42,211 Shares in Triumph Group, Inc. (NYSE:TGI) Acquired by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund acquired a new position in shares of Triumph Group, Inc. (NYSE:TGI) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 42,211 shares of the aerospace company’s stock, valued at approximately $788,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. International Assets Investment Management LLC increased its position in Triumph Group by 1,189.0% in the 3rd quarter. International Assets Investment Management LLC now owns 10,312 shares of the aerospace company’s stock valued at $133,000 after acquiring an additional 9,512 shares during the period. Cornerstone Wealth Management LLC increased its position in Triumph Group by 3.8% in the 4th quarter. Cornerstone Wealth Management LLC now owns 15,964 shares of the aerospace company’s stock valued at $298,000 after acquiring an additional 580 shares during the period. Centiva Capital LP acquired a new position in Triumph Group in the 3rd quarter valued at approximately $255,000. GSA Capital Partners LLP increased its position in Triumph Group by 14.1% in the 3rd quarter. GSA Capital Partners LLP now owns 26,374 shares of the aerospace company’s stock valued at $340,000 after acquiring an additional 3,253 shares during the period. Finally, Intech Investment Management LLC increased its position in Triumph Group by 61.2% in the 3rd quarter. Intech Investment Management LLC now owns 34,152 shares of the aerospace company’s stock valued at $440,000 after acquiring an additional 12,965 shares during the period. 94.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Robert W. Baird restated a “neutral” rating and issued a $26.00 price target (up from $20.00) on shares of Triumph Group in a research report on Tuesday, February 4th. TD Cowen upgraded shares of Triumph Group to a “hold” rating in a research report on Thursday, December 19th. Wolfe Research cut shares of Triumph Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, February 10th. StockNews.com began coverage on shares of Triumph Group in a research note on Saturday. They issued a “hold” rating on the stock. Finally, Baird R W lowered shares of Triumph Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Two investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $18.78.

Triumph Group Stock Down 0.2 %

Shares of NYSE TGI opened at $25.33 on Tuesday. The firm has a market cap of $1.96 billion, a PE ratio of 3.52 and a beta of 2.51. Triumph Group, Inc. has a 12-month low of $11.01 and a 12-month high of $25.41. The company’s fifty day simple moving average is $21.50 and its 200 day simple moving average is $17.54.

Triumph Group (NYSE:TGI) last issued its earnings results on Monday, February 10th. The aerospace company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.03. Triumph Group had a net margin of 45.08% and a negative return on equity of 55.18%. On average, equities analysts predict that Triumph Group, Inc. will post 0.68 earnings per share for the current year.

Triumph Group Company Profile

Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls, and distributes aircraft, 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, cyber protected process controllers, 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.