Penn Capital Management Company LLC Sells 94,027 Shares of Triumph Group, Inc. (NYSE:TGI)

Penn Capital Management Company LLC lessened its holdings in Triumph Group, Inc. (NYSE:TGI - Free Report) by 10.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 845,344 shares of the aerospace company's stock after selling 94,027 shares during the quarter. Triumph Group accounts for approximately 1.5% of Penn Capital Management Company LLC's holdings, making the stock its 10th biggest holding. Penn Capital Management Company LLC owned approximately 1.09% of Triumph Group worth $15,774,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. American Century Companies Inc. bought a new position in shares of Triumph Group during the fourth quarter valued at $30,845,000. Assenagon Asset Management S.A. boosted its position in Triumph Group by 124.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,318,285 shares of the aerospace company's stock valued at $43,259,000 after buying an additional 1,286,568 shares in the last quarter. Norges Bank bought a new stake in Triumph Group during the fourth quarter worth about $15,945,000. First Trust Advisors LP increased its holdings in shares of Triumph Group by 59.6% during the fourth quarter. First Trust Advisors LP now owns 1,702,245 shares of the aerospace company's stock worth $31,764,000 after buying an additional 635,568 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Triumph Group by 1,207.4% in the third quarter. JPMorgan Chase & Co. now owns 538,904 shares of the aerospace company's stock valued at $6,946,000 after acquiring an additional 497,684 shares during the last quarter. Institutional investors and hedge funds own 94.53% of the company's stock.

Triumph Group Stock Performance

NYSE:TGI traded up $0.05 during mid-day trading on Monday, hitting $25.35. The stock had a trading volume of 2,518,499 shares, compared to its average volume of 1,226,013. Triumph Group, Inc. has a twelve month low of $11.01 and a twelve month high of $25.55. The company's 50 day simple moving average is $25.18 and its 200 day simple moving average is $20.94. The stock has a market cap of $1.96 billion, a price-to-earnings ratio of 3.52 and a beta of 2.13.

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 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%. As a group, equities analysts forecast that Triumph Group, Inc. will post 0.68 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on TGI shares. Robert W. Baird restated a "neutral" rating and issued a $26.00 price objective (up previously from $20.00) on shares of Triumph Group in a research report on Tuesday, February 4th. Baird R W lowered shares of Triumph Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 4th. StockNews.com started coverage on Triumph Group in a report on Saturday. They issued a "hold" rating for the company. Barclays downgraded shares of Triumph Group from an "overweight" rating to an "equal weight" rating and increased their price objective for the stock from $21.00 to $26.00 in a research report on Thursday, February 6th. Finally, Truist Financial lifted their target price on Triumph Group from $19.00 to $26.00 and gave the company a "hold" rating in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating and ten have issued a hold rating to the company. According to MarketBeat.com, Triumph Group has a consensus rating of "Hold" and an average target price of $20.63.

Insider Transactions at Triumph Group

In other Triumph Group news, CAO Jennifer H. Allen sold 35,000 shares of the company's 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 completion of the sale, the chief accounting officer now directly owns 51,696 shares in the company, valued at $1,308,942.72. This 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 at the SEC website. 2.31% of the stock is currently owned by 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.