Prudential Financial Inc. Sells 74,720 Shares of Triumph Group, Inc. (NYSE:TGI)

Prudential Financial Inc. cut its stake in shares of Triumph Group, Inc. (NYSE:TGI - Free Report) by 44.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 94,235 shares of the aerospace company's stock after selling 74,720 shares during the period. Prudential Financial Inc. owned about 0.12% of Triumph Group worth $1,758,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Old West Investment Management LLC increased its holdings in Triumph Group by 1.3% in the 3rd quarter. Old West Investment Management LLC now owns 42,426 shares of the aerospace company's stock worth $547,000 after purchasing an additional 565 shares in the last quarter. Cornerstone Wealth Management LLC grew its holdings in shares of Triumph Group by 3.8% during the fourth 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. MetLife Investment Management LLC increased its stake in shares of Triumph Group by 5.3% in the third quarter. MetLife Investment Management LLC now owns 40,780 shares of the aerospace company's stock valued at $526,000 after buying an additional 2,043 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Triumph Group by 7.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 37,864 shares of the aerospace company's stock valued at $488,000 after buying an additional 2,524 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Triumph Group by 2.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 162,773 shares of the aerospace company's stock worth $2,098,000 after buying an additional 3,995 shares during the period. 94.53% of the stock is currently owned by institutional investors.

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Insider Transactions at Triumph Group

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 completion of the sale, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.31% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on TGI. Baird R W downgraded shares of Triumph Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Robert W. Baird reaffirmed a "neutral" rating and set a $26.00 target price (up from $20.00) on shares of Triumph Group in a research report on Tuesday, February 4th. Truist Financial upped their price target on Triumph Group from $19.00 to $26.00 and gave the company a "hold" rating in a research report on Tuesday, February 4th. TD Cowen raised Triumph Group to a "hold" rating in a research note on Thursday, December 19th. Finally, Wolfe Research lowered Triumph Group from an "outperform" rating to a "peer perform" rating in a research note on Monday, February 10th. Two investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $18.88.

Triumph Group Trading Up 0.7 %

TGI stock traded up $0.18 during mid-day trading on Tuesday, reaching $24.71. The company's stock had a trading volume of 1,256,425 shares, compared to its average volume of 1,884,792. The company has a market cap of $1.91 billion, a price-to-earnings ratio of 3.43 and a beta of 2.13. Triumph Group, Inc. has a 12 month low of $11.01 and a 12 month high of $25.55. The business's 50 day moving average price is $24.79 and its 200 day moving average price is $19.63.

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 (EPS) 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%. As a group, equities analysts expect that Triumph Group, Inc. will post 0.68 EPS 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.