Norges Bank Makes New $15.95 Million Investment in Triumph Group, Inc. (NYSE:TGI)

Norges Bank purchased a new stake in shares of Triumph Group, Inc. (NYSE:TGI - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 854,500 shares of the aerospace company's stock, valued at approximately $15,945,000. Norges Bank owned about 1.10% of Triumph Group as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. WINTON GROUP Ltd bought a new position in Triumph Group during the fourth quarter worth $1,031,000. KLP Kapitalforvaltning AS acquired a new stake in Triumph Group during the fourth quarter worth about $310,000. Sei Investments Co. bought a new position in Triumph Group during the fourth quarter valued at about $4,025,000. American Century Companies Inc. acquired a new position in Triumph Group in the 4th quarter valued at approximately $30,845,000. Finally, Amundi lifted its position in shares of Triumph Group by 168.3% in the 4th quarter. Amundi now owns 37,407 shares of the aerospace company's stock worth $697,000 after acquiring an additional 23,466 shares during the period. Institutional investors own 94.53% of the company's stock.

Triumph Group Price Performance

Shares of TGI stock traded up $0.09 during trading hours on Friday, hitting $24.66. 1,839,513 shares of the company's stock were exchanged, compared to its average volume of 1,177,347. Triumph Group, Inc. has a 52 week low of $11.01 and a 52 week high of $25.55. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of 3.43 and a beta of 2.13. The stock's 50-day moving average is $25.25 and its 200-day moving average is $20.03.

Triumph Group (NYSE:TGI - Get Free Report) last issued 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 net margin of 45.08% and a negative return on equity of 55.18%. Equities research analysts forecast that Triumph Group, Inc. will post 0.68 earnings per share for the current fiscal year.

Insider Activity

In other news, CAO Jennifer H. Allen sold 35,000 shares of the firm's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $25.32, for a total value of $886,200.00. Following the transaction, the chief accounting officer now owns 51,696 shares of the company's stock, valued at approximately $1,308,942.72. This trade represents a 40.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.31% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Robert W. Baird reiterated a "neutral" rating and set a $26.00 price target (up previously from $20.00) on shares of Triumph Group in a research note on Tuesday, February 4th. Wolfe Research cut shares of Triumph Group from an "outperform" rating to a "peer perform" rating in a research note on Monday, February 10th. Barclays cut shares of Triumph Group from an "overweight" rating to an "equal weight" rating and raised their price target for the stock from $21.00 to $26.00 in a research note on Thursday, February 6th. Baird R W lowered Triumph Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Finally, StockNews.com started coverage on Triumph Group in a research note on Thursday. They set a "hold" rating for the company. Two analysts have rated the stock with a sell rating and nine have given a hold rating to the company's stock. According to MarketBeat.com, Triumph Group currently has an average rating of "Hold" and a consensus target price of $18.88.

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.