Mutual of America Capital Management LLC Has $286,000 Stock Position in Triumph Group, Inc. (NYSE:TGI)

Mutual of America Capital Management LLC reduced its holdings in Triumph Group, Inc. (NYSE:TGI) by 3.8% in the 1st quarter, HoldingsChannel reports. The fund owned 11,273 shares of the aerospace company’s stock after selling 444 shares during the period. Mutual of America Capital Management LLC’s holdings in Triumph Group were worth $286,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Deutsche Bank AG increased its position in Triumph Group by 282.6% in the 1st quarter. Deutsche Bank AG now owns 237,853 shares of the aerospace company’s stock valued at $6,027,000 after acquiring an additional 175,685 shares during the period. Chicago Capital Management LLC acquired a new position in Triumph Group in the 1st quarter valued at approximately $2,154,000. Charles Schwab Investment Management Inc. increased its position in shares of Triumph Group by 5.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 741,730 shares of the aerospace company’s stock worth $18,795,000 after buying an additional 39,733 shares during the period. Alpine Associates Management Inc. acquired a new stake in shares of Triumph Group during the first quarter worth $17,282,000. Finally, Vestcor Inc acquired a new stake in shares of Triumph Group during the first quarter worth $2,534,000. 94.53% of the stock is currently owned by institutional investors and hedge funds.

Triumph Group Trading Up 0.6%

NYSE:TGI opened at $26.01 on Thursday. The stock has a market capitalization of $2.02 billion, a price-to-earnings ratio of 50.01 and a beta of 2.26. The firm has a fifty day simple moving average of $25.88 and a two-hundred day simple moving average of $25.30. Triumph Group, Inc. has a 12 month low of $11.01 and a 12 month high of $26.03.

Triumph Group (NYSE:TGI) last posted its quarterly earnings results on Wednesday, May 28th. The aerospace company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.17. The business had revenue of $377.90 million during the quarter, compared to analysts’ expectations of $334.04 million. Triumph Group had a net margin of 3.24% and a negative return on equity of 74.53%. The business’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period last year, the company posted $0.31 earnings per share. Equities analysts predict that Triumph Group, Inc. will post 0.68 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen initiated coverage on shares of Triumph Group in a research report on Tuesday, May 20th. They set a “hold” rating for the company. One analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company. Based on data from MarketBeat.com, Triumph Group currently has an average rating of “Hold” and an average target price of $22.67.

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.