GABELLI & Co INVESTMENT ADVISERS INC. Invests $2.33 Million in Triumph Group, Inc. (NYSE:TGI)

GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in shares of Triumph Group, Inc. (NYSE:TGI - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 124,900 shares of the aerospace company's stock, valued at approximately $2,331,000. GABELLI & Co INVESTMENT ADVISERS INC. owned 0.16% of Triumph Group at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in TGI. Cornerstone Wealth Management LLC lifted its position in Triumph Group by 3.8% during the 4th quarter. Cornerstone Wealth Management LLC now owns 15,964 shares of the aerospace company's stock worth $298,000 after acquiring an additional 580 shares during the period. Sterling Capital Management LLC boosted its position in Triumph Group by 804.2% in the fourth quarter. Sterling Capital Management LLC now owns 2,351 shares of the aerospace company's stock valued at $44,000 after buying an additional 2,091 shares during the last quarter. Old West Investment Management LLC increased its holdings in Triumph Group by 5.9% in the 4th quarter. Old West Investment Management LLC now owns 44,942 shares of the aerospace company's stock worth $839,000 after buying an additional 2,516 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Triumph Group by 2.5% in 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 worth $2,098,000 after buying an additional 3,995 shares during the period. Finally, Federated Hermes Inc. raised its position in Triumph Group by 2.4% during the 4th quarter. Federated Hermes Inc. now owns 237,275 shares of the aerospace company's stock worth $4,428,000 after buying an additional 5,646 shares during the last quarter. 94.53% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Analyst Ratings Changes

TGI has been the topic of a number of research reports. Baird R W lowered shares of Triumph Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Robert W. Baird reaffirmed a "neutral" rating and set a $26.00 price target (up from $20.00) on shares of Triumph Group in a research report on Tuesday, February 4th. StockNews.com began coverage on Triumph Group in a report on Friday. They issued a "hold" rating for the company. Truist Financial raised their target price on Triumph Group from $19.00 to $26.00 and gave the stock a "hold" rating in a report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. raised shares of Triumph Group from an "underweight" rating to a "neutral" rating and lifted their target price for the company from $17.00 to $26.00 in a report on Tuesday, April 15th. One analyst has rated the stock with a sell rating and ten have assigned a hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $20.63.

Triumph Group Stock Performance

Shares of NYSE:TGI traded down $0.19 during midday trading on Friday, hitting $24.68. The company's stock had a trading volume of 2,318,459 shares, compared to its average volume of 1,208,162. The company has a market cap of $1.91 billion, a P/E ratio of 3.43 and a beta of 2.13. Triumph Group, Inc. has a 12-month low of $11.01 and a 12-month high of $25.55. The business's 50 day simple moving average is $25.20 and its 200 day simple moving average is $20.44.

Triumph Group (NYSE:TGI - Get Free Report) last released its earnings results on Monday, February 10th. The aerospace company reported $0.27 earnings per share 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%. On average, sell-side analysts predict that Triumph Group, Inc. will post 0.68 earnings per share for the current fiscal year.

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.