Jade Capital Advisors LLC Increases Holdings in Triumph Group, Inc. (NYSE:TGI)

Jade Capital Advisors LLC lifted its stake in Triumph Group, Inc. (NYSE:TGI - Free Report) by 148.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 161,662 shares of the aerospace company's stock after acquiring an additional 96,662 shares during the period. Triumph Group makes up about 1.3% of Jade Capital Advisors LLC's holdings, making the stock its 23rd largest holding. Jade Capital Advisors LLC owned 0.21% of Triumph Group worth $2,084,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Headlands Technologies LLC bought a new position in shares of Triumph Group in the first quarter worth $35,000. Quest Partners LLC bought a new stake in Triumph Group during the second quarter valued at $41,000. DekaBank Deutsche Girozentrale bought a new stake in Triumph Group during the first quarter valued at $56,000. Lazard Asset Management LLC boosted its stake in 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 during the period. Finally, CWM LLC boosted its stake in Triumph Group by 473.7% during the second quarter. CWM LLC now owns 5,146 shares of the aerospace company's stock valued at $79,000 after buying an additional 4,249 shares during the period. 94.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

TGI has been the subject of several research analyst reports. Bank of America lowered Triumph Group from a "buy" rating to an "underperform" rating and dropped their price objective for the company from $17.00 to $12.00 in a research note on Tuesday, September 24th. JPMorgan Chase & Co. lowered Triumph Group from a "neutral" rating to an "underweight" rating and dropped their price target for the stock from $15.00 to $12.00 in a research note on Monday, October 14th. Barclays dropped their price target on Triumph Group from $18.00 to $16.00 and set an "overweight" rating for the company in a research note on Monday, August 12th. Jefferies Financial Group reaffirmed a "hold" rating and set a $14.00 price target (down previously from $20.00) on shares of Triumph Group in a research note on Monday, August 12th. Finally, The Goldman Sachs Group lowered Triumph Group from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $19.00 to $15.00 in a research note on Tuesday, August 13th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $14.78.

Triumph Group Stock Down 0.2 %

Shares of TGI traded down $0.03 during trading hours on Tuesday, hitting $15.07. The company had a trading volume of 736,327 shares, compared to its average volume of 882,226. The firm has a market cap of $1.17 billion, a P/E ratio of 2.26 and a beta of 2.49. The stock's 50 day moving average price is $13.48 and its 200 day moving average price is $14.30. Triumph Group, Inc. has a 52-week low of $7.19 and a 52-week high of $17.87.

Triumph Group (NYSE:TGI - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The aerospace company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.01). The company had revenue of $281.00 million during the quarter, compared to analysts' expectations 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 quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.10) EPS. On average, research analysts expect that Triumph Group, Inc. will post 0.44 EPS 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.