Canada Pension Plan Investment Board Increases Stock Position in Triumph Group, Inc. (NYSE:TGI)

Canada Pension Plan Investment Board grew its stake in shares of Triumph Group, Inc. (NYSE:TGI) by 0.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 301,400 shares of the aerospace company’s stock after acquiring an additional 1,400 shares during the period. Canada Pension Plan Investment Board’s holdings in Triumph Group were worth $5,624,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Barclays PLC boosted its stake in Triumph Group by 155.8% in the 3rd quarter. Barclays PLC now owns 148,530 shares of the aerospace company’s stock worth $1,915,000 after purchasing an additional 90,456 shares during the period. Geode Capital Management LLC boosted its position 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 acquiring an additional 129,391 shares during the period. JPMorgan Chase & Co. grew its stake in Triumph Group by 1,207.4% during the third quarter. JPMorgan Chase & Co. now owns 538,904 shares of the aerospace company’s stock valued at $6,946,000 after acquiring an additional 497,684 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in Triumph Group by 124.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,318,285 shares of the aerospace company’s stock worth $43,259,000 after acquiring an additional 1,286,568 shares during the period. Finally, Nisa Investment Advisors LLC lifted its stake in Triumph Group by 18,544.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 256,554 shares of the aerospace company’s stock worth $4,787,000 after purchasing an additional 255,178 shares in the last quarter. 94.53% of the stock is owned by institutional investors.

Insider Transactions at Triumph Group

In other 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 value of $886,200.00. Following the transaction, the chief accounting officer now owns 51,696 shares in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.31% of the company’s stock.

Analyst Ratings Changes

TGI has been the subject of a number of recent analyst reports. Barclays lowered shares of Triumph Group from an “overweight” rating to an “equal weight” rating and boosted their price target for the company from $21.00 to $26.00 in a research report on Thursday, February 6th. Truist Financial boosted their target price on Triumph Group from $19.00 to $26.00 and gave the stock a “hold” rating in a research report on Tuesday, February 4th. JPMorgan Chase & Co. raised 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 report on Tuesday, April 15th. StockNews.com initiated coverage on Triumph Group in a report on Friday. They set a “hold” rating for the company. Finally, Baird R W cut shares of Triumph Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 4th. One analyst has rated the stock with a sell rating and ten have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, Triumph Group has an average rating of “Hold” and an average target price of $20.63.

Triumph Group Price Performance

Shares of NYSE TGI opened at $24.73 on Tuesday. The stock has a market capitalization of $1.91 billion, a P/E ratio of 3.43 and a beta of 2.13. Triumph Group, Inc. has a one year low of $11.01 and a one year high of $25.55. The firm’s 50 day simple moving average is $25.19 and its two-hundred day simple moving average is $20.58.

Triumph Group (NYSE:TGI) last released its 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 net margin of 45.08% and a negative return on equity of 55.18%. As a group, equities analysts expect that Triumph Group, Inc. will post 0.68 earnings per share for the current fiscal year.

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.