Thrivent Financial for Lutherans Has $1.12 Million Stake in Triumph Group, Inc. (NYSE:TGI)

Thrivent Financial for Lutherans lowered its position in shares of Triumph Group, Inc. (NYSE:TGI) by 1.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 59,788 shares of the aerospace company’s stock after selling 936 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Triumph Group were worth $1,116,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in TGI. Centiva Capital LP acquired a new stake in Triumph Group during the third quarter worth approximately $255,000. Cornerstone Wealth Management LLC boosted its holdings in shares of Triumph Group by 3.8% during the 4th quarter. Cornerstone Wealth Management LLC now owns 15,964 shares of the aerospace company’s stock worth $298,000 after buying an additional 580 shares in the last quarter. Intech Investment Management LLC grew its position in shares of Triumph Group by 61.2% during the 3rd quarter. Intech Investment Management LLC now owns 34,152 shares of the aerospace company’s stock worth $440,000 after buying an additional 12,965 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of 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 in the last quarter. Finally, MetLife Investment Management LLC boosted its stake in Triumph Group by 5.3% during the third quarter. MetLife Investment Management LLC now owns 40,780 shares of the aerospace company’s stock worth $526,000 after acquiring an additional 2,043 shares in the last quarter. 94.53% of the stock is owned by institutional investors.

Insider Activity at Triumph Group

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

Triumph Group Trading Down 0.2 %

Shares of NYSE:TGI opened at $25.38 on Tuesday. The stock has a market cap of $1.96 billion, a PE ratio of 3.52 and a beta of 2.53. The stock’s fifty day simple moving average is $24.17 and its two-hundred day simple moving average is $19.21. Triumph Group, Inc. has a 1-year low of $11.01 and a 1-year high of $25.52.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. StockNews.com began coverage on shares of Triumph Group in a research note on Tuesday, March 25th. They issued a “hold” rating for the company. Truist Financial boosted their target price on Triumph Group from $19.00 to $26.00 and gave the company a “hold” rating in a research report on Tuesday, February 4th. Robert W. Baird reiterated a “neutral” rating and issued a $26.00 price target (up previously from $20.00) on shares of Triumph Group in a report on Tuesday, February 4th. Baird R W downgraded Triumph Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 4th. Finally, TD Cowen raised shares of Triumph Group to a “hold” rating in a research report on Thursday, December 19th. Two analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $18.88.

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.