Triumph Group, Inc. (NYSE:TGI) Shares Sold by Homestead Advisers Corp

Homestead Advisers Corp lowered its holdings in Triumph Group, Inc. (NYSE:TGI) by 16.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 310,330 shares of the aerospace company’s stock after selling 61,000 shares during the quarter. Homestead Advisers Corp owned 0.40% of Triumph Group worth $5,791,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. State Street Corp boosted its holdings in Triumph Group by 7.8% during the third quarter. State Street Corp now owns 4,447,835 shares of the aerospace company’s stock worth $57,333,000 after buying an additional 322,048 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Triumph Group by 124.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,318,285 shares of the aerospace company’s stock worth $43,259,000 after acquiring an additional 1,286,568 shares in the last quarter. Fisher Asset Management LLC grew its holdings in shares of Triumph Group by 17.9% in the 4th quarter. Fisher Asset Management LLC now owns 1,829,860 shares of the aerospace company’s stock worth $34,145,000 after acquiring an additional 277,333 shares during the period. Geode Capital Management LLC increased its stake in Triumph Group by 8.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,732,791 shares of the aerospace company’s stock valued at $22,340,000 after purchasing an additional 129,391 shares in the last quarter. Finally, American Century Companies Inc. acquired a new position in Triumph Group during the fourth quarter worth $30,845,000. 94.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Robert W. Baird restated a “neutral” rating and issued a $26.00 price target (up previously from $20.00) on shares of Triumph Group in a research report on Tuesday, February 4th. Wolfe Research cut shares of Triumph Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, February 10th. Barclays cut shares of Triumph Group from an “overweight” rating to an “equal weight” rating and raised their price objective for the stock from $21.00 to $26.00 in a research note on Thursday, February 6th. Truist Financial upped their target price on 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 started coverage on Triumph Group in a research report on Tuesday. They set a “hold” rating for the company. Two research 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 presently has an average rating of “Hold” and an average target price of $18.78.

Triumph Group Stock Up 0.1 %

TGI stock opened at $25.50 on Thursday. The stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of 3.54 and a beta of 2.53. The stock’s fifty day simple moving average is $23.79 and its 200-day simple moving average is $18.91. Triumph Group, Inc. has a 52-week low of $11.01 and a 52-week high of $25.62.

Triumph Group (NYSE:TGI) last posted its quarterly earnings results on Monday, February 10th. The aerospace company reported $0.27 EPS for the quarter, beating 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%. As a group, analysts anticipate that Triumph Group, Inc. will post 0.68 earnings per share 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 stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $25.32, for a total value of $886,200.00. Following the transaction, 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.31% of the stock is owned by company 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.