Triumph Group, Inc. (NYSE:TGI) CAO Jennifer H. Allen Sells 35,000 Shares of Stock

Triumph Group, Inc. (NYSE:TGI) CAO Jennifer H. Allen sold 35,000 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $25.32, for a total value of $886,200.00. Following the completion of the transaction, the chief accounting officer now directly owns 51,696 shares of the company’s stock, valued at approximately $1,308,942.72. This trade represents a 40.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Triumph Group Price Performance

TGI stock opened at $25.41 on Friday. The business has a fifty day moving average price of $22.70 and a 200 day moving average price of $18.22. Triumph Group, Inc. has a fifty-two week low of $11.01 and a fifty-two week high of $25.44. The stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of 3.53 and a beta of 2.52.

Triumph Group (NYSE:TGI) last released its quarterly earnings results on Monday, February 10th. The aerospace company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. Triumph Group had a negative return on equity of 55.18% and a net margin of 45.08%. On average, equities analysts expect that Triumph Group, Inc. will post 0.68 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TGI has been the subject of a number of recent research reports. TD Cowen upgraded Triumph Group to a “hold” rating in a research note on Thursday, December 19th. Robert W. Baird reaffirmed a “neutral” rating and set a $26.00 price objective (up from $20.00) on shares of Triumph Group in a report on Tuesday, February 4th. StockNews.com began coverage on shares of Triumph Group in a research note on Sunday, March 9th. They issued a “hold” rating on the stock. Wolfe Research cut shares of Triumph Group from an “outperform” rating to a “peer perform” rating in a research note on Monday, February 10th. Finally, Baird R W cut Triumph Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 4th. Two equities 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, the company presently has an average rating of “Hold” and an average price target of $18.78.

Hedge Funds Weigh In On Triumph Group

A number of large investors have recently modified their holdings of TGI. State Street Corp raised its position in Triumph Group by 7.8% in the 3rd quarter. State Street Corp now owns 4,447,835 shares of the aerospace company’s stock worth $57,333,000 after purchasing an additional 322,048 shares during the last quarter. Irenic Capital Management LP increased its stake in shares of Triumph Group by 19.9% in the 4th quarter. Irenic Capital Management LP now owns 3,787,022 shares of the aerospace company’s stock valued at $70,666,000 after buying an additional 628,296 shares during the period. Assenagon Asset Management S.A. raised its position 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 acquiring an additional 1,286,568 shares during the last quarter. Fisher Asset Management LLC lifted its stake 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 valued at $34,145,000 after acquiring an additional 277,333 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Triumph Group by 8.1% in the third quarter. Geode Capital Management LLC now owns 1,732,791 shares of the aerospace company’s stock valued at $22,340,000 after acquiring an additional 129,391 shares during the last quarter. 94.53% of the stock is currently owned by institutional investors and hedge funds.

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.