tru Independence LLC Lowers Stock Holdings in Triumph Group, Inc. (NYSE:TGI)

tru Independence LLC trimmed its holdings in shares of Triumph Group, Inc. (NYSE:TGI) by 2.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 469,900 shares of the aerospace company’s stock after selling 13,275 shares during the period. Triumph Group makes up approximately 2.1% of tru Independence LLC’s holdings, making the stock its 13th largest position. tru Independence LLC’s holdings in Triumph Group were worth $7,067,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Signaturefd LLC lifted its position in Triumph Group by 298.4% in the 4th quarter. Signaturefd LLC now owns 2,506 shares of the aerospace company’s stock valued at $42,000 after acquiring an additional 1,877 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of Triumph Group by 1,558.0% in the 4th quarter. International Assets Investment Management LLC now owns 4,974 shares of the aerospace company’s stock worth $82,000 after purchasing an additional 4,674 shares in the last quarter. Psagot Value Holdings Ltd. Israel increased its holdings in shares of Triumph Group by 541.6% in the 4th quarter. Psagot Value Holdings Ltd. Israel now owns 5,595 shares of the aerospace company’s stock worth $95,000 after purchasing an additional 4,723 shares in the last quarter. Sherbrooke Park Advisers LLC bought a new stake in shares of Triumph Group in the 3rd quarter worth $97,000. Finally, Victory Capital Management Inc. increased its holdings in shares of Triumph Group by 18.8% in the 4th quarter. Victory Capital Management Inc. now owns 14,672 shares of the aerospace company’s stock worth $243,000 after purchasing an additional 2,321 shares in the last quarter. 94.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Triumph Group news, Director Cynthia M. Egnotovich acquired 10,000 shares of the stock in a transaction dated Thursday, June 6th. The shares were acquired at an average cost of $15.14 per share, for a total transaction of $151,400.00. Following the completion of the transaction, the director now directly owns 32,561 shares of the company’s stock, valued at $492,973.54. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 2.31% of the company’s stock.

Triumph Group Trading Up 1.7 %

NYSE TGI traded up $0.26 on Tuesday, hitting $15.81. 138,994 shares of the company traded hands, compared to its average volume of 837,655. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 2.34, a P/E/G ratio of 18.31 and a beta of 2.53. The business’s 50 day moving average price is $14.41 and its 200-day moving average price is $14.63. Triumph Group, Inc. has a 52-week low of $7.00 and a 52-week high of $17.27.

Triumph Group (NYSE:TGI) last announced its quarterly earnings data on Thursday, May 23rd. The aerospace company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.12 by $0.19. Triumph Group had a negative return on equity of 0.78% and a net margin of 39.09%. The business had revenue of $358.60 million for the quarter, compared to the consensus estimate of $341.95 million. During the same period in the previous year, the business earned $0.39 earnings per share. The business’s revenue was up 10.2% on a year-over-year basis. As a group, sell-side analysts predict that Triumph Group, Inc. will post 0.5 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. JPMorgan Chase & Co. raised Triumph Group from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $13.00 to $17.00 in a report on Monday, April 15th. StockNews.com lowered Triumph Group from a “buy” rating to a “hold” rating in a report on Saturday, June 1st. Truist Financial reduced their target price on Triumph Group from $27.00 to $22.00 and set a “buy” rating for the company in a report on Friday, May 24th. TD Cowen reaffirmed a “hold” rating and issued a $14.00 price objective (down previously from $19.50) on shares of Triumph Group in a report on Tuesday, May 28th. Finally, The Goldman Sachs Group lifted their price objective on Triumph Group from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $18.75.

Triumph Group Company Profile

Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls, and distributes aerostructures, 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, exhaust nozzles and ducting, 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.