Graham Capital Management L.P. Has $1.05 Million Stock Position in Triumph Group, Inc. (NYSE:TGI) (2024)

Posted by Defense World Staff on Mar 14th, 2024

Graham Capital Management L.P. boosted its holdings in Triumph Group, Inc. (NYSE:TGI – Free Report) by 122.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 136,580 shares of the aerospace company’s stock after acquiring an additional 75,147 shares during the quarter. Graham Capital Management L.P.’s holdings in Triumph Group were worth $1,046,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. UBS Group AG boosted its stake in shares of Triumph Group by 112.9% during the third quarter. UBS Group AG now owns 3,202 shares of the aerospace company’s stock valued at $27,000 after purchasing an additional 1,698 shares in the last quarter. Fifth Third Bancorp boosted its stake in shares of Triumph Group by 1,980.2% during the third quarter. Fifth Third Bancorp now owns 6,303 shares of the aerospace company’s stock valued at $48,000 after purchasing an additional 6,000 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of Triumph Group during the second quarter valued at about $53,000. Captrust Financial Advisors boosted its stake in shares of Triumph Group by 141.0% during the first quarter. Captrust Financial Advisors now owns 2,902 shares of the aerospace company’s stock valued at $73,000 after purchasing an additional 1,698 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of Triumph Group by 11.6% during the third quarter. Victory Capital Management Inc. now owns 12,351 shares of the aerospace company’s stock valued at $95,000 after purchasing an additional 1,285 shares in the last quarter. 99.65% of the stock is owned by institutional investors and hedge funds.

Triumph Group Stock Performance

Shares of TGI stock opened at $13.88 on Thursday. The company has a market cap of $1.07 billion, a P/E ratio of -20.41 and a beta of 2.57. The stock has a 50 day simple moving average of $15.06 and a two-hundred day simple moving average of $11.72. Triumph Group, Inc. has a fifty-two week low of $7.00 and a fifty-two week high of $17.27.

Triumph Group (NYSE:TGI – Get Free Report) last issued its earnings results on Wednesday, February 7th. The aerospace company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.30). The business had revenue of $285.00 million during the quarter, compared to the consensus estimate 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 for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.12 earnings per share. On average, research analysts predict that Triumph Group, Inc. will post -0.36 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Neal J. Keating acquired 7,200 shares of Triumph Group stock in a transaction on Friday, February 9th. The stock was purchased at an average price of $14.53 per share, with a total value of $104,616.00. Following the completion of the purchase, the director now owns 58,987 shares of the company’s stock, valued at approximately $857,081.11. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TGI. Bank of America upgraded Triumph Group from an “underperform” rating to a “buy” rating and raised their price objective for the stock from $9.00 to $21.00 in a research report on Thursday, January 25th. Truist Financial raised their price objective on Triumph Group from $17.00 to $27.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Barclays upgraded Triumph Group from an “equal weight” rating to an “overweight” rating and set a $20.00 price objective for the company in a research report on Friday, January 5th. Finally, Robert W. Baird upgraded Triumph Group from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $13.00 to $20.00 in a research report on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $19.17.

View Our Latest Stock Analysis on Triumph Group