Fuller & Thaler Asset Management Inc. Makes New $524,000 Investment in Triumph Group, Inc. (NYSE:TGI)

Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Triumph Group, Inc. (NYSE:TGI - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 28,090 shares of the aerospace company's stock, valued at approximately $524,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Assenagon Asset Management S.A. increased its position in shares of Triumph Group by 124.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,318,285 shares of the aerospace company's stock valued at $43,259,000 after buying an additional 1,286,568 shares during the period. Barclays PLC grew its stake in Triumph Group by 155.8% during the third quarter. Barclays PLC now owns 148,530 shares of the aerospace company's stock valued at $1,915,000 after acquiring an additional 90,456 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Triumph Group during the 4th quarter worth approximately $1,095,000. JPMorgan Chase & Co. lifted its stake in Triumph Group by 1,207.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 538,904 shares of the aerospace company's stock worth $6,946,000 after purchasing an additional 497,684 shares in the last quarter. Finally, American Century Companies Inc. bought a new position in Triumph Group in the 4th quarter valued at $30,845,000. 94.53% of the stock is owned by institutional investors.

Triumph Group Stock Performance

Shares of TGI opened at $25.30 on Friday. Triumph Group, Inc. has a fifty-two week low of $11.01 and a fifty-two week high of $25.55. The firm has a market cap of $1.96 billion, a price-to-earnings ratio of 3.51 and a beta of 2.13. The firm has a 50 day moving average price of $25.18 and a 200-day moving average price of $20.89.

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 for the quarter, topping the consensus estimate 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 predict that Triumph Group, Inc. will post 0.68 earnings per share for the current year.

Insider Buying and Selling

In other Triumph Group 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 completion of the sale, the chief accounting officer now owns 51,696 shares in the company, valued at approximately $1,308,942.72. The trade was a 40.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.31% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Baird R W cut shares of Triumph Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 4th. Barclays cut Triumph Group from an "overweight" rating to an "equal weight" rating and raised their price target for the company from $21.00 to $26.00 in a report on Thursday, February 6th. Truist Financial upped their price objective 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 started coverage on shares of Triumph Group in a research report on Saturday. They set a "hold" rating for the company. Finally, Robert W. Baird reissued a "neutral" rating and issued a $26.00 price target (up previously from $20.00) on shares of Triumph Group in a report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating and ten have given a hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $20.63.

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.

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