Old West Investment Management LLC Has $645,000 Stock Position in Triumph Group, Inc. (NYSE:TGI)

Old West Investment Management LLC grew its stake in shares of Triumph Group, Inc. (NYSE:TGI) by 11.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,861 shares of the aerospace company’s stock after acquiring an additional 4,423 shares during the period. Old West Investment Management LLC owned 0.05% of Triumph Group worth $645,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Russell Investments Group Ltd. increased its stake in shares of Triumph Group by 6.1% during the fourth quarter. Russell Investments Group Ltd. now owns 50,052 shares of the aerospace company’s stock worth $830,000 after purchasing an additional 2,898 shares during the period. Victory Capital Management Inc. increased its position in Triumph Group by 18.8% during the 4th quarter. Victory Capital Management Inc. now owns 14,672 shares of the aerospace company’s stock worth $243,000 after buying an additional 2,321 shares during the period. Swiss National Bank lifted its holdings in shares of Triumph Group by 5.0% during the fourth quarter. Swiss National Bank now owns 151,200 shares of the aerospace company’s stock worth $2,507,000 after buying an additional 7,200 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Triumph Group by 5.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 613,261 shares of the aerospace company’s stock valued at $10,168,000 after acquiring an additional 29,498 shares during the period. Finally, Norges Bank acquired a new position in shares of Triumph Group in the fourth quarter valued at about $12,720,000. Institutional investors own 94.53% of the company’s stock.

Wall Street Analysts Forecast Growth

TGI has been the subject of several analyst reports. Truist Financial cut shares of Triumph Group from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $17.00 to $15.00 in a research note on Wednesday, August 21st. Jefferies Financial Group reiterated a “hold” rating and issued a $14.00 price target (down from $20.00) on shares of Triumph Group in a research report on Monday, August 12th. Barclays reduced their price target on Triumph Group from $18.00 to $16.00 and set an “overweight” rating on the stock in a research report on Monday, August 12th. The Goldman Sachs Group lowered Triumph Group from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $19.00 to $15.00 in a research note on Tuesday, August 13th. Finally, StockNews.com downgraded Triumph Group from a “buy” rating to a “hold” rating in a research report on Saturday, June 1st. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $16.67.

Triumph Group Stock Performance

Shares of TGI stock opened at $12.86 on Tuesday. Triumph Group, Inc. has a fifty-two week low of $7.00 and a fifty-two week high of $17.87. The stock’s fifty day moving average price is $14.66 and its two-hundred day moving average price is $14.44. The company has a market cap of $990.19 million, a PE ratio of 1.94, a P/E/G ratio of 17.75 and a beta of 2.50.

Triumph Group (NYSE:TGI) last announced its quarterly earnings data on Wednesday, August 7th. The aerospace company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.01). Triumph Group had a negative return on equity of 1.77% and a net margin of 40.39%. The business had revenue of $281.00 million for the quarter, compared to the consensus estimate of $274.64 million. During the same quarter in the prior year, the company earned ($0.10) earnings per share. Triumph Group’s quarterly revenue was up 6.5% compared to the same quarter last year. On average, equities analysts predict that Triumph Group, Inc. will post 0.45 EPS for the current fiscal year.

About Triumph Group

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.