American Century Companies Inc. Acquires Shares of 1,652,975 Triumph Group, Inc. (NYSE:TGI)

American Century Companies Inc. acquired a new stake in Triumph Group, Inc. (NYSE:TGI - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,652,975 shares of the aerospace company's stock, valued at approximately $30,845,000. American Century Companies Inc. owned approximately 2.14% of Triumph Group at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Centiva Capital LP acquired a new position in Triumph Group in the 3rd quarter valued at about $255,000. Cornerstone Wealth Management LLC grew its holdings in shares of Triumph Group by 3.8% in the fourth quarter. Cornerstone Wealth Management LLC now owns 15,964 shares of the aerospace company's stock valued at $298,000 after purchasing an additional 580 shares in the last quarter. Intech Investment Management LLC increased its stake in Triumph Group by 61.2% during the 3rd quarter. Intech Investment Management LLC now owns 34,152 shares of the aerospace company's stock worth $440,000 after buying an additional 12,965 shares during the period. The Manufacturers Life Insurance Company increased its stake in Triumph Group by 7.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 37,864 shares of the aerospace company's stock worth $488,000 after buying an additional 2,524 shares during the period. Finally, MetLife Investment Management LLC lifted its holdings in Triumph Group by 5.3% during the 3rd quarter. MetLife Investment Management LLC now owns 40,780 shares of the aerospace company's stock worth $526,000 after buying an additional 2,043 shares in the last quarter. Hedge funds and other institutional investors own 94.53% of the company's stock.

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Insider Activity at Triumph Group

In related news, CAO Jennifer H. Allen sold 35,000 shares of the stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $25.32, for a total transaction of $886,200.00. Following the completion of the sale, the chief accounting officer now owns 51,696 shares in the company, valued at $1,308,942.72. This represents a 40.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.31% of the company's stock.

Triumph Group Price Performance

Shares of NYSE:TGI traded up $0.06 during trading on Wednesday, hitting $25.55. 1,043,053 shares of the company were exchanged, compared to its average volume of 1,080,724. The firm's 50 day moving average price is $24.43 and its 200-day moving average price is $19.34. Triumph Group, Inc. has a 12-month low of $11.01 and a 12-month high of $25.55. The stock has a market capitalization of $1.98 billion, a P/E ratio of 3.55 and a beta of 2.53.

Triumph Group (NYSE:TGI - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The aerospace company reported $0.27 earnings per share for the quarter, beating analysts' consensus estimates of $0.24 by $0.03. Triumph Group had a net margin of 45.08% and a negative return on equity of 55.18%. As a group, equities research analysts anticipate that Triumph Group, Inc. will post 0.68 EPS for the current year.

Wall Street Analyst Weigh In

TGI has been the topic of a number of recent research reports. Robert W. Baird reaffirmed a "neutral" rating and set a $26.00 price objective (up previously from $20.00) on shares of Triumph Group in a research report on Tuesday, February 4th. Wolfe Research lowered Triumph Group from an "outperform" rating to a "peer perform" rating in a research report on Monday, February 10th. TD Cowen upgraded Triumph Group to a "hold" rating in a research note on Thursday, December 19th. Truist Financial raised their target price on shares of Triumph Group from $19.00 to $26.00 and gave the company a "hold" rating in a report on Tuesday, February 4th. Finally, Baird R W downgraded shares of Triumph Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Two equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $18.88.

Triumph Group Company Profile

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.