Triumph Group, Inc. (NYSE:TGI) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its position in shares of Triumph Group, Inc. (NYSE:TGI) by 5.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,378 shares of the aerospace company’s stock after selling 834 shares during the period. Victory Capital Management Inc.’s holdings in Triumph Group were worth $268,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Assenagon Asset Management S.A. lifted its holdings in shares of Triumph Group by 124.7% during the 4th 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 period. JPMorgan Chase & Co. lifted its holdings in shares of Triumph Group by 1,207.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 538,904 shares of the aerospace company’s stock worth $6,946,000 after acquiring an additional 497,684 shares during the period. State Street Corp lifted its holdings in shares of Triumph Group by 7.8% during the 3rd quarter. State Street Corp now owns 4,447,835 shares of the aerospace company’s stock worth $57,333,000 after acquiring an additional 322,048 shares during the period. Fisher Asset Management LLC lifted its holdings in shares of Triumph Group by 17.9% during the 4th quarter. Fisher Asset Management LLC now owns 1,829,860 shares of the aerospace company’s stock worth $34,145,000 after acquiring an additional 277,333 shares during the period. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of Triumph Group by 18,544.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 256,554 shares of the aerospace company’s stock worth $4,787,000 after acquiring an additional 255,178 shares during the period. 94.53% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Triumph Group news, CAO Jennifer H. Allen sold 35,000 shares of Triumph Group stock in a transaction 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 owns 51,696 shares of the company’s stock, valued at $1,308,942.72. The trade was a 40.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 2.31% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on TGI. StockNews.com began coverage on shares of Triumph Group in a report on Monday, March 17th. They set a “hold” rating on the stock. Baird R W lowered shares of Triumph Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 4th. Truist Financial raised their price target on shares of Triumph Group from $19.00 to $26.00 and gave the company a “hold” rating in a report on Tuesday, February 4th. Wolfe Research lowered shares of Triumph Group from an “outperform” rating to a “peer perform” rating in a report on Monday, February 10th. Finally, Barclays lowered shares of Triumph Group from an “overweight” rating to an “equal weight” rating and raised their price target for the company from $21.00 to $26.00 in a report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating and nine have given a hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $18.78.

Triumph Group Stock Down 0.1 %

TGI opened at $25.42 on Friday. The firm has a market capitalization of $1.97 billion, a P/E ratio of 3.53 and a beta of 2.53. The firm’s 50 day moving average is $23.38 and its 200-day moving average is $18.65. Triumph Group, Inc. has a 52-week low of $11.01 and a 52-week high of $25.48.

Triumph Group (NYSE:TGI) last released its quarterly earnings results on Monday, February 10th. The aerospace company reported $0.27 earnings per share for the quarter, topping 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%. Equities analysts expect that Triumph Group, Inc. will post 0.68 earnings per share for the current fiscal year.

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.