Semanteon Capital Management LP Makes New $386,000 Investment in Triumph Group, Inc. (NYSE:TGI)

Semanteon Capital Management LP acquired a new position in Triumph Group, Inc. (NYSE:TGI) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 23,295 shares of the aerospace company’s stock, valued at approximately $386,000.

A number of other hedge funds have also recently added to or reduced their stakes in TGI. Vanguard Group Inc. boosted its holdings in Triumph Group by 20.1% in the third quarter. Vanguard Group Inc. now owns 6,910,979 shares of the aerospace company’s stock worth $52,938,000 after purchasing an additional 1,155,919 shares during the period. Maple Rock Capital Partners Inc. boosted its holdings in shares of Triumph Group by 29.5% during the third quarter. Maple Rock Capital Partners Inc. now owns 2,667,178 shares of the aerospace company’s stock valued at $20,431,000 after acquiring an additional 606,989 shares during the period. Hsbc Holdings PLC boosted its holdings in shares of Triumph Group by 410.6% during the third quarter. Hsbc Holdings PLC now owns 679,805 shares of the aerospace company’s stock valued at $5,255,000 after acquiring an additional 546,664 shares during the period. Federated Hermes Inc. acquired a new position in shares of Triumph Group during the fourth quarter valued at $3,878,000. Finally, tru Independence LLC boosted its holdings in shares of Triumph Group by 69.7% during the third quarter. tru Independence LLC now owns 506,425 shares of the aerospace company’s stock valued at $3,879,000 after acquiring an additional 208,067 shares during the period. Institutional investors and hedge funds own 94.53% of the company’s stock.

Triumph Group Price Performance

NYSE TGI traded up $0.23 on Friday, hitting $13.65. 403,349 shares of the company were exchanged, compared to its average volume of 784,083. The company’s 50 day moving average price is $14.06 and its 200-day moving average price is $12.96. The firm has a market capitalization of $1.05 billion, a P/E ratio of -20.07, a price-to-earnings-growth ratio of 7.47 and a beta of 2.58. Triumph Group, Inc. has a twelve month low of $7.00 and a twelve month high of $17.27.

Triumph Group (NYSE:TGI) last posted its quarterly earnings data on Wednesday, February 7th. The aerospace company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.30). The company had revenue of $285.00 million for the quarter, compared to analyst estimates of $367.96 million. Triumph Group had a negative return on equity of 2.15% and a negative net margin of 3.49%. Triumph Group’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.12 EPS. As a group, equities analysts expect that Triumph Group, Inc. will post -0.43 EPS for the current year.

Insiders Place Their Bets

In related news, Director Neal J. Keating acquired 7,200 shares of the business’s stock in a transaction on Friday, February 9th. The shares were purchased at an average price of $14.53 per share, for a total transaction of $104,616.00. Following the acquisition, the director now owns 58,987 shares in the company, valued at $857,081.11. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.40% of the company’s stock.

Analyst Upgrades and Downgrades

TGI has been the topic of a number of recent analyst reports. Wolfe Research upgraded shares of Triumph Group from a “peer perform” rating to an “outperform” rating and set a $18.00 price objective on the stock in a research note on Thursday, March 28th. Bank of America upgraded shares of Triumph Group from an “underperform” rating to a “buy” rating and lifted their price objective for the company from $9.00 to $21.00 in a research note on Thursday, January 25th. The Goldman Sachs Group lifted their price objective on shares of Triumph Group from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Truist Financial lifted their price objective on shares of Triumph Group from $17.00 to $27.00 and gave the company a “buy” rating in a research note on Wednesday, January 10th. Finally, JPMorgan Chase & Co. upgraded shares of Triumph Group from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $13.00 to $17.00 in a research note on Monday, April 15th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Triumph Group currently has an average rating of “Moderate Buy” and an average target price of $19.63.

Triumph Group Company Profile

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, cockpit 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.