Aquatic Capital Management LLC Takes $639,000 Position in Triumph Group, Inc. (NYSE:TGI)

Aquatic Capital Management LLC acquired a new stake in Triumph Group, Inc. (NYSE:TGI - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 34,270 shares of the aerospace company's stock, valued at approximately $639,000.

A number of other institutional investors have also bought and sold shares of TGI. Assenagon Asset Management S.A. grew 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 valued at $43,259,000 after buying an additional 1,286,568 shares during the last quarter. Fisher Asset Management LLC raised its stake in shares of Triumph Group by 17.9% during the 4th quarter. Fisher Asset Management LLC now owns 1,829,860 shares of the aerospace company's stock worth $34,145,000 after purchasing an additional 277,333 shares during the period. First Trust Advisors LP raised its position in Triumph Group by 59.6% in the fourth quarter. First Trust Advisors LP now owns 1,702,245 shares of the aerospace company's stock worth $31,764,000 after acquiring an additional 635,568 shares during the period. American Century Companies Inc. purchased a new position in Triumph Group in the fourth quarter valued at approximately $30,845,000. Finally, Norges Bank bought a new position in shares of Triumph Group during the 4th quarter worth $15,945,000. Institutional investors own 94.53% of the company's stock.

Insiders Place Their Bets

In other news, CAO Jennifer H. Allen sold 35,000 shares of the stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $25.32, for a total value of $886,200.00. Following 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 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 the SEC website. Corporate insiders own 2.31% of the company's stock.

Triumph Group Trading Down 0.0 %

Shares of NYSE TGI traded down $0.01 during midday trading on Friday, hitting $25.49. The company's stock had a trading volume of 721,086 shares, compared to its average volume of 1,234,377. Triumph Group, Inc. has a 12-month low of $11.01 and a 12-month high of $25.58. The firm has a market cap of $1.97 billion, a P/E ratio of 3.54 and a beta of 2.13. The business's 50 day moving average is $25.20 and its two-hundred day moving average is $21.30.

Triumph Group (NYSE:TGI - Get Free Report) last issued its earnings results on Monday, February 10th. The aerospace company reported $0.27 earnings per share (EPS) for the quarter, topping 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%. On average, analysts predict that Triumph Group, Inc. will post 0.68 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TGI has been the subject of several recent analyst reports. Truist Financial boosted 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. Wolfe Research cut shares of Triumph Group from an "outperform" rating to a "peer perform" rating in a research report on Monday, February 10th. Robert W. Baird reissued a "neutral" rating and set a $26.00 price objective (up previously from $20.00) on shares of Triumph Group in a research note on Tuesday, February 4th. StockNews.com started coverage on Triumph Group in a research note on Sunday. They issued a "hold" rating on the stock. Finally, JPMorgan Chase & Co. upgraded shares of Triumph Group from an "underweight" rating to a "neutral" rating and lifted their price target for the company from $17.00 to $26.00 in a report on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating and ten have given a hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $20.63.

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.