Wells Fargo & Company MN Sells 31,769 Shares of Triumph Group, Inc. (NYSE:TGI)

Wells Fargo & Company MN trimmed its stake in shares of Triumph Group, Inc. (NYSE:TGI - Free Report) by 25.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 93,416 shares of the aerospace company's stock after selling 31,769 shares during the period. Wells Fargo & Company MN owned about 0.12% of Triumph Group worth $1,743,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. National Bank of Canada FI bought a new stake in shares of Triumph Group in the fourth quarter valued at about $2,053,000. Norges Bank bought a new stake in Triumph Group in the 4th quarter valued at approximately $15,945,000. WINTON GROUP Ltd acquired a new position in Triumph Group during the 4th quarter worth approximately $1,031,000. KLP Kapitalforvaltning AS bought a new position in shares of Triumph Group during the 4th quarter worth approximately $310,000. Finally, Sei Investments Co. acquired a new stake in shares of Triumph Group in the fourth quarter valued at approximately $4,025,000. 94.53% of the stock is owned by institutional investors.

Triumph Group Stock Up 0.4 %

Shares of NYSE TGI traded up $0.10 during mid-day trading on Tuesday, reaching $25.45. 1,119,402 shares of the company were exchanged, compared to its average volume of 1,225,587. The stock has a market capitalization of $1.97 billion, a P/E ratio of 3.53 and a beta of 2.13. The company's 50-day simple moving average is $25.18 and its 200-day simple moving average is $21.01. Triumph Group, Inc. has a twelve month low of $11.01 and a twelve month 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 (EPS) 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, equities research analysts expect that Triumph Group, Inc. will post 0.68 EPS for the current year.

Insider Activity

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 value of $886,200.00. Following the completion of the sale, the chief accounting officer now 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.31% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Robert W. Baird reiterated a "neutral" rating and issued a $26.00 price target (up from $20.00) on shares of Triumph Group in a research note on Tuesday, February 4th. 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. JPMorgan Chase & Co. upgraded Triumph Group from an "underweight" rating to a "neutral" rating and raised their price target for the company from $17.00 to $26.00 in a research note on Tuesday, April 15th. Baird R W downgraded Triumph Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 4th. Finally, Barclays downgraded shares of Triumph Group from an "overweight" rating to an "equal weight" rating and boosted their target price for the stock from $21.00 to $26.00 in a report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating and ten have assigned a hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $20.63.

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.