of the stock is currently owned by institutional investors.

Triumph Group Trading Up 6.2 %

NYSE:TGI traded up $0.88 during trading hours on Friday, reaching $15.00. 3,816,588 shares of the company traded hands, compared to its average volume of 877,964. The business's 50-day moving average price is $13.34 and its two-hundred day moving average price is $14.29. The stock has a market capitalization of $1.16 billion, a P/E ratio of 2.26 and a beta of 2.49. Triumph Group, Inc. has a 1 year low of $7.07 and a 1 year high of $17.87.

Triumph Group (NYSE:TGI - Get Free Report) last announced its quarterly earnings data 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). The company had revenue of $281.00 million for the quarter, compared to analysts' expectations of $274.64 million. Triumph Group had a net margin of 40.39% and a negative return on equity of 1.77%. The firm's quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.10) EPS. As a group, equities analysts anticipate that Triumph Group, Inc. will post 0.45 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on TGI shares. The Goldman Sachs Group lowered Triumph Group from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $19.00 to $15.00 in a research report on Tuesday, August 13th. Barclays dropped their price target on Triumph Group from $18.00 to $16.00 and set an "overweight" rating on the stock in a research report on Monday, August 12th. 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. Truist Financial lowered 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. Finally, Bank of America lowered Triumph Group from a "buy" rating to an "underperform" rating and dropped their price target for the company from $17.00 to $12.00 in a research report on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $15.67.

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.