Gabelli Funds LLC Buys 92,642 Shares of Triumph Group, Inc. (NYSE:TGI)

Gabelli Funds LLC raised its stake in Triumph Group, Inc. (NYSE:TGI - Free Report) by 42.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 312,360 shares of the aerospace company's stock after buying an additional 92,642 shares during the period. Gabelli Funds LLC owned 0.40% of Triumph Group worth $5,829,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in TGI. Jump Financial LLC bought a new position in shares of Triumph Group during the fourth quarter valued at $430,000. Barclays PLC raised its stake in shares of Triumph Group by 248.6% during the fourth quarter. Barclays PLC now owns 517,703 shares of the aerospace company's stock valued at $9,660,000 after acquiring an additional 369,173 shares during the last quarter. Sterling Capital Management LLC raised its stake in shares of Triumph Group by 804.2% during the fourth quarter. Sterling Capital Management LLC now owns 2,351 shares of the aerospace company's stock valued at $44,000 after acquiring an additional 2,091 shares during the last quarter. Kennedy Capital Management LLC raised its stake in shares of Triumph Group by 1.7% during the fourth quarter. Kennedy Capital Management LLC now owns 542,669 shares of the aerospace company's stock valued at $10,126,000 after acquiring an additional 9,263 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Triumph Group during the fourth quarter valued at $1,095,000. Institutional investors and hedge funds own 94.53% of the company's stock.

Insiders Place Their Bets

In other news, CAO Jennifer H. Allen sold 35,000 shares of the firm's stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 51,696 shares in the company, valued at $1,308,942.72. This trade represents a 40.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.31% of the company's stock.

Triumph Group Stock Up 0.6 %

NYSE:TGI traded up $0.16 on Wednesday, hitting $25.11. The stock had a trading volume of 430,654 shares, compared to its average volume of 1,962,849. The business's fifty day moving average is $25.19 and its 200 day moving average is $20.61. The company has a market cap of $1.94 billion, a PE ratio of 3.49 and a beta of 2.13. Triumph Group, Inc. has a 52 week low of $11.01 and a 52 week 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 (EPS) 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 predict that Triumph Group, Inc. will post 0.68 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently issued reports on TGI. Truist Financial raised their price target 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. Barclays downgraded Triumph Group from an "overweight" rating to an "equal weight" rating and increased their price target for the stock from $21.00 to $26.00 in a report on Thursday, February 6th. JPMorgan Chase & Co. raised Triumph Group from an "underweight" rating to a "neutral" rating and boosted their price objective for the company from $17.00 to $26.00 in a research note on Tuesday, April 15th. Wolfe Research cut Triumph Group from an "outperform" rating to a "peer perform" rating in a research note on Monday, February 10th. Finally, StockNews.com initiated coverage on Triumph Group in a research note on Friday, April 18th. They set a "hold" rating for the company. One research analyst has rated the stock with a sell rating and ten have assigned a hold rating to the stock. According to MarketBeat, Triumph Group has a consensus rating of "Hold" and an average price target of $20.63.

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.