MetLife Investment Advisors LLC Has $368,000 Stock Position in Triumph Group Inc (NYSE:TGI)

MetLife Investment Advisors LLC lowered its holdings in shares of Triumph Group Inc (NYSE:TGI) by 19.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,302 shares of the aerospace company’s stock after selling 4,780 shares during the quarter. MetLife Investment Advisors LLC’s holdings in Triumph Group were worth $368,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Marshall Wace North America L.P. raised its stake in shares of Triumph Group by 138.3% in the first quarter. Marshall Wace North America L.P. now owns 15,393 shares of the aerospace company’s stock valued at $294,000 after acquiring an additional 8,933 shares in the last quarter. MainStreet Investment Advisors LLC raised its stake in Triumph Group by 44.9% in the first quarter. MainStreet Investment Advisors LLC now owns 16,704 shares of the aerospace company’s stock valued at $318,000 after buying an additional 5,179 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in Triumph Group in the first quarter valued at $223,000. Ontario Teachers Pension Plan Board acquired a new stake in Triumph Group in the first quarter valued at $395,000. Finally, NumerixS Investment Technologies Inc acquired a new stake in Triumph Group in the first quarter valued at $86,000.

Shares of Triumph Group stock traded down $0.54 during trading on Thursday, hitting $21.78. 329,200 shares of the company were exchanged, compared to its average volume of 669,099. Triumph Group Inc has a fifty-two week low of $11.16 and a fifty-two week high of $26.00. The stock has a 50 day moving average of $21.02. The stock has a market cap of $1.15 billion, a PE ratio of 8.75, a price-to-earnings-growth ratio of 1.89 and a beta of 2.75.

Triumph Group (NYSE:TGI) last issued its earnings results on Wednesday, May 8th. The aerospace company reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.47. Triumph Group had a negative net margin of 9.56% and a negative return on equity of 35.34%. The business had revenue of $869.03 million for the quarter, compared to analyst estimates of $842.57 million. During the same quarter in the prior year, the business posted $1.01 EPS. The company’s revenue for the quarter was down 3.1% on a year-over-year basis. As a group, analysts anticipate that Triumph Group Inc will post 2.53 earnings per share for the current fiscal year.

Several equities analysts have issued reports on the company. ValuEngine raised Zogenix from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 27th. Zacks Investment Research raised Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a report on Monday, July 8th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Triumph Group currently has a consensus rating of “Hold” and a consensus target price of $24.38.

Triumph Group Company Profile

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.

See Also: Bull Market

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

Receive News & Ratings for Triumph Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Triumph Group and related companies with MarketBeat.com's FREE daily email newsletter.