Two Sigma Investments LP Has $1.93 Million Position in Triumph Group, Inc. (NYSE:TGI)

Two Sigma Investments LP lessened its holdings in shares of Triumph Group, Inc. (NYSE:TGI) by 26.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 103,243 shares of the aerospace company’s stock after selling 37,022 shares during the quarter. Two Sigma Investments LP owned approximately 0.13% of Triumph Group worth $1,927,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Rafferty Asset Management LLC raised its position in Triumph Group by 4.7% during the fourth quarter. Rafferty Asset Management LLC now owns 19,802 shares of the aerospace company’s stock valued at $370,000 after acquiring an additional 896 shares in the last quarter. Canada Pension Plan Investment Board raised its position in 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 acquiring an additional 1,400 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Triumph Group by 3.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,712 shares of the aerospace company’s stock valued at $778,000 after acquiring an additional 1,563 shares in the last quarter. Brevan Howard Capital Management LP raised its position in Triumph Group by 17.1% during the fourth quarter. Brevan Howard Capital Management LP now owns 12,306 shares of the aerospace company’s stock valued at $230,000 after acquiring an additional 1,798 shares in the last quarter. Finally, Sterling Capital Management LLC raised its position in Triumph Group by 804.2% during the fourth quarter. Sterling Capital Management LLC now owns 2,351 shares of the aerospace company’s stock valued at $44,000 after acquiring an additional 2,091 shares in the last quarter. Institutional investors own 94.53% of the company’s stock.

Insider Transactions at Triumph Group

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 transaction of $886,200.00. Following the sale, the chief accounting officer now owns 51,696 shares in the company, 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 filing with the Securities & Exchange Commission, which is available at this link. 2.31% of the stock is currently owned by corporate insiders.

Triumph Group Trading Down 0.1%

Shares of Triumph Group stock opened at $25.78 on Monday. The company’s fifty day simple moving average is $25.32 and its 200-day simple moving average is $22.74. The company has a market cap of $2.00 billion, a price-to-earnings ratio of 3.58 and a beta of 2.34. Triumph Group, Inc. has a 1 year low of $11.01 and a 1 year high of $25.86.

Triumph Group (NYSE:TGI) last announced its quarterly earnings data on Wednesday, May 28th. The aerospace company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.17. The business had revenue of $377.90 million for the quarter, compared to the consensus estimate of $334.04 million. Triumph Group had a net margin of 45.08% and a negative return on equity of 55.18%. Triumph Group’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the company posted $0.31 earnings per share. As a group, research analysts forecast that Triumph Group, Inc. will post 0.68 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Barclays lowered shares of Triumph Group from an “overweight” rating to an “equal weight” rating and raised their price objective for the company from $21.00 to $26.00 in a research report on Thursday, February 6th. Truist Financial lifted their price target on shares of Triumph Group from $19.00 to $26.00 and gave the company a “hold” rating in a research report on Tuesday, February 4th. Baird R W lowered shares of Triumph Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Wall Street Zen began coverage on shares of Triumph Group in a research report on Tuesday, May 20th. They issued a “hold” rating on the stock. Finally, Wolfe Research lowered shares of Triumph Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, February 10th. One investment analyst has rated the stock with a sell rating and ten have issued a hold rating to the stock. According to data from MarketBeat.com, Triumph Group presently has a consensus rating of “Hold” and an average target price of $20.63.

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.