Hanson & Doremus Investment Management Reduces Stock Position in Triumph Group Inc (NYSE:TGI)

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Hanson & Doremus Investment Management lowered its stake in Triumph Group Inc (NYSE:TGI) by 1.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,865 shares of the aerospace company’s stock after selling 703 shares during the quarter. Hanson & Doremus Investment Management owned 0.07% of Triumph Group worth $906,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Metropolitan Life Insurance Co NY boosted its holdings in Triumph Group by 4.4% in the third quarter. Metropolitan Life Insurance Co NY now owns 16,689 shares of the aerospace company’s stock worth $382,000 after purchasing an additional 704 shares during the last quarter. Voloridge Investment Management LLC bought a new position in Triumph Group in the third quarter worth approximately $228,000. Barclays PLC raised its position in Triumph Group by 151.3% in the third quarter. Barclays PLC now owns 238,759 shares of the aerospace company’s stock worth $5,464,000 after acquiring an additional 143,738 shares during the period. California State Teachers Retirement System raised its position in Triumph Group by 1.4% in the third quarter. California State Teachers Retirement System now owns 77,477 shares of the aerospace company’s stock worth $1,773,000 after acquiring an additional 1,103 shares during the period. Finally, Tower Research Capital LLC TRC raised its position in Triumph Group by 188.8% in the third quarter. Tower Research Capital LLC TRC now owns 3,321 shares of the aerospace company’s stock worth $76,000 after acquiring an additional 2,171 shares during the period.

Several research analysts have weighed in on the stock. ValuEngine downgraded shares of Triumph Group from a “sell” rating to a “strong sell” rating in a research report on Friday, December 27th. Cowen reiterated a “hold” rating and issued a $22.00 price target on shares of Triumph Group in a research report on Thursday, November 7th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $25.40.

Shares of TGI stock traded up $0.38 on Thursday, hitting $23.44. 54,311 shares of the stock traded hands, compared to its average volume of 406,345. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 9.41, a PEG ratio of 1.91 and a beta of 2.83. Triumph Group Inc has a 52 week low of $13.00 and a 52 week high of $29.38. The firm has a 50 day simple moving average of $26.55 and a two-hundred day simple moving average of $23.95.

Triumph Group (NYSE:TGI) last announced its quarterly earnings data on Thursday, November 7th. The aerospace company reported $0.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.04. The firm had revenue of $772.10 million for the quarter, compared to the consensus estimate of $717.39 million. Triumph Group had a negative net margin of 5.34% and a negative return on equity of 26.83%. The company’s revenue was down 9.7% on a year-over-year basis. During the same period last year, the firm earned $0.40 EPS. Analysts forecast that Triumph Group Inc will post 2.54 earnings per share for the current fiscal year.

Triumph Group Profile

Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls, and distributes aerostructures, aircraft components, accessories, subassemblies, and systems worldwide. The company operates in three segments: Integrated Systems, Aerospace Structures, and Product Support. It offers aircraft and engine-mounted accessory drives, thermal control systems and components, cargo hooks, high lift actuations, cockpit control levers, hydraulic systems and components, landing gear actuation systems, control system valve bodies, landing gear components and assemblies, electronic engine controls, main engine gear box assemblies, exhaust nozzles and ducting, fuel pumps, geared transmissions and drive train components, secondary flight control systems, fuel metering units, and vibration absorbers.

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Institutional Ownership by Quarter for Triumph Group (NYSE:TGI)

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