Price T Rowe Associates Inc. MD Lowers Position in Triumph Group, Inc. (NYSE:TGI)

Price T Rowe Associates Inc. MD trimmed its position in Triumph Group, Inc. (NYSE:TGI - Free Report) by 39.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 90,844 shares of the aerospace company's stock after selling 59,729 shares during the period. Price T Rowe Associates Inc. MD owned 0.12% of Triumph Group worth $1,696,000 at the end of the most recent reporting period.

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Other institutional investors have also added to or reduced their stakes in the company. MetLife Investment Management LLC grew its position in shares of Triumph Group by 9.7% in the 4th quarter. MetLife Investment Management LLC now owns 44,721 shares of the aerospace company's stock worth $834,000 after buying an additional 3,941 shares during the period. Dimensional Fund Advisors LP boosted its stake in Triumph Group by 68.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 524,649 shares of the aerospace company's stock worth $9,790,000 after acquiring an additional 212,456 shares in the last quarter. First Trust Advisors LP grew its holdings in Triumph Group by 59.6% in the fourth quarter. First Trust Advisors LP now owns 1,702,245 shares of the aerospace company's stock worth $31,764,000 after purchasing an additional 635,568 shares during the period. Canada Pension Plan Investment Board increased its stake in shares of Triumph Group by 0.5% during the fourth quarter. Canada Pension Plan Investment Board now owns 301,400 shares of the aerospace company's stock valued at $5,624,000 after purchasing an additional 1,400 shares in the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in shares of Triumph Group during the fourth quarter valued at approximately $2,331,000. Institutional investors own 94.53% of the company's stock.

Insider Activity

In other news, CAO Jennifer H. Allen sold 35,000 shares of the 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 sale, the chief accounting officer now directly owns 51,696 shares of the company's stock, valued at $1,308,942.72. This represents a 40.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.31% of the company's stock.

Triumph Group Price Performance

Shares of TGI opened at $25.61 on Friday. The firm has a market capitalization of $1.98 billion, a P/E ratio of 3.56 and a beta of 2.34. Triumph Group, Inc. has a one year low of $11.01 and a one year high of $25.62. The business has a fifty day moving average of $25.21 and a 200 day moving average of $21.50.

Triumph Group (NYSE:TGI - Get Free Report) 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%. Analysts expect that Triumph Group, Inc. will post 0.68 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TGI. Truist Financial upped their price target on Triumph Group from $19.00 to $26.00 and gave the stock a "hold" rating in a research note on Tuesday, February 4th. Wolfe Research cut Triumph Group from an "outperform" rating to a "peer perform" rating in a research note on Monday, February 10th. Barclays lowered Triumph Group from an "overweight" rating to an "equal weight" rating and lifted their price target for the stock from $21.00 to $26.00 in a research report on Thursday, February 6th. JPMorgan Chase & Co. raised shares of Triumph Group from an "underweight" rating to a "neutral" rating and increased their price objective for the company from $17.00 to $26.00 in a research report on Tuesday, April 15th. Finally, Robert W. Baird reaffirmed a "neutral" rating and issued a $26.00 target price (up from $20.00) on shares of Triumph Group in a report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating and ten have given a hold rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $20.63.

Read Our Latest Analysis on TGI

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.

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