Metropolitan Life Insurance Co NY Purchases 15,397 Shares of Triumph Group, Inc. (NYSE:TGI)

Metropolitan Life Insurance Co NY boosted its position in Triumph Group, Inc. (NYSE:TGI) by 109,978.6% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 15,411 shares of the aerospace company’s stock after purchasing an additional 15,397 shares during the period. Metropolitan Life Insurance Co NY’s holdings in Triumph Group were worth $320,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of TGI. Royal Bank of Canada grew its position in Triumph Group by 128.2% in the 2nd quarter. Royal Bank of Canada now owns 6,046 shares of the aerospace company’s stock worth $125,000 after purchasing an additional 3,396 shares in the last quarter. Meeder Asset Management Inc. grew its position in Triumph Group by 13,098.1% in the 2nd quarter. Meeder Asset Management Inc. now owns 7,127 shares of the aerospace company’s stock worth $148,000 after purchasing an additional 7,073 shares in the last quarter. Mutual of America Capital Management LLC grew its position in Triumph Group by 24.3% in the 2nd quarter. Mutual of America Capital Management LLC now owns 8,673 shares of the aerospace company’s stock worth $180,000 after purchasing an additional 1,698 shares in the last quarter. First Mercantile Trust Co. grew its position in Triumph Group by 32.5% in the 2nd quarter. First Mercantile Trust Co. now owns 10,648 shares of the aerospace company’s stock worth $221,000 after purchasing an additional 2,611 shares in the last quarter. Finally, Squarepoint Ops LLC bought a new stake in Triumph Group in the 1st quarter worth about $256,000. 90.54% of the stock is owned by institutional investors and hedge funds.

A number of research firms have weighed in on TGI. Credit Suisse Group boosted their target price on shares of Triumph Group from $15.00 to $17.00 and gave the company a “neutral” rating in a research note on Thursday, August 5th. UBS Group upgraded shares of Triumph Group from a “neutral” rating to a “buy” rating and set a $22.00 target price on the stock in a research note on Friday, August 6th. Barclays boosted their target price on shares of Triumph Group from $17.00 to $20.00 and gave the company an “underweight” rating in a research note on Monday, November 15th. Finally, Zacks Investment Research cut shares of Triumph Group from a “hold” rating to a “sell” rating and set a $21.00 target price on the stock. in a research note on Tuesday, October 26th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $18.38.

Shares of TGI stock opened at $20.57 on Thursday. The stock has a market cap of $1.33 billion, a PE ratio of -6.47, a P/E/G ratio of 11.89 and a beta of 3.11. The company’s 50 day simple moving average is $19.93. Triumph Group, Inc. has a 12 month low of $10.53 and a 12 month high of $24.53.

Triumph Group (NYSE:TGI) last announced its quarterly earnings results on Tuesday, November 9th. The aerospace company reported $0.10 EPS for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.01. The company had revenue of $357.40 million for the quarter, compared to analysts’ expectations of $375.88 million. Triumph Group had a negative net margin of 10.99% and a negative return on equity of 2.58%. Triumph Group’s revenue was down 25.8% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.08) EPS. On average, equities research analysts forecast that Triumph Group, Inc. will post 0.73 EPS for the current fiscal year.

About Triumph Group

Triumph Group, Inc engages in the designing, engineering, manufacturing, repairing and overhauling of aerospace and defense systems, components and structures. It operates through the following three segments: Triumph Integrated Systems, Triumph Aerospace Structures and Triumph Product Support. The Triumph Integrated Systems segment engages in designing, development and supporting proprietary components, subsystems and systems, as well as production of complex assemblies using external designs.

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

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