Sanders Morris Harris Inc. purchased a new position in Triumph Group Inc (NYSE:TGI) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 60,610 shares of the aerospace company’s stock, valued at approximately $1,561,000. Sanders Morris Harris Inc. owned 0.12% of Triumph Group as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of TGI. Alambic Investment Management L.P. boosted its stake in shares of Triumph Group by 177.4% in the third quarter. Alambic Investment Management L.P. now owns 55,900 shares of the aerospace company’s stock worth $1,558,000 after buying an additional 35,750 shares during the last quarter. Capital Fund Management S.A. boosted its stake in shares of Triumph Group by 46.5% in the third quarter. Capital Fund Management S.A. now owns 159,113 shares of the aerospace company’s stock worth $4,436,000 after buying an additional 50,471 shares during the last quarter. Peregrine Capital Management LLC bought a new stake in shares of Triumph Group during the third quarter worth approximately $9,761,000. TD Asset Management Inc. boosted its stake in shares of Triumph Group by 36.9% in the third quarter. TD Asset Management Inc. now owns 27,800 shares of the aerospace company’s stock worth $775,000 after buying an additional 7,500 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Triumph Group by 30.6% in the third quarter. Bank of New York Mellon Corp now owns 718,103 shares of the aerospace company’s stock worth $20,021,000 after buying an additional 168,065 shares during the last quarter. Institutional investors and hedge funds own 98.78% of the company’s stock.

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

Triumph Group Inc (NYSE:TGI) traded down 1.224% during mid-day trading on Friday, hitting $26.225. The company had a trading volume of 288,522 shares. The company has a 50-day moving average price of $25.24 and a 200 day moving average price of $26.31. Triumph Group Inc has a 12 month low of $22.40 and a 12 month high of $40.09. The firm’s market capitalization is $1.30 billion.



Triumph Group (NYSE:TGI) last posted its quarterly earnings results on Thursday, February 2nd. The aerospace company reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.15. The business earned $844.90 million during the quarter, compared to analyst estimates of $859.86 million. Triumph Group had a positive return on equity of 22.67% and a negative net margin of 27.13%. The business’s revenue was down 7.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.39 earnings per share. Equities analysts forecast that Triumph Group Inc will post $3.16 EPS for the current fiscal year.

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TGI has been the subject of a number of analyst reports. Royal Bank of Canada initiated coverage on Triumph Group in a research report on Wednesday, January 11th. They issued an “outperform” rating and a $35.00 price target for the company. SunTrust Banks, Inc. initiated coverage on Triumph Group in a research report on Thursday, January 19th. They issued a “hold” rating and a $28.00 price target for the company. They noted that the move was a valuation call. Robert W. Baird restated an “underperform” rating and issued a $21.00 price target on shares of Triumph Group in a research report on Friday, January 20th. Jefferies Group LLC set a $44.00 price target on Triumph Group and gave the stock a “buy” rating in a research report on Thursday, February 2nd. Finally, Bank of America Corp cut Triumph Group from a “buy” rating to an “underperform” rating and set a $30.00 target price for the company. in a research report on Monday, February 6th. Four analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $32.25.

About Triumph Group

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