Meeder Asset Management Inc. Sells 12 Shares of Triumph Group, Inc. (TGI)
Meeder Asset Management Inc. decreased its stake in Triumph Group, Inc. (NYSE:TGI) by 0.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,215 shares of the aerospace company’s stock after selling 12 shares during the period. Meeder Asset Management Inc.’s holdings in Triumph Group were worth $924,000 as of its most recent filing with the SEC.
Several other large investors also recently added to or reduced their stakes in TGI. Comerica Bank raised its stake in Triumph Group by 5.6% in the fourth quarter. Comerica Bank now owns 37,211 shares of the aerospace company’s stock valued at $1,003,000 after buying an additional 1,965 shares in the last quarter. Two Sigma Investments LP bought a new stake in Triumph Group during the fourth quarter valued at $864,000. Thrivent Financial for Lutherans raised its stake in Triumph Group by 9.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 8,510 shares of the aerospace company’s stock valued at $226,000 after buying an additional 750 shares in the last quarter. Norges Bank bought a new stake in Triumph Group during the fourth quarter valued at $13,720,000. Finally, Teachers Advisors LLC raised its stake in Triumph Group by 1.6% in the fourth quarter. Teachers Advisors LLC now owns 1,563,546 shares of the aerospace company’s stock valued at $41,434,000 after buying an additional 24,286 shares in the last quarter.
Shares of Triumph Group, Inc. (NYSE TGI) opened at 33.10 on Monday. Triumph Group, Inc. has a 12 month low of $19.65 and a 12 month high of $39.92. The firm’s market cap is $1.64 billion. The stock has a 50 day moving average price of $29.57 and a 200 day moving average price of $27.01.
Triumph Group (NYSE:TGI) last released its quarterly earnings data on Wednesday, May 24th. The aerospace company reported $3.09 EPS for the quarter, beating the Zacks’ consensus estimate of $1.40 by $1.69. Triumph Group had a negative net margin of 1.22% and a positive return on equity of 32.58%. The business had revenue of $919.90 million during the quarter, compared to analysts’ expectations of $923.93 million. During the same quarter in the prior year, the company earned $1.32 EPS. The firm’s quarterly revenue was down 13.0% on a year-over-year basis. On average, equities research analysts expect that Triumph Group, Inc. will post $3.71 EPS for the current year.
TGI has been the subject of several research reports. Zacks Investment Research raised Triumph Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 21st. Royal Bank Of Canada reissued a “buy” rating and set a $35.00 price objective on shares of Triumph Group in a research note on Tuesday, April 18th. Canaccord Genuity reissued a “hold” rating and set a $30.00 price objective on shares of Triumph Group in a research note on Thursday, April 20th. Jefferies Group LLC set a $29.00 price objective on Triumph Group and gave the stock a “buy” rating in a research note on Saturday, May 6th. Finally, Robert W. Baird raised Triumph Group from an “underperform” rating to an “outperform” rating and raised their price objective for the stock from $25.00 to $30.00 in a research note on Tuesday, May 16th. Five analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $32.50.
Triumph Group Company Profile
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