Snow Capital Management Lp buys $77.8 Million stake in Triumph Group Inc (TGI)

Triumph Group Inc (TGI) : Snow Capital Management Lp scooped up 206,659 additional shares in Triumph Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 2,160,917 shares of Triumph Group Inc which is valued at $77.8 Million.Triumph Group Inc makes up approximately 3.50% of Snow Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Leonard Capital Management Inc sold out all of its stake in TGI during the most recent quarter. The investment firm sold 77,000 shares of TGI which is valued $2.8 Million.Manufacturers Life Insurance Company The boosted its stake in TGI in the latest quarter, The investment management firm added 1,375 additional shares and now holds a total of 65,111 shares of Triumph Group Inc which is valued at $2.3 Million.Lsv Asset Management boosted its stake in TGI in the latest quarter, The investment management firm added 61,400 additional shares and now holds a total of 2,522,808 shares of Triumph Group Inc which is valued at $90.8 Million. Triumph Group Inc makes up approx 0.19% of Lsv Asset Management’s portfolio. Engineers Gate Manager Lp added TGI to its portfolio by purchasing 17,656 company shares during the most recent quarter which is valued at $635,793. Triumph Group Inc makes up approx 0.05% of Engineers Gate Manager Lp’s portfolio.

Triumph Group Inc opened for trading at $36.43 and hit $37.46 on the upside on Monday, eventually ending the session at $37.32, with a gain of 3.64% or 1.31 points. The heightened volatility saw the trading volume jump to 4,51,137 shares. Company has a market cap of $1,841 M.

On the company’s financial health, Triumph Group Inc reported $1.32 EPS for the quarter, missing the analyst consensus estimate by $ -0.16 based on the information available during the earnings call on May 4, 2016. Analyst had a consensus of $1.48. The company had revenue of $1058.00 million for the quarter, compared to analysts expectations of $1038.69 million. The company’s revenue was down -2.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.71 EPS.

Investors should note that on May 2, 2016, Triumph Group Inc announced a cash dividend of $0.0400. The company’s management has announced May 26, 2016 as the ex-dividend date and fixed the record date on May 31, 2016. The payable date has been fixed on Jun 15, 2016.

Many Wall Street Analysts have commented on Triumph Group Inc. Company shares were Reiterated by RBC Capital Mkts on May 5, 2016 to “Outperform”, Firm has raised the Price Target to $ 40 from a previous price target of $36 .Triumph Group Inc was Upgraded by BofA/Merrill to ” Buy” on Feb 22, 2016.

Triumph Group Inc. (Triumph) designs engineers manufactures repairs overhauls and distributes a portfolio of aerostructures aircraft components accessories subassemblies and systems. It serves the aviation industry including original equipment manufacturers (OEMs) of commercial regional business and military aircraft and aircraft components as well as commercial and regional airlines and air cargo carriers. The Company operates in three segments: Triumph Aerostructures Group engaged in the design manufacture and building of metallic and composite aerostructures and structural components; Triumph Aerospace Systems Group engaged in the design and engineering of mechanical electromechanical hydraulic and hydromechanical control systems and Triumph Aftermarket Services Group which performs maintenance repair and overhaul services (MRO) and supplies spare parts for the commercial and military aviation industry and services airline and air cargo carrier customers.

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