Triumph Group, Inc. (NYSE:TGI) Stock Position Cut by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its stake in Triumph Group, Inc. (NYSE:TGI) by 5.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 14,378 shares of the aerospace company’s stock after selling 834 shares during the quarter. Victory Capital Management Inc.’s holdings in Triumph Group were worth $268,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TGI. Cornerstone Wealth Management LLC lifted its holdings in Triumph Group by 3.8% in the 4th quarter. Cornerstone Wealth Management LLC now owns 15,964 shares of the aerospace company’s stock valued at $298,000 after acquiring an additional 580 shares during the last quarter. Centiva Capital LP acquired a new stake in Triumph Group in the 3rd quarter valued at about $255,000. GSA Capital Partners LLP lifted its holdings in Triumph Group by 14.1% in the 3rd quarter. GSA Capital Partners LLP now owns 26,374 shares of the aerospace company’s stock valued at $340,000 after acquiring an additional 3,253 shares during the last quarter. Intech Investment Management LLC lifted its holdings in Triumph Group by 61.2% in the 3rd quarter. Intech Investment Management LLC now owns 34,152 shares of the aerospace company’s stock valued at $440,000 after acquiring an additional 12,965 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in Triumph Group by 7.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 37,864 shares of the aerospace company’s stock valued at $488,000 after acquiring an additional 2,524 shares during the last quarter. Institutional investors own 94.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TGI. Robert W. Baird reissued a “neutral” rating and issued a $26.00 price target (up from $20.00) on shares of Triumph Group in a 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 note on Tuesday, February 4th. TD Cowen raised shares of Triumph Group to a “hold” rating in a research note on Thursday, December 19th. StockNews.com initiated coverage on shares of Triumph Group in a research note on Monday, March 17th. They set a “hold” rating for the company. Finally, Truist Financial upped their price objective on shares of Triumph Group from $19.00 to $26.00 and gave the company 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 company’s stock. Based on data from MarketBeat.com, Triumph Group has an average rating of “Hold” and a consensus target price of $18.78.

Insider Buying and Selling

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 stock was sold at an average price of $25.32, for a total transaction of $886,200.00. Following the completion of the transaction, the chief accounting officer now directly owns 51,696 shares of the company’s stock, valued at approximately $1,308,942.72. This trade represents a 40.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.31% of the stock is owned by company insiders.

Triumph Group Stock Performance

NYSE:TGI opened at $25.42 on Friday. The stock’s 50 day moving average price is $23.38 and its 200 day moving average price is $18.65. Triumph Group, Inc. has a 52 week low of $11.01 and a 52 week high of $25.48. The company has a market capitalization of $1.97 billion, a P/E ratio of 3.53 and a beta of 2.53.

Triumph Group (NYSE:TGI) last announced its quarterly earnings results on Monday, February 10th. The aerospace company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.24 by $0.03. Triumph Group had a negative return on equity of 55.18% and a net margin of 45.08%. As a group, sell-side analysts forecast that Triumph Group, Inc. will post 0.68 earnings per share for the current fiscal year.

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.