Charles Schwab Investment Management Inc. Has $13.10 Million Stake in Triumph Group, Inc. (NYSE:TGI)

Charles Schwab Investment Management Inc. lifted its holdings in shares of Triumph Group, Inc. (NYSE:TGI - Free Report) by 3.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 701,997 shares of the aerospace company's stock after purchasing an additional 22,004 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.91% of Triumph Group worth $13,099,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. GSA Capital Partners LLP grew its holdings in Triumph Group by 14.1% in the 3rd quarter. GSA Capital Partners LLP now owns 26,374 shares of the aerospace company's stock valued at $340,000 after buying an additional 3,253 shares during the period. Intech Investment Management LLC raised its stake in Triumph Group by 61.2% during the third quarter. Intech Investment Management LLC now owns 34,152 shares of the aerospace company's stock worth $440,000 after purchasing an additional 12,965 shares during the period. Fisher Asset Management LLC boosted its holdings in shares of Triumph Group by 0.3% in the 3rd quarter. Fisher Asset Management LLC now owns 1,552,527 shares of the aerospace company's stock valued at $20,012,000 after purchasing an additional 5,377 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of 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 buying an additional 2,524 shares during the period. Finally, Rock Point Advisors LLC increased its holdings in shares of Triumph Group by 2.6% during the 3rd quarter. Rock Point Advisors LLC now owns 650,038 shares of the aerospace company's stock worth $8,379,000 after buying an additional 16,705 shares during the last quarter. Hedge funds and other institutional investors own 94.53% of the company's stock.

Remove Ads

Insider Transactions at Triumph Group

In other Triumph Group news, CAO Jennifer H. Allen sold 35,000 shares of the stock in a transaction 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 sale, the chief accounting officer now directly owns 51,696 shares of the company's stock, valued at $1,308,942.72. This trade represents a 40.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.31% of the company's stock.

Triumph Group Price Performance

Shares of TGI stock traded up $0.02 on Tuesday, hitting $25.49. 624,445 shares of the stock traded hands, compared to its average volume of 1,002,949. The company's fifty day moving average is $23.52 and its 200 day moving average is $18.78. Triumph Group, Inc. has a 1-year low of $11.01 and a 1-year high of $25.48. The company has a market capitalization of $1.97 billion, a PE ratio of 3.54 and a beta of 2.53.

Triumph Group (NYSE:TGI - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The aerospace company reported $0.27 earnings per share (EPS) for the quarter, topping 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 expect that Triumph Group, Inc. will post 0.68 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TGI. Wolfe Research downgraded Triumph Group from an "outperform" rating to a "peer perform" rating in a research report on Monday, February 10th. Truist Financial increased their target price on shares of Triumph Group from $19.00 to $26.00 and gave the stock a "hold" rating in a research report on Tuesday, February 4th. StockNews.com assumed coverage on shares of Triumph Group in a research report on Tuesday. They set a "hold" rating on the stock. Robert W. Baird reiterated a "neutral" rating and issued a $26.00 price target (up from $20.00) on shares of Triumph Group in a report on Tuesday, February 4th. Finally, TD Cowen upgraded Triumph Group to a "hold" rating in a report on Thursday, December 19th. Two investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $18.78.

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.