Triumph Group, Inc. (NYSE:TGI) Stake Raised by Barclays PLC

Barclays PLC raised its holdings in shares of Triumph Group, Inc. (NYSE:TGI - Free Report) by 248.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 517,703 shares of the aerospace company's stock after acquiring an additional 369,173 shares during the quarter. Barclays PLC owned approximately 0.67% of Triumph Group worth $9,660,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Sterling Capital Management LLC grew its position in Triumph Group by 804.2% during the fourth quarter. Sterling Capital Management LLC now owns 2,351 shares of the aerospace company's stock valued at $44,000 after purchasing an additional 2,091 shares in the last quarter. Capula Management Ltd acquired a new stake in shares of Triumph Group during the 4th quarter valued at $297,000. Cornerstone Wealth Management LLC grew its holdings in shares of Triumph Group by 3.8% during the 4th quarter. Cornerstone Wealth Management LLC now owns 15,964 shares of the aerospace company's stock valued at $298,000 after acquiring an additional 580 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Triumph Group in the fourth quarter worth $310,000. Finally, Amundi raised its holdings in shares of Triumph Group by 168.3% during the fourth quarter. Amundi now owns 37,407 shares of the aerospace company's stock worth $697,000 after acquiring an additional 23,466 shares in the last quarter. Institutional investors and hedge funds own 94.53% of the company's stock.

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 dated 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 $1,308,942.72. The trade was a 40.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.31% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on TGI shares. Baird R W lowered Triumph Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 4th. 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 report on Tuesday, February 4th. JPMorgan Chase & Co. upgraded shares of Triumph Group from an "underweight" rating to a "neutral" rating and lifted their target price for the company from $17.00 to $26.00 in a research note on Tuesday, April 15th. StockNews.com assumed coverage on shares of Triumph Group in a research report on Friday, April 18th. They issued a "hold" rating for the company. Finally, Wolfe Research downgraded shares of Triumph Group from an "outperform" rating to a "peer perform" rating in a 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 stock. Based on data from MarketBeat.com, Triumph Group presently has an average rating of "Hold" and an average price target of $20.63.

Triumph Group Price Performance

TGI stock opened at $24.95 on Wednesday. The company has a 50-day moving average of $25.19 and a two-hundred day moving average of $20.61. The stock has a market capitalization of $1.93 billion, a price-to-earnings ratio of 3.47 and a beta of 2.13. Triumph Group, Inc. has a 52-week low of $11.01 and a 52-week high of $25.55.

Triumph Group (NYSE:TGI - Get Free Report) last issued its quarterly earnings results on Monday, February 10th. The aerospace company reported $0.27 EPS 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%. Equities analysts expect that Triumph Group, Inc. will post 0.68 EPS for the current fiscal year.

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.

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