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

Amundi raised its holdings in shares of Triumph Group, Inc. (NYSE:TGI - Free Report) by 168.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,407 shares of the aerospace company's stock after buying an additional 23,466 shares during the period. Amundi's holdings in Triumph Group were worth $697,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Old West Investment Management LLC grew its holdings in Triumph Group by 1.3% during the 3rd quarter. Old West Investment Management LLC now owns 42,426 shares of the aerospace company's stock valued at $547,000 after purchasing an additional 565 shares in the last quarter. Cornerstone Wealth Management LLC grew its stake 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 valued at $298,000 after acquiring an additional 580 shares in the last quarter. MetLife Investment Management LLC increased its position in shares of Triumph Group by 5.3% during the third quarter. MetLife Investment Management LLC now owns 40,780 shares of the aerospace company's stock worth $526,000 after acquiring an additional 2,043 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Triumph Group by 7.1% in the third quarter. The Manufacturers Life Insurance Company now owns 37,864 shares of the aerospace company's stock worth $488,000 after acquiring an additional 2,524 shares in the last quarter. Finally, GSA Capital Partners LLP boosted its holdings in Triumph Group by 14.1% in the third quarter. GSA Capital Partners LLP now owns 26,374 shares of the aerospace company's stock valued at $340,000 after purchasing an additional 3,253 shares during the last quarter. 94.53% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Triumph Group Price Performance

Shares of NYSE:TGI traded down $0.03 during trading on Friday, reaching $25.42. 2,121,813 shares of the company's stock traded hands, compared to its average volume of 1,002,191. Triumph Group, Inc. has a 12 month low of $11.01 and a 12 month high of $25.48. The company has a 50 day moving average of $23.38 and a 200-day moving average of $18.65. The stock has a market capitalization of $1.97 billion, a P/E ratio of 3.53 and a beta of 2.53.

Triumph Group (NYSE:TGI - Get Free Report) last announced its quarterly earnings data 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%. Equities research analysts predict that Triumph Group, Inc. will post 0.68 earnings per share for the current fiscal year.

Insider Activity at Triumph Group

In related news, CAO Jennifer H. Allen sold 35,000 shares of the business's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $25.32, for a total transaction 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 $1,308,942.72. This represents a 40.37 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.31% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on TGI. Truist Financial lifted their price objective on Triumph Group from $19.00 to $26.00 and gave the stock a "hold" rating in a report on Tuesday, February 4th. TD Cowen raised shares of Triumph Group to a "hold" rating in a report on Thursday, December 19th. Wolfe Research lowered shares of Triumph Group from an "outperform" rating to a "peer perform" rating in a report on Monday, February 10th. Baird R W downgraded shares of Triumph Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Finally, Robert W. Baird reissued a "neutral" rating and issued a $26.00 target price (up previously from $20.00) on shares of Triumph Group in a research report 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. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $18.78.

Triumph Group 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.