Triumph Group, Inc. (NYSE:TGI) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. reduced its position in shares of Triumph Group, Inc. (NYSE:TGI - Free Report) by 33.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 360,009 shares of the aerospace company's stock after selling 178,895 shares during the period. JPMorgan Chase & Co. owned 0.47% of Triumph Group worth $6,718,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. WINTON GROUP Ltd acquired a new position in Triumph Group in the fourth quarter valued at approximately $1,031,000. KLP Kapitalforvaltning AS acquired a new position in Triumph Group in the fourth quarter valued at approximately $310,000. Sei Investments Co. acquired a new position in Triumph Group in the fourth quarter valued at approximately $4,025,000. American Century Companies Inc. acquired a new position in Triumph Group in the fourth quarter valued at approximately $30,845,000. Finally, Amundi lifted its holdings in Triumph Group by 168.3% in the fourth quarter. Amundi now owns 37,407 shares of the aerospace company's stock valued at $697,000 after acquiring an additional 23,466 shares during the last quarter. 94.53% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on TGI shares. StockNews.com started coverage on Triumph Group in a research note on Friday, April 18th. They set a "hold" rating on the stock. Baird R W cut Triumph Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 4th. JPMorgan Chase & Co. upgraded Triumph Group from an "underweight" rating to a "neutral" rating and increased their price objective for the company from $17.00 to $26.00 in a research note on Tuesday, April 15th. Wolfe Research cut Triumph Group from an "outperform" rating to a "peer perform" rating in a research note on Monday, February 10th. Finally, Barclays cut Triumph Group from an "overweight" rating to an "equal weight" rating and increased their price objective for the company from $21.00 to $26.00 in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating and ten have assigned a hold rating to the company. Based on data from MarketBeat, Triumph Group currently has an average rating of "Hold" and an average price target of $20.63.

Insider Activity at Triumph Group

In related news, CAO Jennifer H. Allen sold 35,000 shares of the company's stock in a transaction on Thursday, March 13th. The shares were 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 represents a 40.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.31% of the stock is currently owned by corporate insiders.

Triumph Group Trading Up 0.5 %

Shares of Triumph Group stock traded up $0.12 during trading hours on Wednesday, reaching $25.07. 187,803 shares of the company's stock were exchanged, compared to its average volume of 1,960,444. Triumph Group, Inc. has a 52-week low of $11.01 and a 52-week high of $25.55. The company has a fifty day moving average of $25.19 and a 200-day moving average of $20.61. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of 3.48 and a beta of 2.13.

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 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%. On average, equities research analysts anticipate that Triumph Group, Inc. will post 0.68 earnings per share for the current fiscal year.

Triumph Group Company 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.