Gamco Investors INC. ET AL Purchases Shares of 102,700 Triumph Group, Inc. (NYSE:TGI)

Gamco Investors INC. ET AL purchased a new stake in shares of Triumph Group, Inc. (NYSE:TGI) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 102,700 shares of the aerospace company’s stock, valued at approximately $1,545,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TGI. Vision One Management Partners LP acquired a new position in Triumph Group during the fourth quarter valued at approximately $34,587,000. Vanguard Group Inc. lifted its position in Triumph Group by 20.1% during the third quarter. Vanguard Group Inc. now owns 6,910,979 shares of the aerospace company’s stock valued at $52,938,000 after buying an additional 1,155,919 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Triumph Group during the first quarter valued at approximately $13,542,000. Norges Bank acquired a new position in Triumph Group during the fourth quarter valued at approximately $12,720,000. Finally, BNP Paribas Financial Markets lifted its position in Triumph Group by 182.0% during the fourth quarter. BNP Paribas Financial Markets now owns 465,334 shares of the aerospace company’s stock valued at $7,715,000 after buying an additional 300,295 shares in the last quarter. 94.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. The Goldman Sachs Group boosted their target price on shares of Triumph Group from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. TD Cowen reissued a “hold” rating and set a $14.00 target price (down from $19.50) on shares of Triumph Group in a research report on Tuesday, May 28th. Truist Financial reduced their target price on shares of Triumph Group from $27.00 to $22.00 and set a “buy” rating on the stock in a research report on Friday, May 24th. StockNews.com cut shares of Triumph Group from a “buy” rating to a “hold” rating in a research report on Saturday, June 1st. Finally, Barclays reduced their target price on shares of Triumph Group from $20.00 to $18.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 29th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Triumph Group currently has an average rating of “Moderate Buy” and an average price target of $18.75.

Triumph Group Stock Up 1.8 %

Shares of NYSE:TGI traded up $0.29 on Friday, reaching $16.67. 950,367 shares of the company’s stock were exchanged, compared to its average volume of 586,493. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 2.51, a PEG ratio of 19.97 and a beta of 2.53. Triumph Group, Inc. has a fifty-two week low of $7.00 and a fifty-two week high of $17.87. The business’s 50-day moving average is $15.28 and its two-hundred day moving average is $14.76.

Triumph Group (NYSE:TGI) last issued its earnings results on Thursday, May 23rd. The aerospace company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.19. The company had revenue of $358.60 million for the quarter, compared to analysts’ expectations of $341.95 million. Triumph Group had a net margin of 39.09% and a negative return on equity of 0.78%. The firm’s revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.39 earnings per share. Analysts predict that Triumph Group, Inc. will post 0.48 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Neal J. Keating bought 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The stock was purchased at an average price of $14.13 per share, for a total transaction of $141,300.00. Following the transaction, the director now directly owns 68,987 shares of the company’s stock, valued at approximately $974,786.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.31% of the stock is owned by corporate insiders.

About Triumph Group

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.