Louisiana State Employees Retirement System Buys Shares of 38,500 Triumph Group, Inc. (NYSE:TGI)

Louisiana State Employees Retirement System acquired a new stake in Triumph Group, Inc. (NYSE:TGI) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 38,500 shares of the aerospace company’s stock, valued at approximately $638,000. Louisiana State Employees Retirement System owned approximately 0.05% of Triumph Group as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Fifth Third Bancorp increased its position in shares of Triumph Group by 1,980.2% in the 3rd quarter. Fifth Third Bancorp now owns 6,303 shares of the aerospace company’s stock valued at $48,000 after buying an additional 6,000 shares in the last quarter. International Assets Investment Management LLC increased its holdings in Triumph Group by 1,558.0% during the 4th quarter. International Assets Investment Management LLC now owns 4,974 shares of the aerospace company’s stock worth $82,000 after purchasing an additional 4,674 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Triumph Group by 11.6% during the 3rd quarter. Victory Capital Management Inc. now owns 12,351 shares of the aerospace company’s stock worth $95,000 after purchasing an additional 1,285 shares in the last quarter. Sherbrooke Park Advisers LLC bought a new position in Triumph Group during the 3rd quarter worth about $97,000. Finally, Oregon Public Employees Retirement Fund increased its holdings in Triumph Group by 11.8% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 22,673 shares of the aerospace company’s stock worth $174,000 after purchasing an additional 2,400 shares in the last quarter. Institutional investors own 94.53% of the company’s stock.

Insiders Place Their Bets

In related news, Director Neal J. Keating acquired 7,200 shares of the business’s stock in a transaction on Friday, February 9th. The stock was purchased at an average cost of $14.53 per share, for a total transaction of $104,616.00. Following the completion of the transaction, the director now directly owns 58,987 shares of the company’s stock, valued at approximately $857,081.11. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 2.40% of the company’s stock.

Analysts Set New Price Targets

TGI has been the subject of a number of research reports. The Goldman Sachs Group increased their target price on Triumph Group from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Barclays upgraded shares of Triumph Group from an “equal weight” rating to an “overweight” rating and set a $20.00 price objective for the company in a research note on Friday, January 5th. Bank of America upgraded shares of Triumph Group from an “underperform” rating to a “buy” rating and increased their price objective for the stock from $9.00 to $21.00 in a research note on Thursday, January 25th. Truist Financial increased their price objective on shares of Triumph Group from $17.00 to $27.00 and gave the stock a “buy” rating in a research note on Wednesday, January 10th. Finally, JPMorgan Chase & Co. upgraded shares of Triumph Group from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $13.00 to $17.00 in a research note on Monday, April 15th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $19.63.

Triumph Group Stock Up 1.8 %

Shares of TGI stock opened at $13.66 on Monday. The firm has a 50 day moving average price of $14.06 and a two-hundred day moving average price of $13.03. The company has a market capitalization of $1.05 billion, a PE ratio of -20.09, a price-to-earnings-growth ratio of 7.58 and a beta of 2.58. Triumph Group, Inc. has a 12-month low of $7.00 and a 12-month high of $17.27.

Triumph Group (NYSE:TGI) last issued its quarterly earnings data on Wednesday, February 7th. The aerospace company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.30). The company had revenue of $285.00 million for the quarter, compared to analyst estimates of $367.96 million. Triumph Group had a negative return on equity of 2.15% and a negative net margin of 3.49%. The company’s revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the business earned $0.12 earnings per share. As a group, research analysts expect that Triumph Group, Inc. will post -0.43 EPS for the current year.

Triumph Group Profile

Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls, and distributes aerostructures, 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, exhaust nozzles and ducting, 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.