PNC Financial Services Group Inc. increased its stake in Triumph Group, Inc. (NYSE:TGI) by 35.0% during the first quarter, Holdings Channel reports. The fund owned 125,461 shares of the aerospace company’s stock after buying an additional 32,524 shares during the period. PNC Financial Services Group Inc. owned approximately 0.25% of Triumph Group worth $3,229,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of TGI. Formula Growth Ltd. bought a new stake in Triumph Group during the first quarter valued at $12,180,000. Teachers Advisors LLC increased its stake in Triumph Group by 14.0% in the first quarter. Teachers Advisors LLC now owns 1,782,579 shares of the aerospace company’s stock valued at $45,901,000 after buying an additional 219,033 shares during the last quarter. Principal Financial Group Inc. increased its stake in Triumph Group by 99.3% in the first quarter. Principal Financial Group Inc. now owns 376,793 shares of the aerospace company’s stock valued at $9,702,000 after buying an additional 187,740 shares during the last quarter. OppenheimerFunds Inc. increased its stake in Triumph Group by 274.1% in the first quarter. OppenheimerFunds Inc. now owns 108,656 shares of the aerospace company’s stock valued at $2,798,000 after buying an additional 79,609 shares during the last quarter. Finally, Mcclain Value Management LLC increased its stake in Triumph Group by 9.0% in the first quarter. Mcclain Value Management LLC now owns 128,273 shares of the aerospace company’s stock valued at $3,303,000 after buying an additional 10,615 shares during the last quarter. 99.75% of the stock is owned by institutional investors and hedge funds.

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

Shares of Triumph Group, Inc. (TGI) traded down 2.15% during midday trading on Friday, reaching $31.85. 1,640,248 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $28.20 and a 200-day moving average of $26.90. Triumph Group, Inc. has a 1-year low of $19.65 and a 1-year high of $40.09. The company’s market capitalization is $1.58 billion.

Triumph Group (NYSE:TGI) last posted its quarterly earnings results on Wednesday, May 24th. The aerospace company reported $3.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $1.69. The business had revenue of $919.90 million for the quarter, compared to analysts’ expectations of $923.93 million. Triumph Group had a positive return on equity of 32.58% and a negative net margin of 1.22%. The firm’s quarterly revenue was down 13.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.32 earnings per share. Equities analysts expect that Triumph Group, Inc. will post $3.66 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Thursday, June 1st were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.50%. The ex-dividend date was Tuesday, May 30th. Triumph Group’s dividend payout ratio is -18.18%.

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Several research firms recently weighed in on TGI. ValuEngine raised shares of Triumph Group from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Jefferies Group LLC reaffirmed a “buy” rating and issued a $37.00 price objective (up previously from $29.00) on shares of Triumph Group in a report on Tuesday, May 30th. Canaccord Genuity upped their price objective on shares of Triumph Group from $30.00 to $34.00 and gave the stock a “hold” rating in a report on Thursday, May 25th. Standpoint Research downgraded shares of Triumph Group from a “buy” rating to a “reduce” rating in a report on Thursday, May 25th. They noted that the move was a valuation call. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $37.00 price objective (up previously from $35.00) on shares of Triumph Group in a report on Thursday, May 25th. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $32.50.

About Triumph Group

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