Jane Street Group LLC Has $2.28 Million Stock Position in Triumph Group, Inc. (NYSE:TGI)

Jane Street Group LLC lifted its stake in shares of Triumph Group, Inc. (NYSE:TGI) by 237.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 122,139 shares of the aerospace company’s stock after purchasing an additional 85,933 shares during the quarter. Jane Street Group LLC’s holdings in Triumph Group were worth $2,279,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Assenagon Asset Management S.A. increased its holdings in shares of Triumph Group by 124.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,318,285 shares of the aerospace company’s stock worth $43,259,000 after buying an additional 1,286,568 shares in the last quarter. Fisher Asset Management LLC increased its holdings in shares of Triumph Group by 17.9% during the fourth quarter. Fisher Asset Management LLC now owns 1,829,860 shares of the aerospace company’s stock worth $34,145,000 after buying an additional 277,333 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of Triumph Group by 59.6% during the fourth quarter. First Trust Advisors LP now owns 1,702,245 shares of the aerospace company’s stock worth $31,764,000 after buying an additional 635,568 shares in the last quarter. American Century Companies Inc. acquired a new position in shares of Triumph Group during the fourth quarter worth $30,845,000. Finally, Norges Bank acquired a new position in shares of Triumph Group during the fourth quarter worth $15,945,000. 94.53% of the stock is currently owned by institutional investors and hedge funds.

Triumph Group Stock Down 0.0%

NYSE TGI opened at $25.66 on Friday. The company has a market capitalization of $1.99 billion, a price-to-earnings ratio of 3.56 and a beta of 2.34. The stock has a fifty day simple moving average of $25.25 and a 200 day simple moving average of $21.88. Triumph Group, Inc. has a twelve month low of $11.01 and a twelve month high of $25.74.

Triumph Group (NYSE:TGI) last issued its quarterly earnings results 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 expect that Triumph Group, Inc. will post 0.68 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TGI. Wolfe Research downgraded shares of Triumph Group from an “outperform” rating to a “peer perform” rating in a report on Monday, February 10th. StockNews.com started coverage on Triumph Group in a report on Monday. They issued a “hold” rating for the company. JPMorgan Chase & Co. upgraded Triumph Group from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $17.00 to $26.00 in a report on Tuesday, April 15th. Robert W. Baird restated a “neutral” rating and issued a $26.00 price objective (up from $20.00) on shares of Triumph Group in a report on Tuesday, February 4th. Finally, Truist Financial increased their price objective on Triumph Group from $19.00 to $26.00 and gave the company a “hold” rating in a report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating and ten have assigned a hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $20.63.

Insider Buying and Selling at Triumph Group

In other Triumph Group news, CAO Jennifer H. Allen sold 35,000 shares of the company’s 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 approximately $1,308,942.72. This represents a 40.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.31% of the company’s stock.

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.