First Eagle Investment Management LLC Lowers Position in Triumph Group, Inc. (NYSE:TGI)

First Eagle Investment Management LLC decreased its holdings in shares of Triumph Group, Inc. (NYSE:TGI - Free Report) by 63.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 242,841 shares of the aerospace company's stock after selling 425,000 shares during the period. First Eagle Investment Management LLC owned 0.31% of Triumph Group worth $4,531,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Assenagon Asset Management S.A. raised its position in shares of Triumph Group by 124.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,318,285 shares of the aerospace company's stock worth $43,259,000 after acquiring an additional 1,286,568 shares in the last quarter. Barclays PLC raised its position in shares of Triumph Group by 155.8% in the 3rd quarter. Barclays PLC now owns 148,530 shares of the aerospace company's stock worth $1,915,000 after acquiring an additional 90,456 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Triumph Group by 1,207.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 538,904 shares of the aerospace company's stock worth $6,946,000 after acquiring an additional 497,684 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Triumph Group by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 374,896 shares of the aerospace company's stock worth $6,996,000 after acquiring an additional 10,629 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Triumph Group by 8.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,732,791 shares of the aerospace company's stock worth $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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Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. 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. Barclays downgraded Triumph Group from an "overweight" rating to an "equal weight" rating and upped their price target for the stock from $21.00 to $26.00 in a research note on Thursday, February 6th. TD Cowen upgraded Triumph Group to a "hold" rating in a research note on Thursday, December 19th. Wolfe Research downgraded Triumph Group from an "outperform" rating to a "peer perform" rating in a research note on Monday, February 10th. Finally, StockNews.com started coverage on Triumph Group in a research note on Monday. They set a "hold" rating on the stock. Two analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $18.78.

Triumph Group Stock Performance

Shares of TGI stock traded up $0.04 on Thursday, reaching $25.46. The stock had a trading volume of 936,537 shares, compared to its average volume of 995,660. The stock has a market cap of $1.97 billion, a P/E ratio of 3.54 and a beta of 2.53. Triumph Group, Inc. has a 1 year low of $11.01 and a 1 year high of $25.55. The company has a 50 day simple moving average of $23.10 and a 200 day simple moving average of $18.49.

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

Insider Transactions at Triumph Group

In related 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.31% of the company's stock.

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.