Invesco Ltd. Has $15.65 Million Stock Holdings in Triumph Group, Inc. (NYSE:TGI)

Invesco Ltd. grew its holdings in shares of Triumph Group, Inc. (NYSE:TGI - Free Report) by 4.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 838,571 shares of the aerospace company's stock after purchasing an additional 37,253 shares during the period. Invesco Ltd. owned 1.08% of Triumph Group worth $15,648,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Federated Hermes Inc. boosted its stake in Triumph Group by 2.4% in the fourth quarter. Federated Hermes Inc. now owns 237,275 shares of the aerospace company's stock valued at $4,428,000 after acquiring an additional 5,646 shares during the period. Old West Investment Management LLC grew its position in shares of Triumph Group by 5.9% during the fourth quarter. Old West Investment Management LLC now owns 44,942 shares of the aerospace company's stock worth $839,000 after acquiring an additional 2,516 shares during the last quarter. National Bank of Canada FI bought a new stake in Triumph Group in the 4th quarter valued at about $2,053,000. Norges Bank acquired a new position in Triumph Group during the 4th quarter valued at about $15,945,000. Finally, WINTON GROUP Ltd acquired a new stake in shares of Triumph Group in the fourth quarter valued at approximately $1,031,000. 94.53% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CAO Jennifer H. Allen sold 35,000 shares of the company's 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 completion of the transaction, the chief accounting officer now directly owns 51,696 shares in the company, valued at approximately $1,308,942.72. This represents a 40.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 2.31% of the company's stock.

Wall Street Analysts Forecast Growth

TGI has been the subject of a number of recent analyst reports. Barclays lowered Triumph Group from an "overweight" rating to an "equal weight" rating and increased their price objective for the stock from $21.00 to $26.00 in a report on Thursday, February 6th. JPMorgan Chase & Co. upgraded shares of Triumph Group from an "underweight" rating to a "neutral" rating and lifted their price objective for the company from $17.00 to $26.00 in a research note on Tuesday, April 15th. Wolfe Research downgraded shares of Triumph Group from an "outperform" rating to a "peer perform" rating in a research report on Monday, February 10th. 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. Finally, Robert W. Baird reissued a "neutral" rating and set a $26.00 target price (up previously from $20.00) on shares of Triumph Group in a report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating and ten have assigned a hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $20.63.

Triumph Group Stock Performance

Shares of NYSE TGI traded up $0.17 during mid-day trading on Thursday, reaching $25.25. The company had a trading volume of 659,034 shares, compared to its average volume of 1,211,384. The stock has a fifty day moving average of $25.18 and a two-hundred day moving average of $20.64. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of 3.50 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.

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

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.