XTX Topco Ltd Sells 17,273 Shares of Triumph Group, Inc. (NYSE:TGI)

XTX Topco Ltd reduced its stake in shares of Triumph Group, Inc. (NYSE:TGI - Free Report) by 41.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,298 shares of the aerospace company's stock after selling 17,273 shares during the quarter. XTX Topco Ltd's holdings in Triumph Group were worth $453,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of TGI. American Century Companies Inc. purchased a new stake in shares of Triumph Group in the 4th quarter worth about $30,845,000. Assenagon Asset Management S.A. raised its position in 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 buying an additional 1,286,568 shares during the last quarter. Norges Bank bought a new position in Triumph Group during the 4th quarter valued at about $15,945,000. JPMorgan Chase & Co. lifted its stake in Triumph Group by 1,207.4% during the 3rd 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 period. Finally, Barclays PLC boosted its holdings in shares of Triumph Group by 248.6% during the 4th quarter. Barclays PLC now owns 517,703 shares of the aerospace company's stock valued at $9,660,000 after acquiring an additional 369,173 shares during the last quarter. Hedge funds and other institutional investors own 94.53% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on TGI shares. 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. Wolfe Research lowered Triumph Group from an "outperform" rating to a "peer perform" rating in a report on Monday, February 10th. StockNews.com initiated coverage on Triumph Group in a research report on Saturday. They set a "hold" rating for the company. JPMorgan Chase & Co. upgraded Triumph Group from an "underweight" rating to a "neutral" rating and boosted their price target for the company from $17.00 to $26.00 in a research note on Tuesday, April 15th. Finally, Truist Financial increased their price objective on shares of Triumph Group from $19.00 to $26.00 and gave the stock a "hold" rating in a research note on Tuesday, February 4th. One research analyst has rated the stock with a sell rating and ten have given a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $20.63.

Triumph Group Stock Performance

Shares of NYSE TGI traded up $0.05 during midday trading on Friday, reaching $25.30. The stock had a trading volume of 1,140,975 shares, compared to its average volume of 1,217,553. Triumph Group, Inc. has a 12-month low of $11.01 and a 12-month high of $25.55. The stock has a 50-day moving average of $25.18 and a 200-day moving average of $20.83. The company has a market capitalization of $1.96 billion, a price-to-earnings ratio of 3.51 and a beta of 2.13.

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, 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%. As a group, analysts forecast that Triumph Group, Inc. will post 0.68 EPS for the current fiscal year.

Insider Buying and Selling

In other 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 value of $886,200.00. Following the sale, the chief accounting officer now directly owns 51,696 shares in the company, valued at $1,308,942.72. The trade was a 40.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.31% of the stock is owned by company insiders.

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.