Triumph Group, Inc. (NYSE:TGI) Position Boosted by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its holdings in shares of Triumph Group, Inc. (NYSE:TGI) by 3.2% during the 4th quarter, HoldingsChannel reports. The fund owned 701,997 shares of the aerospace company’s stock after purchasing an additional 22,004 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Triumph Group were worth $13,099,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of TGI. State Street Corp grew its stake in shares of Triumph Group by 7.8% in the 3rd quarter. State Street Corp now owns 4,447,835 shares of the aerospace company’s stock valued at $57,333,000 after buying an additional 322,048 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Triumph Group by 124.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,318,285 shares of the aerospace company’s stock worth $43,259,000 after buying an additional 1,286,568 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Triumph Group by 17.9% during the fourth quarter. Fisher Asset Management LLC now owns 1,829,860 shares of the aerospace company’s stock worth $34,145,000 after buying an additional 277,333 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Triumph Group by 8.1% in the third quarter. Geode Capital Management LLC now owns 1,732,791 shares of the aerospace company’s stock valued at $22,340,000 after purchasing an additional 129,391 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of Triumph Group by 4.3% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 998,900 shares of the aerospace company’s stock valued at $12,876,000 after purchasing an additional 40,800 shares in the last quarter. Hedge funds and other institutional investors own 94.53% of the company’s stock.

Wall Street Analyst Weigh In

TGI has been the subject of a number of recent research reports. Robert W. Baird restated a “neutral” rating and issued a $26.00 target price (up from $20.00) on shares of Triumph Group in a research note on Tuesday, February 4th. Barclays cut Triumph Group from an “overweight” rating to an “equal weight” rating and increased their target price for the stock from $21.00 to $26.00 in a report on Thursday, February 6th. StockNews.com initiated coverage on Triumph Group in a report on Monday, March 17th. They set a “hold” rating on the stock. Truist Financial upped their price target on Triumph Group from $19.00 to $26.00 and gave the company a “hold” rating in a research note on Tuesday, February 4th. Finally, Baird R W lowered Triumph Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Two investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $18.78.

Triumph Group Price Performance

Shares of NYSE TGI opened at $25.42 on Friday. Triumph Group, Inc. has a fifty-two week low of $11.01 and a fifty-two week high of $25.48. The business has a fifty day moving average price of $23.38 and a two-hundred day moving average price of $18.62. The stock has a market capitalization of $1.97 billion, a PE ratio of 3.53 and a beta of 2.53.

Triumph Group (NYSE:TGI) last issued its quarterly earnings data 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%. On average, equities analysts expect that Triumph Group, Inc. will post 0.68 EPS for the current year.

Insider Buying and Selling

In other news, CAO Jennifer H. Allen sold 35,000 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $25.32, for a total value of $886,200.00. Following the completion of the sale, the chief accounting officer now directly owns 51,696 shares of the company’s stock, valued at $1,308,942.72. This represents a 40.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.31% of the stock is owned by company insiders.

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.