First Trust Advisors LP Purchases 635,568 Shares of Triumph Group, Inc. (NYSE:TGI)

First Trust Advisors LP increased its stake in shares of Triumph Group, Inc. (NYSE:TGI - Free Report) by 59.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,702,245 shares of the aerospace company's stock after acquiring an additional 635,568 shares during the quarter. First Trust Advisors LP owned approximately 2.20% of Triumph Group worth $31,764,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Canada Pension Plan Investment Board boosted its holdings in shares of Triumph Group by 0.5% during the fourth quarter. Canada Pension Plan Investment Board now owns 301,400 shares of the aerospace company's stock worth $5,624,000 after purchasing an additional 1,400 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in shares of Triumph Group in the 4th quarter worth approximately $2,331,000. Gamco Investors INC. ET AL increased its stake in shares of Triumph Group by 2.2% during the fourth quarter. Gamco Investors INC. ET AL now owns 566,289 shares of the aerospace company's stock valued at $10,567,000 after buying an additional 12,233 shares during the period. Gabelli Funds LLC raised its holdings in shares of Triumph Group by 42.2% during the fourth quarter. Gabelli Funds LLC now owns 312,360 shares of the aerospace company's stock valued at $5,829,000 after acquiring an additional 92,642 shares in the last quarter. Finally, Jump Financial LLC purchased a new stake in Triumph Group in the fourth quarter worth $430,000. Institutional investors own 94.53% of the company's stock.

Triumph Group Trading Up 0.2 %

NYSE:TGI traded up $0.05 during trading hours on Friday, reaching $25.30. 1,140,975 shares of the company traded hands, compared to its average volume of 1,220,823. Triumph Group, Inc. has a 1 year low of $11.01 and a 1 year high of $25.55. The stock has a market capitalization of $1.96 billion, a P/E ratio of 3.51 and a beta of 2.13. The business's 50-day moving average price is $25.18 and its two-hundred day moving average price is $20.94.

Triumph Group (NYSE:TGI - Get Free Report) last released 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%. As a group, equities analysts anticipate that Triumph Group, Inc. will post 0.68 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TGI. Truist Financial upped their price objective on shares of Triumph Group from $19.00 to $26.00 and gave the stock a "hold" rating in a report on Tuesday, February 4th. Barclays downgraded shares of 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 research note on Thursday, February 6th. Baird R W cut Triumph Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 4th. StockNews.com began coverage on Triumph Group in a research report on Saturday. They issued a "hold" rating for the company. Finally, Wolfe Research lowered Triumph Group from an "outperform" rating to a "peer perform" rating in a research report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating and ten have assigned a hold rating to the company. According to MarketBeat, Triumph Group presently has a consensus rating of "Hold" and an average target price of $20.63.

Insider Buying and Selling at Triumph Group

In related news, CAO Jennifer H. Allen sold 35,000 shares of the business's stock in a transaction that occurred on 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 directly 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 corporate 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.