Triumph Group, Inc. (NYSE:TGI) Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA trimmed its position in shares of Triumph Group, Inc. (NYSE:TGI) by 25.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,207 shares of the aerospace company’s stock after selling 3,893 shares during the period. Pictet Asset Management Holding SA’s holdings in Triumph Group were worth $209,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of TGI. Cornerstone Wealth Management LLC boosted 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 purchasing an additional 580 shares during the period. KLP Kapitalforvaltning AS purchased a new position in Triumph Group in the 4th quarter valued at approximately $310,000. The Manufacturers Life Insurance Company grew its stake in shares of Triumph Group by 7.1% in 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 in the last quarter. Janus Henderson Group PLC increased its position in shares of Triumph Group by 55.9% during the third quarter. Janus Henderson Group PLC now owns 41,092 shares of the aerospace company’s stock worth $530,000 after acquiring an additional 14,728 shares during the period. Finally, Amundi raised its stake in shares of Triumph Group by 168.3% in the fourth quarter. Amundi now owns 37,407 shares of the aerospace company’s stock valued at $697,000 after acquiring an additional 23,466 shares in the last quarter. 94.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on TGI shares. Baird R W cut Triumph Group from a “strong-buy” rating to 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 report on Thursday, December 19th. Barclays cut shares of Triumph Group from an “overweight” rating to an “equal weight” rating and lifted their price objective for the stock from $21.00 to $26.00 in a research report on Thursday, February 6th. Truist Financial raised their price target 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 assumed coverage on Triumph Group in a research note on Thursday. They set a “hold” rating for the company. Two analysts have rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $18.88.

Insider Buying and Selling at Triumph Group

In other news, CAO Jennifer H. Allen sold 35,000 shares of the business’s stock in a transaction dated Thursday, March 13th. The shares were 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.31% of the stock is owned by company insiders.

Triumph Group Trading Up 0.4 %

TGI stock opened at $24.66 on Friday. The business has a 50 day simple moving average of $25.25 and a 200-day simple moving average of $20.03. Triumph Group, Inc. has a twelve month low of $11.01 and a twelve month high of $25.55. The company has a market capitalization of $1.91 billion, a P/E ratio of 3.43 and a beta of 2.13.

Triumph Group (NYSE:TGI) last posted its quarterly earnings data on Monday, February 10th. The aerospace company reported $0.27 EPS for the quarter, beating 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%. Research analysts predict that Triumph Group, Inc. will post 0.68 EPS for the current fiscal year.

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.