Triumph Group, Inc. (NYSE:TGI) CAO Sells $886,200.00 in Stock

Triumph Group, Inc. (NYSE:TGI) CAO Jennifer H. Allen sold 35,000 shares of the 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 completion of the sale, the chief accounting officer now directly owns 51,696 shares of the company’s stock, valued at approximately $1,308,942.72. This trade represents a 40.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Triumph Group Stock Performance

TGI opened at $25.41 on Monday. Triumph Group, Inc. has a fifty-two week low of $11.01 and a fifty-two week high of $25.44. The stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of 3.53 and a beta of 2.52. The company has a fifty day moving average of $22.70 and a 200 day moving average of $18.28.

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TGI. Baird R W cut shares of Triumph Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 4th. 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. TD Cowen raised shares of Triumph Group to a “hold” rating in a research note on Thursday, December 19th. Barclays cut shares of Triumph Group from an “overweight” rating to an “equal weight” rating and increased their price objective for the stock from $21.00 to $26.00 in a research note on Thursday, February 6th. Finally, StockNews.com assumed coverage on shares of Triumph Group in a research note on Monday. They set a “hold” rating for the company. Two analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. According to MarketBeat, Triumph Group has a consensus rating of “Hold” and a consensus price target of $18.78.

Hedge Funds Weigh In On Triumph Group

A number of institutional investors and hedge funds have recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Triumph Group by 17.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 191,866 shares of the aerospace company’s stock worth $3,580,000 after buying an additional 29,093 shares in the last quarter. Rafferty Asset Management LLC lifted its holdings in shares of Triumph Group by 4.7% in the 4th quarter. Rafferty Asset Management LLC now owns 19,802 shares of the aerospace company’s stock worth $370,000 after acquiring an additional 896 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its holdings in shares of Triumph Group by 58.1% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,761 shares of the aerospace company’s stock worth $126,000 after acquiring an additional 2,484 shares during the last quarter. ProShare Advisors LLC lifted its holdings in shares of Triumph Group by 44.2% in the 4th quarter. ProShare Advisors LLC now owns 22,191 shares of the aerospace company’s stock worth $414,000 after acquiring an additional 6,806 shares during the last quarter. Finally, Nuveen Asset Management LLC lifted its holdings in shares of Triumph Group by 16.4% in the 4th quarter. Nuveen Asset Management LLC now owns 248,644 shares of the aerospace company’s stock worth $4,640,000 after acquiring an additional 34,974 shares during the last quarter. 94.53% of the stock is owned by hedge funds and other institutional investors.

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.