Sei Investments Co. Acquires Shares of 215,723 Triumph Group, Inc. (NYSE:TGI)

Sei Investments Co. bought a new position in shares of Triumph Group, Inc. (NYSE:TGI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 215,723 shares of the aerospace company's stock, valued at approximately $4,025,000. Sei Investments Co. owned about 0.28% of Triumph Group at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of TGI. Old West Investment Management LLC raised its holdings in Triumph Group by 1.3% in the 3rd quarter. Old West Investment Management LLC now owns 42,426 shares of the aerospace company's stock worth $547,000 after acquiring an additional 565 shares during the period. Cornerstone Wealth Management LLC increased its stake 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 worth $298,000 after purchasing an additional 580 shares during the period. MetLife Investment Management LLC lifted its position in shares of 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 purchasing an additional 2,043 shares during the last quarter. The Manufacturers Life Insurance Company boosted 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 valued at $488,000 after purchasing an additional 2,524 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Triumph Group by 2.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 162,773 shares of the aerospace company's stock valued at $2,098,000 after purchasing an additional 3,995 shares during the period. 94.53% of the stock is currently owned by institutional investors.

Remove Ads

Triumph Group Stock Performance

NYSE TGI traded down $0.55 during trading on Monday, reaching $24.55. 6,504,212 shares of the company traded hands, compared to its average volume of 1,128,377. Triumph Group, Inc. has a 1-year low of $11.01 and a 1-year high of $25.55. The stock's 50 day moving average price is $24.79 and its two-hundred day moving average price is $19.63. The company has a market cap of $1.90 billion, a price-to-earnings ratio of 3.41 and a beta of 2.13.

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

Insider Transactions at Triumph Group

In other news, CAO Jennifer H. Allen sold 35,000 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $25.32, for a total value of $886,200.00. Following the transaction, the chief accounting officer now directly owns 51,696 shares of the company's stock, valued at $1,308,942.72. The trade was a 40.37 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.31% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

TGI has been the subject of a number of research analyst reports. Wolfe Research lowered Triumph Group from an "outperform" rating to a "peer perform" rating in a report on Monday, February 10th. Barclays downgraded shares of Triumph Group from an "overweight" rating to an "equal weight" rating and increased their price target for the company from $21.00 to $26.00 in a report on Thursday, February 6th. Robert W. Baird restated a "neutral" rating and issued a $26.00 price target (up from $20.00) on shares of Triumph Group in a research report on Tuesday, February 4th. Baird R W lowered shares of Triumph Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Finally, StockNews.com began coverage on Triumph Group in a research report on Wednesday, April 2nd. They set a "hold" rating on the stock. Two investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $18.88.

Triumph Group 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.