Triumph Group, Inc. (NYSE:TGI) Shares Sold by WealthTrust Axiom LLC

WealthTrust Axiom LLC decreased its position in Triumph Group, Inc. (NYSE:TGI - Free Report) by 26.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 67,438 shares of the aerospace company's stock after selling 24,495 shares during the quarter. WealthTrust Axiom LLC owned 0.09% of Triumph Group worth $1,258,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Sterling Capital Management LLC increased its position in shares of Triumph Group by 804.2% during the 4th 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 during the last quarter. Capula Management Ltd bought a new position in Triumph Group during the fourth quarter valued at $297,000. Cornerstone Wealth Management LLC raised its stake in shares of Triumph Group by 3.8% in the fourth 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 during the period. KLP Kapitalforvaltning AS purchased a new position in shares of Triumph Group during the 4th quarter worth about $310,000. Finally, Amundi grew its holdings in Triumph Group by 168.3% during the 4th quarter. Amundi now owns 37,407 shares of the aerospace company's stock valued at $697,000 after purchasing an additional 23,466 shares during the last quarter. Institutional investors own 94.53% of the company's stock.

Analyst Upgrades and Downgrades

TGI has been the subject of several recent analyst reports. TD Cowen upgraded Triumph Group to a "hold" rating in a research report on Thursday, December 19th. Wolfe Research downgraded Triumph Group from an "outperform" rating to a "peer perform" rating in a research report on Monday, February 10th. JPMorgan Chase & Co. upgraded Triumph Group from an "underweight" rating to a "neutral" rating and lifted their target price for the stock from $17.00 to $26.00 in a research report on Tuesday. Truist Financial boosted their target price on shares of Triumph Group from $19.00 to $26.00 and gave the company a "hold" rating in a research note on Tuesday, February 4th. Finally, StockNews.com assumed coverage on shares of Triumph Group in a research report on Friday. They issued a "hold" rating for the company. One research analyst has rated the stock with a sell rating and ten have assigned a hold rating to the company's stock. Based on data from MarketBeat, Triumph Group has an average rating of "Hold" and a consensus price target of $20.63.

Triumph Group Stock Down 0.7 %

TGI stock traded down $0.19 during trading on Friday, hitting $24.68. 2,318,459 shares of the company's stock traded hands, compared to its average volume of 1,204,072. The firm has a market capitalization of $1.91 billion, a P/E ratio of 3.43 and a beta of 2.13. The business has a fifty day simple moving average of $25.22 and a two-hundred day simple moving average of $20.31. Triumph Group, Inc. has a 1 year low of $11.01 and a 1 year high of $25.55.

Triumph Group (NYSE:TGI - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The aerospace company reported $0.27 earnings per share 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%. On average, equities research analysts predict that Triumph Group, Inc. will post 0.68 EPS for the current fiscal year.

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 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 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.31% of the stock is owned by 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.