Raymond James Financial Inc. Buys Shares of 58,703 Triumph Group, Inc. (NYSE:TGI)

Raymond James Financial Inc. acquired a new stake in shares of Triumph Group, Inc. (NYSE:TGI - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 58,703 shares of the aerospace company's stock, valued at approximately $1,095,000. Raymond James Financial Inc. owned approximately 0.08% of Triumph Group as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Centiva Capital LP purchased a new position in shares of Triumph Group in the third quarter valued at about $255,000. Cornerstone Wealth Management LLC boosted its position 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 acquiring an additional 580 shares during the last quarter. The Manufacturers Life Insurance Company increased 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 acquiring an additional 2,524 shares during the last quarter. MetLife Investment Management LLC lifted its stake in Triumph Group by 5.3% in the 3rd quarter. MetLife Investment Management LLC now owns 40,780 shares of the aerospace company's stock worth $526,000 after purchasing an additional 2,043 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in shares of Triumph Group by 55.9% during the 3rd quarter. Janus Henderson Group PLC now owns 41,092 shares of the aerospace company's stock valued at $530,000 after purchasing an additional 14,728 shares during the last quarter. 94.53% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TGI. Wolfe Research downgraded Triumph Group from an "outperform" rating to a "peer perform" rating in a research note on Monday, February 10th. StockNews.com initiated coverage on shares of Triumph Group in a research note on Wednesday. They issued a "hold" rating for the company. TD Cowen raised shares of Triumph Group to a "hold" rating in a report on Thursday, December 19th. Robert W. Baird reissued a "neutral" rating and set a $26.00 price objective (up from $20.00) on shares of Triumph Group in a research note on Tuesday, February 4th. Finally, Truist Financial raised their price objective on Triumph Group from $19.00 to $26.00 and gave the company a "hold" rating in a research note on Tuesday, February 4th. Two analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. Based on data from MarketBeat, Triumph Group currently has an average rating of "Hold" and an average price target of $18.88.

Triumph Group Price Performance

TGI traded down $0.24 during trading on Friday, reaching $25.07. 4,257,714 shares of the company's stock were exchanged, compared to its average volume of 1,106,873. The company's fifty day simple moving average is $24.68 and its 200-day simple moving average is $19.51. The stock has a market capitalization of $1.94 billion, a P/E ratio of 3.48 and a beta of 2.13. Triumph Group, Inc. has a 1 year low of $11.01 and a 1 year high of $25.55.

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, topping the consensus estimate of $0.24 by $0.03. Triumph Group had a negative return on equity of 55.18% and a net margin of 45.08%. Equities analysts forecast that Triumph Group, Inc. will post 0.68 EPS for the current year.

Insider Activity at Triumph Group

In other Triumph Group news, CAO Jennifer H. Allen sold 35,000 shares of the firm's stock in a transaction on Thursday, March 13th. The stock was 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 directly owns 51,696 shares of the company's stock, valued at $1,308,942.72. This trade represents a 40.37 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.31% of the stock is owned by company insiders.

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.