Triumph Group, Inc. (NYSE:TGI) Shares Acquired by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL lifted its stake in Triumph Group, Inc. (NYSE:TGI) by 2.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 566,289 shares of the aerospace company’s stock after acquiring an additional 12,233 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Triumph Group were worth $10,567,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in TGI. Assenagon Asset Management S.A. raised its position in Triumph Group by 124.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,318,285 shares of the aerospace company’s stock valued at $43,259,000 after purchasing an additional 1,286,568 shares during the period. Barclays PLC grew its stake in shares of Triumph Group by 155.8% in the third quarter. Barclays PLC now owns 148,530 shares of the aerospace company’s stock valued at $1,915,000 after buying an additional 90,456 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Triumph Group by 1,207.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 538,904 shares of the aerospace company’s stock valued at $6,946,000 after buying an additional 497,684 shares during the period. Raymond James Financial Inc. purchased a new position in Triumph Group during the 4th quarter valued at about $1,095,000. Finally, American Century Companies Inc. purchased a new position in Triumph Group during the 4th quarter valued at about $30,845,000. Hedge funds and other institutional investors own 94.53% of the company’s stock.

Insider Buying and Selling

In other Triumph Group news, CAO Jennifer H. Allen sold 35,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $25.32, for a total transaction of $886,200.00. Following the sale, the chief accounting officer now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.31% of the stock is owned by company insiders.

Triumph Group Trading Down 0.0 %

Shares of TGI opened at $24.90 on Wednesday. The firm’s fifty day simple moving average is $25.24 and its 200-day simple moving average is $20.20. The firm has a market capitalization of $1.93 billion, a price-to-earnings ratio of 3.46 and a beta of 2.13. Triumph Group, Inc. has a twelve month low of $11.01 and a twelve month high of $25.55.

Triumph Group (NYSE:TGI) last posted 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 negative return on equity of 55.18% and a net margin of 45.08%. On average, analysts predict that Triumph Group, Inc. will post 0.68 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TGI. Truist Financial increased their price target on shares of Triumph Group from $19.00 to $26.00 and gave the stock a “hold” rating in a research report on Tuesday, February 4th. Baird R W downgraded shares of Triumph Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 4th. JPMorgan Chase & Co. raised shares of Triumph Group from an “underweight” rating to a “neutral” rating and raised their price target for the company from $17.00 to $26.00 in a research report on Tuesday. StockNews.com started coverage on Triumph Group in a research report on Thursday, April 10th. They set a “hold” rating on the stock. Finally, Wolfe Research lowered Triumph Group from an “outperform” rating to a “peer perform” rating in a report on Monday, February 10th. One research analyst has rated the stock with a sell rating and ten have issued a hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $20.63.

About Triumph Group

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.