Vanguard Group Inc. Trims Stock Holdings in Triumph Group, Inc. (NYSE:TGI)

Vanguard Group Inc. lessened its stake in Triumph Group, Inc. (NYSE:TGI - Free Report) by 0.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,834,085 shares of the aerospace company's stock after selling 47,064 shares during the period. Vanguard Group Inc. owned about 8.84% of Triumph Group worth $127,524,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. KLP Kapitalforvaltning AS acquired a new position in shares of Triumph Group in the 4th quarter valued at $310,000. Sei Investments Co. purchased a new position in Triumph Group in the fourth quarter valued at $4,025,000. American Century Companies Inc. acquired a new position in shares of Triumph Group in the fourth quarter worth about $30,845,000. Amundi boosted its stake in shares of Triumph Group by 168.3% during the 4th 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. Finally, Raymond James Financial Inc. acquired a new stake in shares of Triumph Group during the 4th quarter valued at about $1,095,000. Institutional investors and hedge funds own 94.53% of the company's stock.

Insiders Place Their Bets

In other Triumph Group news, CAO Jennifer H. Allen sold 35,000 shares of Triumph Group 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 directly owns 51,696 shares of the company's stock, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.31% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

TGI has been the topic of a number of recent analyst reports. Truist Financial increased their price target on Triumph Group from $19.00 to $26.00 and gave the stock 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 research report on Monday, February 10th. TD Cowen raised shares of Triumph Group to a "hold" rating in a research note on Thursday, December 19th. Baird R W cut shares of Triumph Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Finally, Barclays lowered shares of Triumph Group from an "overweight" rating to an "equal weight" rating and lifted their target price for the company from $21.00 to $26.00 in a research report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company's stock. Based on data from MarketBeat, Triumph Group currently has a consensus rating of "Hold" and an average target price of $18.88.

Triumph Group Stock Performance

Shares of NYSE TGI traded up $0.09 during mid-day trading on Friday, reaching $24.66. The company's stock had a trading volume of 1,839,513 shares, compared to its average volume of 1,180,169. The stock has a market capitalization of $1.91 billion, a P/E ratio of 3.43 and a beta of 2.13. Triumph Group, Inc. has a 1-year low of $11.01 and a 1-year high of $25.55. The stock has a 50-day moving average of $25.25 and a two-hundred day moving average of $20.08.

Triumph Group (NYSE:TGI - Get Free Report) last released its earnings results 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 net margin of 45.08% and a negative return on equity of 55.18%. Analysts predict that Triumph Group, Inc. will post 0.68 EPS for the current fiscal year.

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.