Triumph Group, Inc. (NYSE:TGI) Holdings Decreased by Royce & Associates LP

Royce & Associates LP lowered its holdings in shares of Triumph Group, Inc. (NYSE:TGI - Free Report) by 11.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 816,494 shares of the aerospace company's stock after selling 110,370 shares during the period. Royce & Associates LP owned approximately 1.06% of Triumph Group worth $15,236,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. raised its stake in Triumph Group by 124.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,318,285 shares of the aerospace company's stock valued at $43,259,000 after acquiring an additional 1,286,568 shares in the last quarter. Barclays PLC raised its stake in Triumph Group by 155.8% during the 3rd quarter. Barclays PLC now owns 148,530 shares of the aerospace company's stock valued at $1,915,000 after acquiring an additional 90,456 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Triumph Group by 1,207.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 538,904 shares of the aerospace company's stock valued at $6,946,000 after acquiring an additional 497,684 shares in the last quarter. Principal Financial Group Inc. raised its stake in Triumph Group by 2.9% during the 4th quarter. Principal Financial Group Inc. now owns 374,896 shares of the aerospace company's stock valued at $6,996,000 after acquiring an additional 10,629 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Triumph Group by 8.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,732,791 shares of the aerospace company's stock valued at $22,340,000 after acquiring an additional 129,391 shares in the last quarter. Institutional investors own 94.53% of the company's stock.

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Insider Transactions at Triumph Group

In other news, CAO Jennifer H. Allen sold 35,000 shares of Triumph Group stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $25.32, for a total transaction of $886,200.00. Following the transaction, the chief accounting officer now owns 51,696 shares in the company, valued at approximately $1,308,942.72. The trade was a 40.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.31% of the stock is owned by insiders.

Triumph Group Trading Up 0.1 %

Shares of Triumph Group stock traded up $0.04 on Thursday, reaching $25.46. 936,537 shares of the company were exchanged, compared to its average volume of 995,660. The stock has a fifty day moving average price of $23.10 and a 200-day moving average price of $18.49. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of 3.54 and a beta of 2.53. Triumph Group, Inc. has a fifty-two week low of $11.01 and a fifty-two week high of $25.55.

Triumph Group (NYSE:TGI - Get Free Report) last announced its earnings results on Monday, February 10th. The aerospace company reported $0.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.03. Triumph Group had a negative return on equity of 55.18% and a net margin of 45.08%. On average, equities analysts anticipate that Triumph Group, Inc. will post 0.68 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TGI has been the topic of several recent analyst reports. Robert W. Baird reaffirmed a "neutral" rating and set a $26.00 target price (up previously from $20.00) on shares of Triumph Group in a research note on Tuesday, February 4th. StockNews.com started coverage on Triumph Group in a research note on Monday. They issued a "hold" rating on the stock. Baird R W downgraded Triumph Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Wolfe Research downgraded Triumph Group from an "outperform" rating to a "peer perform" rating in a research note on Monday, February 10th. Finally, Truist Financial boosted their price objective on Triumph Group from $19.00 to $26.00 and gave the stock 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 company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus 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.