215,723 Shares in Triumph Group, Inc. (NYSE:TGI) Bought by Sei Investments Co.

Sei Investments Co. acquired a new stake in Triumph Group, Inc. (NYSE:TGI) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 215,723 shares of the aerospace company’s stock, valued at approximately $4,025,000. Sei Investments Co. owned approximately 0.28% of Triumph Group at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Centiva Capital LP acquired a new position in shares of Triumph Group during the 3rd quarter valued at $255,000. Cornerstone Wealth Management LLC raised its position in Triumph Group by 3.8% in the fourth 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. The Manufacturers Life Insurance Company lifted its stake in shares of Triumph Group by 7.1% during the third quarter. The Manufacturers Life Insurance Company now owns 37,864 shares of the aerospace company’s stock worth $488,000 after purchasing an additional 2,524 shares in the last quarter. MetLife Investment Management LLC grew its stake in shares of Triumph Group by 5.3% in the third quarter. MetLife Investment Management LLC now owns 40,780 shares of the aerospace company’s stock valued at $526,000 after buying an additional 2,043 shares in the last quarter. Finally, Janus Henderson Group PLC raised its holdings in shares of Triumph Group by 55.9% during the 3rd quarter. Janus Henderson Group PLC now owns 41,092 shares of the aerospace company’s stock valued at $530,000 after buying an additional 14,728 shares during the period. Hedge funds and other institutional investors own 94.53% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Jennifer H. Allen sold 35,000 shares of the firm’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 transaction, the chief accounting officer now owns 51,696 shares in the company, valued at approximately $1,308,942.72. This trade represents a 40.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.31% of the company’s stock.

Triumph Group Stock Performance

Triumph Group stock opened at $25.55 on Thursday. The firm’s 50-day moving average is $24.43 and its 200-day moving average is $19.34. Triumph Group, Inc. has a 1 year low of $11.01 and a 1 year high of $25.55. The company has a market cap of $1.98 billion, a P/E ratio of 3.55 and a beta of 2.53.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. StockNews.com started coverage on Triumph Group in a report on Wednesday. They issued a “hold” rating for the company. Barclays downgraded shares of Triumph Group from an “overweight” rating to an “equal weight” rating and upped their target price for the company from $21.00 to $26.00 in a research note on Thursday, February 6th. Robert W. Baird reaffirmed a “neutral” rating and set a $26.00 price target (up previously from $20.00) on shares of Triumph Group in a research note on Tuesday, February 4th. Baird R W cut shares of Triumph Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Finally, Wolfe Research lowered Triumph Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, February 10th. 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, Triumph Group has a consensus rating of “Hold” and an average target price of $18.88.

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.