Homestead Advisers Corp Lowers Holdings in Triumph Group, Inc. (NYSE:TGI)

Homestead Advisers Corp decreased its stake in Triumph Group, Inc. (NYSE:TGI - Free Report) by 16.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 310,330 shares of the aerospace company's stock after selling 61,000 shares during the quarter. Homestead Advisers Corp owned approximately 0.40% of Triumph Group worth $5,791,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in TGI. Intech Investment Management LLC boosted its holdings in Triumph Group by 61.2% in the 3rd quarter. Intech Investment Management LLC now owns 34,152 shares of the aerospace company's stock worth $440,000 after buying an additional 12,965 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Triumph Group by 4.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 679,993 shares of the aerospace company's stock worth $8,765,000 after acquiring an additional 26,969 shares during the period. Fisher Asset Management LLC grew its position in shares of Triumph Group by 0.3% during the third quarter. Fisher Asset Management LLC now owns 1,552,527 shares of the aerospace company's stock worth $20,012,000 after purchasing an additional 5,377 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Triumph Group by 7.1% during the third quarter. The Manufacturers Life Insurance Company now owns 37,864 shares of the aerospace company's stock valued at $488,000 after buying an additional 2,524 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in Triumph Group by 13.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 449,792 shares of the aerospace company's stock worth $5,798,000 after purchasing an additional 53,092 shares in the last quarter. Institutional investors own 94.53% of the company's stock.

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Triumph Group Stock Performance

Triumph Group stock traded down $0.03 during trading hours on Monday, hitting $25.41. The company had a trading volume of 367,471 shares, compared to its average volume of 1,071,246. The firm has a market cap of $1.97 billion, a P/E ratio of 3.53 and a beta of 2.53. The company has a 50-day moving average price of $24.05 and a two-hundred day moving average price of $19.13. Triumph Group, Inc. has a 1 year low of $11.01 and a 1 year high of $25.52.

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, beating 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%. As a group, equities research analysts anticipate that Triumph Group, Inc. will post 0.68 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Barclays lowered shares of Triumph Group from an "overweight" rating to an "equal weight" rating and raised their target price for the company from $21.00 to $26.00 in a report on Thursday, February 6th. TD Cowen upgraded Triumph Group to a "hold" rating in a report on Thursday, December 19th. Baird R W downgraded Triumph Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Robert W. Baird reiterated a "neutral" rating and set a $26.00 price objective (up previously from $20.00) on shares of Triumph Group in a research report on Tuesday, February 4th. Finally, StockNews.com began coverage on shares of Triumph Group in a research note on Tuesday, March 25th. They issued a "hold" rating on the stock. Two analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $18.88.

Insider Activity at Triumph Group

In other Triumph Group news, CAO Jennifer H. Allen sold 35,000 shares of the firm'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 transaction, the chief accounting officer now owns 51,696 shares of the company's stock, valued at approximately $1,308,942.72. This trade represents a 40.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.31% of the stock is currently owned by corporate insiders.

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.