Legal & General Group Plc Trims Stake in Triumph Group, Inc. (NYSE:TGI)

Legal & General Group Plc trimmed its position in Triumph Group, Inc. (NYSE:TGI - Free Report) by 5.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 229,526 shares of the aerospace company's stock after selling 12,441 shares during the quarter. Legal & General Group Plc owned approximately 0.30% of Triumph Group worth $4,283,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of TGI. Invesco Ltd. boosted its holdings in Triumph Group by 4.6% in the 4th quarter. Invesco Ltd. now owns 838,571 shares of the aerospace company's stock valued at $15,648,000 after purchasing an additional 37,253 shares during the period. Federated Hermes Inc. boosted its stake in Triumph Group by 2.4% during the fourth quarter. Federated Hermes Inc. now owns 237,275 shares of the aerospace company's stock valued at $4,428,000 after buying an additional 5,646 shares during the period. Old West Investment Management LLC increased its stake 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 acquiring an additional 2,516 shares during the last quarter. National Bank of Canada FI purchased a new stake in shares of Triumph Group in the 4th quarter valued at about $2,053,000. Finally, Norges Bank bought a new stake in shares of Triumph Group during the 4th quarter valued at about $15,945,000. 94.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TGI has been the subject of several research analyst reports. Truist Financial lifted their target price on shares of Triumph Group from $19.00 to $26.00 and gave the company a "hold" rating in a research report on Tuesday, February 4th. StockNews.com initiated coverage on shares of Triumph Group in a research report on Friday, April 18th. They issued a "hold" rating for the company. Robert W. Baird restated a "neutral" rating and set a $26.00 price target (up previously from $20.00) on shares of Triumph Group in a research report on Tuesday, February 4th. JPMorgan Chase & Co. raised Triumph Group from an "underweight" rating to a "neutral" rating and lifted their price target for the stock from $17.00 to $26.00 in a research note on Tuesday, April 15th. Finally, Wolfe Research cut Triumph Group from an "outperform" rating to a "peer perform" rating in a report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating and ten have given a hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $20.63.

Triumph Group Trading Up 0.2 %

Shares of NYSE:TGI traded up $0.05 during trading on Friday, reaching $25.30. 797,929 shares of the company traded hands, compared to its average volume of 1,213,476. Triumph Group, Inc. has a 52-week low of $11.01 and a 52-week high of $25.55. The business's fifty day moving average is $25.18 and its 200-day moving average is $20.73. The firm has a market capitalization of $1.96 billion, a price-to-earnings ratio of 3.51 and a beta of 2.13.

Triumph Group (NYSE:TGI - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The aerospace company reported $0.27 earnings per share for the quarter, beating the consensus estimate 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.

Insider Activity

In related news, 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 value of $886,200.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.31% of the company's stock.

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.