Comerica Bank Sells 532 Shares of Triumph Group, Inc. (NYSE:TGI)

Comerica Bank decreased its holdings in Triumph Group, Inc. (NYSE:TGI) by 1.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,645 shares of the aerospace company’s stock after selling 532 shares during the period. Comerica Bank’s holdings in Triumph Group were worth $702,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of TGI. Sterling Capital Management LLC boosted its stake in Triumph Group by 804.2% in the 4th quarter. Sterling Capital Management LLC now owns 2,351 shares of the aerospace company’s stock worth $44,000 after purchasing an additional 2,091 shares during the period. Capula Management Ltd purchased a new stake in Triumph Group in the 4th quarter worth approximately $297,000. Cornerstone Wealth Management LLC boosted its holdings in Triumph Group by 3.8% in the 4th 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 bought a new position in Triumph Group in the 4th quarter valued at $310,000. Finally, Jump Financial LLC purchased a new position in shares of Triumph Group during the 4th quarter valued at $430,000. Institutional investors own 94.53% of the company’s stock.

Insider Activity at Triumph Group

In related 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 completion of the sale, the chief accounting officer now directly owns 51,696 shares in the company, valued at $1,308,942.72. This represents a 40.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.31% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Baird R W lowered Triumph Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Wolfe Research downgraded Triumph Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, February 10th. 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 research report on Tuesday, February 4th. JPMorgan Chase & Co. raised shares of Triumph Group from an “underweight” rating to a “neutral” rating and raised their target price for the company from $17.00 to $26.00 in a research note on Tuesday, April 15th. Finally, StockNews.com assumed coverage on shares of Triumph Group in a research note on Monday. They issued a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating and ten have issued a hold rating to the stock. According to MarketBeat.com, Triumph Group presently has an average rating of “Hold” and a consensus target price of $20.63.

Triumph Group Stock Performance

Shares of TGI opened at $25.65 on Wednesday. Triumph Group, Inc. has a fifty-two week low of $11.01 and a fifty-two week high of $25.68. The firm has a market cap of $1.99 billion, a price-to-earnings ratio of 3.56 and a beta of 2.34. The firm has a 50 day moving average price of $25.24 and a 200-day moving average price of $21.78.

Triumph Group (NYSE:TGI) last posted its quarterly earnings results on Monday, February 10th. The aerospace company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.03. Triumph Group had a net margin of 45.08% and a negative return on equity of 55.18%. As a group, equities research analysts predict that Triumph Group, Inc. will post 0.68 earnings per share for the current year.

Triumph Group Company 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.