Invesco Ltd. Has $15.65 Million Holdings in Triumph Group, Inc. (NYSE:TGI)

Invesco Ltd. increased its holdings in Triumph Group, Inc. (NYSE:TGI) by 4.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 838,571 shares of the aerospace company’s stock after buying an additional 37,253 shares during the period. Invesco Ltd. owned 1.08% of Triumph Group worth $15,648,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Cornerstone Wealth Management LLC increased its holdings in 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 buying an additional 580 shares during the period. KLP Kapitalforvaltning AS bought a new stake in Triumph Group during the fourth quarter worth $310,000. Amundi boosted its holdings in shares of Triumph Group by 168.3% in the 4th quarter. Amundi now owns 37,407 shares of the aerospace company’s stock valued at $697,000 after purchasing an additional 23,466 shares in the last quarter. Illinois Municipal Retirement Fund acquired a new position in shares of Triumph Group during the 4th quarter worth $788,000. Finally, Old West Investment Management LLC lifted its position in shares of Triumph Group by 5.9% during the 4th quarter. Old West Investment Management LLC now owns 44,942 shares of the aerospace company’s stock worth $839,000 after buying an additional 2,516 shares during the last quarter. 94.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TGI. Robert W. Baird restated a “neutral” rating and issued a $26.00 target price (up previously from $20.00) on shares of Triumph Group in a research report on Tuesday, February 4th. Baird R W downgraded Triumph Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Wolfe Research cut Triumph Group from an “outperform” rating to a “peer perform” rating in a report on Monday, February 10th. Barclays downgraded Triumph Group from an “overweight” rating to an “equal weight” rating and upped their price objective for the company from $21.00 to $26.00 in a research note on Thursday, February 6th. Finally, JPMorgan Chase & Co. raised shares of Triumph Group from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $17.00 to $26.00 in a report on Tuesday, April 15th. One research analyst has rated the stock with a sell rating and ten have assigned a hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $20.63.

Triumph Group Trading Down 0.7 %

Shares of Triumph Group stock opened at $24.68 on Monday. The company has a market cap of $1.91 billion, a P/E ratio of 3.43 and a beta of 2.13. The business has a 50-day moving average price of $25.20 and a two-hundred day moving average price of $20.50. Triumph Group, Inc. has a 1-year low of $11.01 and a 1-year high of $25.55.

Triumph Group (NYSE:TGI) last issued its 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 negative return on equity of 55.18% and a net margin of 45.08%. Equities research analysts forecast that Triumph Group, Inc. will post 0.68 EPS for the current fiscal year.

Insider Activity

In other Triumph Group news, CAO Jennifer H. Allen sold 35,000 shares of the business’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 completion of the sale, the chief accounting officer now owns 51,696 shares in the company, valued at approximately $1,308,942.72. The trade was a 40.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.31% of the stock is currently owned by company insiders.

Triumph Group 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.