Insider Selling: Triumph Group, Inc. (NYSE:TGI) CAO Sells 35,000 Shares of Stock

Triumph Group, Inc. (NYSE:TGI - Get Free Report) CAO Jennifer H. Allen sold 35,000 shares of Triumph Group stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $25.32, for a total transaction of $886,200.00. Following the completion of the transaction, the chief accounting officer now 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 transaction was disclosed in a document filed with the SEC, which is available through this link.

Triumph Group Trading Down 0.0 %

Shares of NYSE:TGI traded down $0.01 during trading on Tuesday, hitting $25.39. 864,064 shares of the stock were exchanged, compared to its average volume of 991,263. The company has a fifty day moving average price of $22.83 and a two-hundred day moving average price of $18.36. The company has a market cap of $1.97 billion, a PE ratio of 3.53 and a beta of 2.53. Triumph Group, Inc. has a 12-month low of $11.01 and a 12-month high of $25.44.

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, topping 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 anticipate that Triumph Group, Inc. will post 0.68 earnings per share for the current fiscal year.

Remove Ads

Institutional Investors Weigh In On Triumph Group

Several institutional investors have recently modified their holdings of the company. Sterling Capital Management LLC raised its position in shares of Triumph Group by 804.2% during the 4th quarter. Sterling Capital Management LLC now owns 2,351 shares of the aerospace company's stock worth $44,000 after purchasing an additional 2,091 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. raised its position in shares of Triumph Group by 58.1% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,761 shares of the aerospace company's stock worth $126,000 after purchasing an additional 2,484 shares during the last quarter. Brevan Howard Capital Management LP raised its position in shares of Triumph Group by 17.1% during the 4th quarter. Brevan Howard Capital Management LP now owns 12,306 shares of the aerospace company's stock worth $230,000 after purchasing an additional 1,798 shares during the last quarter. Centiva Capital LP acquired a new position in shares of Triumph Group during the 3rd quarter worth approximately $255,000. Finally, Capula Management Ltd acquired a new position in shares of Triumph Group during the 4th quarter worth approximately $297,000. Hedge funds and other institutional investors own 94.53% of the company's stock.

Analyst Upgrades and Downgrades

TGI has been the topic of a number of recent research reports. Barclays lowered shares of Triumph Group from an "overweight" rating to an "equal weight" rating and lifted their price objective for the company from $21.00 to $26.00 in a research note on Thursday, February 6th. TD Cowen raised shares of Triumph Group to a "hold" rating in a report on Thursday, December 19th. Robert W. Baird reaffirmed a "neutral" rating and issued a $26.00 price objective (up previously from $20.00) on shares of Triumph Group in a report on Tuesday, February 4th. StockNews.com started coverage on Triumph Group in a report on Monday. They issued a "hold" rating on the stock. Finally, Wolfe Research lowered Triumph Group from an "outperform" rating to a "peer perform" rating in a report on Monday, February 10th. Two research analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. Based on data from MarketBeat, Triumph Group has a consensus rating of "Hold" and a consensus price target of $18.78.

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.