Charles Schwab Investment Management Inc. Boosts Holdings in Triumph Group, Inc. (NYSE:TGI)

Charles Schwab Investment Management Inc. raised its position in Triumph Group, Inc. (NYSE:TGI) by 3.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 701,997 shares of the aerospace company’s stock after acquiring an additional 22,004 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.91% of Triumph Group worth $13,099,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Centiva Capital LP purchased a new stake in shares of Triumph Group during the 3rd quarter worth approximately $255,000. Cornerstone Wealth Management LLC increased its holdings in shares of 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 acquiring an additional 580 shares during the period. GSA Capital Partners LLP increased its holdings in shares of Triumph Group by 14.1% in the 3rd quarter. GSA Capital Partners LLP now owns 26,374 shares of the aerospace company’s stock valued at $340,000 after acquiring an additional 3,253 shares during the period. Intech Investment Management LLC increased its holdings in shares of Triumph Group by 61.2% in the 3rd quarter. Intech Investment Management LLC now owns 34,152 shares of the aerospace company’s stock valued at $440,000 after acquiring an additional 12,965 shares during the period. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Triumph Group by 7.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 37,864 shares of the aerospace company’s stock valued at $488,000 after acquiring an additional 2,524 shares during the period. Hedge funds and other institutional investors own 94.53% of the company’s stock.

Triumph Group Stock Performance

NYSE TGI opened at $25.42 on Friday. Triumph Group, Inc. has a one year low of $11.01 and a one year high of $25.48. The company’s 50 day moving average price is $23.38 and its 200 day moving average price is $18.62. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of 3.53 and a beta of 2.53.

Triumph Group (NYSE:TGI) last posted its quarterly earnings data 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 net margin of 45.08% and a negative return on equity of 55.18%. Sell-side analysts forecast that Triumph Group, Inc. will post 0.68 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Jennifer H. Allen sold 35,000 shares of Triumph Group 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 sale, 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.31% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on TGI shares. StockNews.com began coverage on shares of Triumph Group in a report on Monday, March 17th. They issued a “hold” rating on the stock. TD Cowen raised shares of Triumph Group to a “hold” rating in a research note on Thursday, December 19th. Robert W. Baird restated a “neutral” rating and set a $26.00 target price (up from $20.00) on shares of Triumph Group in a research report on Tuesday, February 4th. Barclays lowered shares of Triumph Group from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $21.00 to $26.00 in a research report on Thursday, February 6th. Finally, Baird R W lowered shares of Triumph Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to data from MarketBeat.com, Triumph Group currently has a consensus rating of “Hold” and an average target price of $18.78.

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.