California State Teachers Retirement System Sells 4,084 Shares of Triumph Group, Inc. (NYSE:TGI)

California State Teachers Retirement System lessened its position in Triumph Group, Inc. (NYSE:TGI) by 5.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 68,676 shares of the aerospace company’s stock after selling 4,084 shares during the period. California State Teachers Retirement System owned approximately 0.09% of Triumph Group worth $1,281,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of TGI. Sterling Capital Management LLC increased its position in shares of Triumph Group by 804.2% during the fourth quarter. Sterling Capital Management LLC now owns 2,351 shares of the aerospace company’s stock worth $44,000 after acquiring an additional 2,091 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. increased its position in shares of Triumph Group by 58.1% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,761 shares of the aerospace company’s stock worth $126,000 after acquiring an additional 2,484 shares in the last quarter. Brevan Howard Capital Management LP increased its position in shares of 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 worth $230,000 after acquiring an additional 1,798 shares in the last quarter. Capula Management Ltd bought a new stake in shares of Triumph Group during the fourth quarter worth $297,000. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Triumph Group during the fourth quarter worth $310,000. Institutional investors own 94.53% of the company’s stock.

Triumph Group Trading Up 0.3%

Triumph Group stock opened at $25.94 on Tuesday. The company has a market cap of $2.01 billion, a P/E ratio of 3.60 and a beta of 2.30. Triumph Group, Inc. has a 1-year low of $11.01 and a 1-year high of $25.96. The company has a fifty day simple moving average of $25.36 and a 200 day simple moving average of $23.04.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Wolfe Research downgraded shares of Triumph Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, February 10th. Wall Street Zen assumed coverage on shares of Triumph Group in a research report on Tuesday, May 20th. They set a “hold” rating for the company. Finally, JPMorgan Chase & Co. raised shares of Triumph Group from an “underweight” rating to a “neutral” rating and raised their target price for the company from $17.00 to $26.00 in a research report on Tuesday, April 15th. One analyst has rated the stock with a sell rating and ten have given a hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $20.63.

Insider Activity

In other news, CAO Jennifer H. Allen sold 35,000 shares of Triumph Group stock in a transaction dated 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 transaction, the chief accounting officer now owns 51,696 shares of the company’s stock, valued at $1,308,942.72. This trade represents a 40.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.31% of the company’s stock.

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.