Piedmont Investment Advisors Inc. Increases Holdings in Triumph Group Inc (NYSE:TGI)

Piedmont Investment Advisors Inc. boosted its stake in Triumph Group Inc (NYSE:TGI) by 5.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,459 shares of the aerospace company’s stock after buying an additional 620 shares during the period. Piedmont Investment Advisors Inc.’s holdings in Triumph Group were worth $237,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Advisor Group Inc. boosted its position in shares of Triumph Group by 312.6% during the 4th quarter. Advisor Group Inc. now owns 2,393 shares of the aerospace company’s stock valued at $28,000 after purchasing an additional 1,813 shares in the last quarter. Citigroup Inc. lifted its position in shares of Triumph Group by 1,567.6% in the fourth quarter. Citigroup Inc. now owns 5,653 shares of the aerospace company’s stock worth $65,000 after purchasing an additional 5,314 shares in the last quarter. Flinton Capital Management LLC increased its holdings in Triumph Group by 18.7% in the fourth quarter. Flinton Capital Management LLC now owns 6,608 shares of the aerospace company’s stock worth $76,000 after buying an additional 1,040 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in Triumph Group by 7.6% in the fourth quarter. Public Employees Retirement System of Ohio now owns 7,204 shares of the aerospace company’s stock worth $83,000 after buying an additional 507 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its holdings in Triumph Group by 11.4% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 9,516 shares of the aerospace company’s stock worth $109,000 after buying an additional 977 shares during the last quarter.

Shares of Triumph Group stock traded up $1.45 during trading on Friday, hitting $22.90. 1,516,000 shares of the company were exchanged, compared to its average volume of 703,555. Triumph Group Inc has a 1-year low of $11.16 and a 1-year high of $26.00. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 9.20, a P/E/G ratio of 1.64 and a beta of 2.73. The stock has a fifty day moving average price of $20.40.

Triumph Group (NYSE:TGI) last released its quarterly earnings data on Wednesday, May 8th. The aerospace company reported $1.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.47. Triumph Group had a negative return on equity of 35.34% and a negative net margin of 9.56%. The business had revenue of $869.03 million for the quarter, compared to analysts’ expectations of $842.57 million. During the same quarter in the previous year, the business posted $1.01 EPS. Triumph Group’s revenue for the quarter was down 3.1% on a year-over-year basis. As a group, research analysts expect that Triumph Group Inc will post 2.58 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Saturday, June 15th. Shareholders of record on Friday, May 31st were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend was Thursday, May 30th. Triumph Group’s payout ratio is 6.43%.

A number of research firms recently commented on TGI. Zacks Investment Research upgraded Triumph Group from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a report on Thursday, April 25th. ValuEngine upgraded Triumph Group from a “sell” rating to a “hold” rating in a report on Thursday. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $24.66.

In other news, Director Joseph Silvestri sold 33,853 shares of the company’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $24.25, for a total transaction of $820,935.25. Following the sale, the director now owns 47,662 shares in the company, valued at approximately $1,155,803.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.60% of the company’s stock.

About Triumph Group

Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls, and distributes aerostructures, aircraft components, accessories, subassemblies, and systems worldwide. The company operates in three segments: Integrated Systems, Aerospace Structures, and Product Support. It offers aircraft and engine-mounted accessory drives, thermal control systems and components, cargo hooks, high lift actuations, cockpit control levers, hydraulic systems and components, landing gear actuation systems, control system valve bodies, landing gear components and assemblies, electronic engine controls, main engine gear box assemblies, exhaust nozzles and ducting, fuel pumps, geared transmissions and drive train components, secondary flight control systems, fuel metering units, and vibration absorbers.

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

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