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

Semanteon Capital Management LP bought a new position in shares of Triumph Group, Inc. (NYSE:TGI) during the 4th quarter, Holdings Channel reports. The firm bought 23,295 shares of the aerospace company’s stock, valued at approximately $386,000.

Several other hedge funds have also added to or reduced their stakes in TGI. SG Americas Securities LLC boosted its holdings in Triumph Group by 227.1% in the third quarter. SG Americas Securities LLC now owns 146,079 shares of the aerospace company’s stock valued at $1,119,000 after acquiring an additional 101,421 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in Triumph Group by 11.8% in the third quarter. State of Alaska Department of Revenue now owns 47,816 shares of the aerospace company’s stock valued at $366,000 after acquiring an additional 5,040 shares during the last quarter. Maryland State Retirement & Pension System boosted its holdings in Triumph Group by 11.6% in the third quarter. Maryland State Retirement & Pension System now owns 28,256 shares of the aerospace company’s stock valued at $216,000 after acquiring an additional 2,928 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Triumph Group by 4.0% in the third quarter. Bank of New York Mellon Corp now owns 577,883 shares of the aerospace company’s stock valued at $4,427,000 after acquiring an additional 22,021 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its holdings in Triumph Group by 11.8% in the third quarter. Oregon Public Employees Retirement Fund now owns 22,673 shares of the aerospace company’s stock valued at $174,000 after acquiring an additional 2,400 shares during the last quarter. Institutional investors own 94.53% of the company’s stock.

Triumph Group Trading Up 1.7 %

Shares of NYSE TGI traded up $0.23 during mid-day trading on Friday, reaching $13.65. 403,349 shares of the company’s stock were exchanged, compared to its average volume of 784,083. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of -20.07, a PEG ratio of 7.47 and a beta of 2.58. The business has a fifty day simple moving average of $14.06 and a 200 day simple moving average of $12.96. Triumph Group, Inc. has a twelve month low of $7.00 and a twelve month high of $17.27.

Triumph Group (NYSE:TGI) last released its quarterly earnings results on Wednesday, February 7th. The aerospace company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.30). The business 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%. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.12 EPS. Equities research analysts predict that Triumph Group, Inc. will post -0.43 earnings per share for the current fiscal year.

Insider Transactions at Triumph Group

In related news, Director Neal J. Keating purchased 7,200 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was purchased at an average cost of $14.53 per share, for a total transaction of $104,616.00. Following the completion of the purchase, the director now directly owns 58,987 shares in the company, valued at $857,081.11. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TGI. Wolfe Research upgraded Triumph Group from a “peer perform” rating to an “outperform” rating and set a $18.00 price target on the stock in a report on Thursday, March 28th. The Goldman Sachs Group increased their target price on 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 increased their target price on Triumph Group from $17.00 to $27.00 and gave the company a “buy” rating in a research note on Wednesday, January 10th. Barclays raised Triumph Group from an “equal weight” rating to an “overweight” rating and set a $20.00 target price on the stock in a research note on Friday, January 5th. Finally, JPMorgan Chase & Co. raised Triumph Group from an “underweight” rating to a “neutral” rating and increased their target price for the company from $13.00 to $17.00 in a research note on Monday, April 15th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $19.63.

Triumph Group 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.