Raymond James & Associates Sells 34,675 Shares of Triumph Group, Inc. (NYSE:TGI)

Raymond James & Associates reduced its stake in Triumph Group, Inc. (NYSE:TGI) by 35.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 62,756 shares of the aerospace company’s stock after selling 34,675 shares during the period. Raymond James & Associates’ holdings in Triumph Group were worth $1,040,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in Triumph Group by 3.0% in the 2nd quarter. BlackRock Inc. now owns 11,532,977 shares of the aerospace company’s stock worth $142,663,000 after purchasing an additional 339,502 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Triumph Group by 0.6% in the second quarter. Price T Rowe Associates Inc. MD now owns 8,763,138 shares of the aerospace company’s stock worth $116,462,000 after buying an additional 52,167 shares in the last quarter. Vanguard Group Inc. grew its stake in Triumph Group by 20.1% during the third quarter. Vanguard Group Inc. now owns 6,910,979 shares of the aerospace company’s stock valued at $52,938,000 after acquiring an additional 1,155,919 shares in the last quarter. State Street Corp increased its holdings in Triumph Group by 23.6% during the 1st quarter. State Street Corp now owns 4,936,932 shares of the aerospace company’s stock worth $57,219,000 after acquiring an additional 943,658 shares during the period. Finally, Morgan Stanley increased its holdings in Triumph Group by 31.6% during the 3rd quarter. Morgan Stanley now owns 2,948,256 shares of the aerospace company’s stock worth $22,584,000 after acquiring an additional 707,570 shares during the period. 94.53% of the stock is currently owned by hedge funds and other institutional investors.

Triumph Group Trading Down 0.9 %

Shares of Triumph Group stock opened at $12.82 on Monday. The business’s 50-day moving average price is $14.20 and its 200-day moving average price is $12.82. The firm has a market capitalization of $985.47 million, a PE ratio of -18.85, a price-to-earnings-growth ratio of 7.08 and a beta of 2.58. Triumph Group, Inc. has a 12 month low of $7.00 and a 12 month high of $17.27.

Triumph Group (NYSE:TGI) last issued its quarterly earnings results on Wednesday, February 7th. The aerospace company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.30). The business had revenue of $285.00 million for the quarter, compared to the consensus estimate of $367.96 million. Triumph Group had a negative net margin of 3.49% and a negative return on equity of 2.15%. The firm’s revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.12 earnings per share. As a group, analysts predict that Triumph Group, Inc. will post -0.43 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TGI has been the subject of a number of recent analyst reports. Robert W. Baird upgraded shares of Triumph Group from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $13.00 to $20.00 in a research report on Tuesday, January 16th. JPMorgan Chase & Co. upgraded Triumph Group from an “underweight” rating to a “neutral” rating and upped their target price for the stock from $13.00 to $17.00 in a research note on Monday, April 15th. Barclays upgraded Triumph Group from an “equal weight” rating to an “overweight” rating and set a $20.00 price target for the company in a research report on Friday, January 5th. Truist Financial upped their price objective on shares of Triumph Group from $17.00 to $27.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Finally, Bank of America raised shares of Triumph Group from an “underperform” rating to a “buy” rating and boosted their price target for the stock from $9.00 to $21.00 in a research note on Thursday, January 25th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $19.63.

Insider Activity at Triumph Group

In other Triumph Group news, Director Neal J. Keating purchased 7,200 shares of the business’s stock in a transaction on Friday, February 9th. The stock was acquired at an average cost of $14.53 per share, for a total transaction of $104,616.00. Following the completion of the transaction, the director now directly owns 58,987 shares in the company, valued at approximately $857,081.11. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.40% of the stock is owned by insiders.

Triumph Group Profile

Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls, and distributes aerostructures, 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, exhaust nozzles and ducting, 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.