Fisher Asset Management LLC Has $24.81 Million Stock Position in Triumph Group, Inc. (NYSE:TGI)

Fisher Asset Management LLC decreased its stake in Triumph Group, Inc. (NYSE:TGI) by 3.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,496,482 shares of the aerospace company’s stock after selling 50,935 shares during the quarter. Fisher Asset Management LLC owned 1.95% of Triumph Group worth $24,812,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of TGI. Vision One Management Partners LP acquired a new position in shares of Triumph Group in the 4th quarter valued at $34,587,000. Vanguard Group Inc. boosted its position in Triumph Group by 20.1% during the 3rd quarter. Vanguard Group Inc. now owns 6,910,979 shares of the aerospace company’s stock worth $52,938,000 after acquiring an additional 1,155,919 shares during the period. Norges Bank acquired a new stake in Triumph Group during the 4th quarter worth about $12,720,000. Maple Rock Capital Partners Inc. boosted its position in Triumph Group by 29.5% during the 3rd quarter. Maple Rock Capital Partners Inc. now owns 2,667,178 shares of the aerospace company’s stock worth $20,431,000 after acquiring an additional 606,989 shares during the period. Finally, Hsbc Holdings PLC boosted its position in Triumph Group by 410.6% during the 3rd quarter. Hsbc Holdings PLC now owns 679,805 shares of the aerospace company’s stock worth $5,255,000 after acquiring an additional 546,664 shares during the period. Institutional investors and hedge funds own 94.53% of the company’s stock.

Insiders Place Their Bets

In other news, Director Neal J. Keating acquired 10,000 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The shares were bought at an average price of $14.13 per share, with a total value of $141,300.00. Following the acquisition, the director now owns 68,987 shares of the company’s stock, valued at $974,786.31. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TGI. Truist Financial decreased their price objective on Triumph Group from $27.00 to $22.00 and set a “buy” rating for the company in a research report on Friday, May 24th. TD Cowen restated a “hold” rating and set a $14.00 price objective (down from $19.50) on shares of Triumph Group in a research report on Tuesday, May 28th. Barclays reduced their price target on Triumph Group from $20.00 to $18.00 and set an “overweight” rating for the company in a report on Wednesday, May 29th. Wolfe Research upgraded Triumph Group from a “peer perform” rating to an “outperform” rating and set a $18.00 price target for the company in a report on Thursday, March 28th. Finally, StockNews.com lowered Triumph Group from a “buy” rating to a “hold” rating in a report on Saturday, June 1st. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Triumph Group currently has an average rating of “Moderate Buy” and an average price target of $18.75.

Triumph Group Stock Performance

Shares of TGI stock opened at $14.30 on Tuesday. The stock’s 50 day simple moving average is $14.09 and its 200 day simple moving average is $14.37. Triumph Group, Inc. has a twelve month low of $7.00 and a twelve month high of $17.27. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 2.16, a PEG ratio of 16.67 and a beta of 2.53.

Triumph Group (NYSE:TGI) last issued its quarterly earnings results on Thursday, May 23rd. The aerospace company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.12 by $0.19. The company had revenue of $358.60 million for the quarter, compared to the consensus estimate of $341.95 million. Triumph Group had a negative return on equity of 0.78% and a net margin of 39.09%. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.39 EPS. On average, analysts forecast that Triumph Group, Inc. will post 0.5 EPS for the current fiscal year.

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.