Triumph Group, Inc. (NYSE:TGI) Shares Sold by Millennium Management LLC

Millennium Management LLC lessened its position in Triumph Group, Inc. (NYSE:TGI) by 26.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,678 shares of the aerospace company’s stock after selling 8,015 shares during the period. Millennium Management LLC’s holdings in Triumph Group were worth $423,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Barclays PLC increased its holdings in shares of Triumph Group by 155.8% in the 3rd quarter. Barclays PLC now owns 148,530 shares of the aerospace company’s stock worth $1,915,000 after acquiring an additional 90,456 shares during the period. Raymond James Financial Inc. acquired a new position in Triumph Group during the 4th quarter valued at about $1,095,000. American Century Companies Inc. acquired a new position in Triumph Group during the 4th quarter valued at about $30,845,000. Principal Financial Group Inc. increased its stake in Triumph Group by 2.9% during the 4th quarter. Principal Financial Group Inc. now owns 374,896 shares of the aerospace company’s stock valued at $6,996,000 after buying an additional 10,629 shares during the period. Finally, Fisher Asset Management LLC increased its stake in Triumph Group by 17.9% during the 4th quarter. Fisher Asset Management LLC now owns 1,829,860 shares of the aerospace company’s stock valued at $34,145,000 after buying an additional 277,333 shares during the period. Institutional investors and hedge funds own 94.53% of the company’s stock.

Triumph Group Trading Up 0.3%

NYSE:TGI opened at $25.94 on Tuesday. Triumph Group, Inc. has a twelve month low of $11.01 and a twelve month high of $25.96. The company has a 50-day moving average of $25.36 and a 200-day moving average of $23.04. The firm has a market cap of $2.01 billion, a price-to-earnings ratio of 3.60 and a beta of 2.30.

Triumph Group (NYSE:TGI) last announced its earnings results on Wednesday, May 28th. The aerospace company reported $0.48 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $334.04 million. During the same period last year, the company posted $0.31 earnings per share. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, research analysts forecast that Triumph Group, Inc. will post 0.68 earnings per share for the current year.

Wall Street Analyst Weigh In

TGI has been the topic of several research analyst reports. Wolfe Research cut shares of Triumph Group from an “outperform” rating to a “peer perform” rating in a research note on Monday, February 10th. 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 note on Tuesday, April 15th. Finally, Wall Street Zen initiated coverage on shares of Triumph Group in a research note on Tuesday, May 20th. They set a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating and ten have assigned a hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $20.63.

Insiders Place Their Bets

In other Triumph Group news, CAO Jennifer H. Allen sold 35,000 shares of the firm’s 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 directly owns 51,696 shares in the company, valued at $1,308,942.72. This trade represents a 40.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate 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.