Jump Financial LLC Takes $430,000 Position in Triumph Group, Inc. (NYSE:TGI)

Jump Financial LLC purchased a new stake in Triumph Group, Inc. (NYSE:TGI - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 23,051 shares of the aerospace company's stock, valued at approximately $430,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in TGI. American Century Companies Inc. acquired a new position in Triumph Group in the 4th quarter worth about $30,845,000. Assenagon Asset Management S.A. boosted its position in 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 acquiring an additional 1,286,568 shares during the last quarter. Norges Bank bought a new stake in Triumph Group in the fourth quarter worth approximately $15,945,000. JPMorgan Chase & Co. increased its stake in shares of Triumph Group by 1,207.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 538,904 shares of the aerospace company's stock valued at $6,946,000 after acquiring an additional 497,684 shares in the last quarter. Finally, Barclays PLC raised its holdings in shares of Triumph Group by 248.6% during the fourth quarter. Barclays PLC now owns 517,703 shares of the aerospace company's stock valued at $9,660,000 after purchasing an additional 369,173 shares during the period. Institutional investors own 94.53% of the company's stock.

Insider Transactions at Triumph Group

In other news, CAO Jennifer H. Allen sold 35,000 shares of the business's 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 sale, the chief accounting officer now directly owns 51,696 shares of the company's stock, 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 Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.31% of the company's stock.

Triumph Group Trading Up 0.2 %

Triumph Group stock traded up $0.05 during trading hours on Monday, hitting $25.35. 2,518,499 shares of the stock traded hands, compared to its average volume of 1,226,014. Triumph Group, Inc. has a one year low of $11.01 and a one year high of $25.55. The firm's 50-day moving average price is $25.18 and its two-hundred day moving average price is $20.94. The company has a market cap of $1.96 billion, a PE ratio of 3.52 and a beta of 2.13.

Triumph Group (NYSE:TGI - Get Free Report) last issued its quarterly earnings results 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%. On average, sell-side analysts expect that Triumph Group, Inc. will post 0.68 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on TGI shares. Wolfe Research cut Triumph Group from an "outperform" rating to a "peer perform" rating in a research note on Monday, February 10th. JPMorgan Chase & Co. raised shares of Triumph Group from an "underweight" rating to a "neutral" rating and raised their price objective for the company from $17.00 to $26.00 in a research note on Tuesday, April 15th. Robert W. Baird restated a "neutral" rating and issued a $26.00 target price (up previously from $20.00) on shares of Triumph Group in a report on Tuesday, February 4th. Truist Financial lifted their price target on Triumph Group from $19.00 to $26.00 and gave the company a "hold" rating in a research note on Tuesday, February 4th. Finally, Baird R W lowered Triumph Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating and ten have issued a hold rating to the company. Based on data from MarketBeat.com, Triumph Group has an average rating of "Hold" and an average target price of $20.63.

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.