Triumph Group, Inc. (NYSE:TGI) Shares Sold by Swiss National Bank

Swiss National Bank trimmed its stake in shares of Triumph Group, Inc. (NYSE:TGI) by 4.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 144,500 shares of the aerospace company’s stock after selling 6,700 shares during the quarter. Swiss National Bank’s holdings in Triumph Group were worth $2,696,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of TGI. Centiva Capital LP acquired a new stake in shares of Triumph Group during the third quarter worth $255,000. Cornerstone Wealth Management LLC boosted its holdings 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 in the last quarter. Intech Investment Management LLC increased its stake in shares of Triumph Group by 61.2% during the third quarter. Intech Investment Management LLC now owns 34,152 shares of the aerospace company’s stock worth $440,000 after acquiring an additional 12,965 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Triumph Group by 7.1% during the third quarter. The Manufacturers Life Insurance Company now owns 37,864 shares of the aerospace company’s stock worth $488,000 after acquiring an additional 2,524 shares during the period. Finally, MetLife Investment Management LLC raised its holdings in Triumph Group by 5.3% during the third quarter. MetLife Investment Management LLC now owns 40,780 shares of the aerospace company’s stock worth $526,000 after purchasing an additional 2,043 shares in the last quarter. 94.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Truist Financial increased their target price on Triumph Group from $19.00 to $26.00 and gave the stock a “hold” rating in a research note on Tuesday, February 4th. Barclays cut 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 report on Thursday, February 6th. Wolfe Research cut shares of Triumph Group from an “outperform” rating to a “peer perform” rating in a research note on Monday, February 10th. Robert W. Baird reiterated a “neutral” rating and issued a $26.00 price objective (up previously from $20.00) on shares of Triumph Group in a research note on Tuesday, February 4th. Finally, StockNews.com assumed coverage on shares of Triumph Group in a research report on Tuesday. They set a “hold” rating on the stock. Two research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. Based on data from MarketBeat.com, Triumph Group currently has an average rating of “Hold” and an average price target of $18.78.

Triumph Group Stock Performance

Triumph Group stock opened at $25.48 on Friday. Triumph Group, Inc. has a fifty-two week low of $11.01 and a fifty-two week high of $25.52. The stock has a fifty day moving average of $23.92 and a two-hundred day moving average of $18.96. The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of 3.54 and a beta of 2.53.

Triumph Group (NYSE:TGI) last announced its earnings results 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 net margin of 45.08% and a negative return on equity of 55.18%. On average, analysts forecast 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 Triumph Group stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $25.32, for a total transaction of $886,200.00. Following the sale, the chief accounting officer now owns 51,696 shares of the company’s stock, valued at $1,308,942.72. The trade was a 40.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible 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.