Triumph Group, Inc. (NYSE:TGI) Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. increased its holdings in Triumph Group, Inc. (NYSE:TGI - Free Report) by 2.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 374,896 shares of the aerospace company's stock after buying an additional 10,629 shares during the period. Principal Financial Group Inc. owned about 0.48% of Triumph Group worth $6,996,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in TGI. International Assets Investment Management LLC lifted its holdings in shares of Triumph Group by 1,189.0% in the third quarter. International Assets Investment Management LLC now owns 10,312 shares of the aerospace company's stock valued at $133,000 after purchasing an additional 9,512 shares in the last quarter. Cornerstone Wealth Management LLC raised its position in shares of Triumph Group by 3.8% during the 4th quarter. Cornerstone Wealth Management LLC now owns 15,964 shares of the aerospace company's stock worth $298,000 after purchasing an additional 580 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. GSA Capital Partners LLP lifted its stake in Triumph Group by 14.1% in the 3rd quarter. GSA Capital Partners LLP now owns 26,374 shares of the aerospace company's stock valued at $340,000 after buying an additional 3,253 shares in the last quarter. Finally, Intech Investment Management LLC grew its holdings in Triumph Group by 61.2% during the 3rd quarter. Intech Investment Management LLC now owns 34,152 shares of the aerospace company's stock valued at $440,000 after buying an additional 12,965 shares during the last quarter. 94.53% of the stock is owned by institutional investors and hedge funds.

Triumph Group Stock Down 0.2 %

Shares of TGI traded down $0.05 during mid-day trading on Monday, hitting $25.33. The company had a trading volume of 2,291,237 shares, compared to its average volume of 2,009,173. Triumph Group, Inc. has a 1-year low of $11.01 and a 1-year high of $25.41. The business's 50-day simple moving average is $21.36 and its 200-day simple moving average is $17.46. The stock has a market cap of $1.96 billion, a PE ratio of 3.52 and a beta of 2.51.

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 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%. On average, sell-side analysts expect that Triumph Group, Inc. will post 0.68 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on TGI shares. Robert W. Baird reissued a "neutral" rating and issued a $26.00 price target (up from $20.00) on shares of Triumph Group in a report on Tuesday, February 4th. Barclays downgraded shares of Triumph Group from an "overweight" rating to an "equal weight" rating and boosted their target price for the company from $21.00 to $26.00 in a research note on Thursday, February 6th. StockNews.com initiated coverage on shares of Triumph Group in a report on Saturday. They issued a "hold" rating on the stock. Wolfe Research downgraded shares of Triumph Group from an "outperform" rating to a "peer perform" rating in a report on Monday, February 10th. Finally, Truist Financial upped their price objective on shares of Triumph Group from $19.00 to $26.00 and gave the company a "hold" rating in a research note on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. According to data from MarketBeat.com, Triumph Group currently has a consensus rating of "Hold" and an average target price of $18.78.

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.