Triumph Group, Inc. (NYSE:TGI) Shares Bought by Oregon Public Employees Retirement Fund (2024)

Posted by Defense World Staff on Jan 24th, 2024

Oregon Public Employees Retirement Fund boosted its position in shares of Triumph Group, Inc. (NYSE:TGI – Free Report) by 11.8% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 22,673 shares of the aerospace company’s stock after acquiring an additional 2,400 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Triumph Group were worth $174,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC lifted its position in Triumph Group by 227.1% during the 3rd quarter. SG Americas Securities LLC now owns 146,079 shares of the aerospace company’s stock worth $1,119,000 after acquiring an additional 101,421 shares during the period. Swiss National Bank raised its stake in shares of Triumph Group by 0.9% during the 2nd quarter. Swiss National Bank now owns 141,500 shares of the aerospace company’s stock valued at $1,750,000 after buying an additional 1,200 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Triumph Group by 1.7% during the 2nd quarter. Rhumbline Advisers now owns 222,191 shares of the aerospace company’s stock valued at $2,749,000 after buying an additional 3,672 shares during the last quarter. Hsbc Holdings PLC raised its stake in shares of Triumph Group by 1.8% during the 2nd quarter. Hsbc Holdings PLC now owns 133,141 shares of the aerospace company’s stock valued at $1,653,000 after buying an additional 2,381 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Triumph Group by 6.8% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 73,487 shares of the aerospace company’s stock valued at $909,000 after buying an additional 4,652 shares during the last quarter. Institutional investors and hedge funds own 99.65% of the company’s stock.

Wall Street Analyst Weigh In

TGI has been the subject of a number of recent research reports. Barclays upgraded Triumph Group from an “equal weight” rating to an “overweight” rating and set a $20.00 price objective for the company in a research note on Friday, January 5th. TD Cowen upgraded Triumph Group from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $10.00 to $14.00 in a research note on Thursday, November 9th. StockNews.com assumed coverage on Triumph Group in a research note on Thursday, October 5th. They issued a “hold” rating for the company. Truist Financial lifted their price target on Triumph Group from $17.00 to $27.00 and gave the company a “buy” rating in a research note on Wednesday, January 10th. Finally, Robert W. Baird upgraded Triumph Group from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $13.00 to $20.00 in a research note on Tuesday, January 16th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Triumph Group has an average rating of “Hold” and a consensus target price of $17.00.

View Our Latest Analysis on Triumph Group

Triumph Group Trading Down 0.4 %

NYSE:TGI opened at $15.57 on Wednesday. Triumph Group, Inc. has a 12 month low of $7.00 and a 12 month high of $17.27. The stock has a 50 day moving average of $13.50 and a two-hundred day moving average of $10.62. The firm has a market cap of $1.20 billion, a P/E ratio of -38.92 and a beta of 2.80.

Triumph Group (NYSE:TGI – Get Free Report) last issued its earnings results on Tuesday, November 7th. The aerospace company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.02. The business had revenue of $354.10 million for the quarter, compared to analysts’ expectations of $337.52 million. Triumph Group had a negative return on equity of 5.06% and a negative net margin of 1.47%. The business’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.07 EPS. On average, research analysts forecast that Triumph Group, Inc. will post 0.46 earnings per share for the current year.

Triumph Group Company Profile

(Free Report)

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, co*ckpit 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.

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As a seasoned expert in financial markets and investment analysis, my proficiency in deciphering and interpreting market dynamics allows me to analyze and provide insights into the recent developments surrounding Triumph Group, Inc. (NYSE: TGI). My extensive background in financial analysis and investment strategy positions me to shed light on the intricacies of institutional investments, stock ratings, and market trends.

Let's dive into the key concepts and elements mentioned in the provided article:

Oregon Public Employees Retirement Fund's Position in Triumph Group:
- Oregon Public Employees Retirement Fund increased its holdings in Triumph Group by 11.8% during the third quarter, acquiring an additional 2,400 shares. The fund's total ownership reached 22,673 shares, valued at $174,000.
Other Institutional Investors and Hedge Funds:
- Several other institutional investors and hedge funds also adjusted their positions in Triumph Group. Notably, SG Americas Securities LLC, Swiss National Bank, Rhumbline Advisers, Hsbc Holdings PLC, and Commonwealth of Pennsylvania Public School Empls Retrmt SYS all increased their stakes during different quarters.
Wall Street Analyst Ratings:
- Various Wall Street analysts provided ratings for Triumph Group. Barclays upgraded the stock to "overweight" with a price target of $20.00. TD Cowen raised its rating to "outperform" with a target of $14.00. Truist Financial gave a "buy" rating with a target range of $17.00 to $27.00. Robert W. Baird upgraded the stock to "outperform" with a revised target of $20.00.
Stock Performance and Ratings Summary:
- Triumph Group's stock (NYSE: TGI) opened at $15.57, with a 12-month low of $7.00 and a high of $17.27. The company has a market capitalization of $1.20 billion and a P/E ratio of -38.92. The stock has been trading down by 0.4%.
Earnings Results and Financial Performance:
- Triumph Group reported earnings of $0.01 per share for the last quarter, surpassing the consensus estimate of ($0.01) by $0.02. The company generated $354.10 million in revenue, exceeding analysts' expectations of $337.52 million. Triumph Group demonstrated a positive revenue growth of 15.1% compared to the same quarter the previous year.
Triumph Group Company Profile:
- Triumph Group, Inc. operates globally, engaging in the design, engineering, manufacturing, repair, overhaul, and distribution of aerostructures, aircraft components, accessories, subassemblies, and systems. The company has two segments: Triumph Systems & Support and Triumph Interiors.
Analyst Forecasts:
- Analysts project Triumph Group, Inc. to post an earnings per share of 0.46 for the current year based on data from MarketBeat.com.

In conclusion, Triumph Group's recent market activities, institutional investments, analyst ratings, and financial performance indicate a dynamic landscape that warrants careful consideration for investors and market enthusiasts.