Dimensional Fund Advisors LP Increases Stock Position in Triumph Group, Inc. (NYSE:TGI)

Dimensional Fund Advisors LP increased its position in Triumph Group, Inc. (NYSE:TGI - Free Report) by 68.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 524,649 shares of the aerospace company's stock after buying an additional 212,456 shares during the quarter. Dimensional Fund Advisors LP owned about 0.68% of Triumph Group worth $9,790,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in TGI. Assenagon Asset Management S.A. increased 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 purchasing an additional 1,286,568 shares during the period. Barclays PLC increased its holdings in shares of Triumph Group by 155.8% during the 3rd quarter. Barclays PLC now owns 148,530 shares of the aerospace company's stock valued at $1,915,000 after acquiring an additional 90,456 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Triumph Group during the 4th quarter valued at $1,095,000. JPMorgan Chase & Co. increased its stake in Triumph Group by 1,207.4% in 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 during the period. Finally, American Century Companies Inc. bought a new stake in Triumph Group during the 4th quarter worth approximately $30,845,000. Hedge funds and other institutional investors own 94.53% of the company's stock.

Analyst Upgrades and Downgrades

TGI has been the subject of a number of recent analyst reports. Wolfe Research cut Triumph Group from an "outperform" rating to a "peer perform" rating in a research report on Monday, February 10th. Truist Financial upped their target price on shares of Triumph Group from $19.00 to $26.00 and gave the stock a "hold" rating in a research note on Tuesday, February 4th. Baird R W lowered Triumph Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 4th. JPMorgan Chase & Co. raised Triumph Group from an "underweight" rating to a "neutral" rating and upped their price target for the company from $17.00 to $26.00 in a research report on Tuesday, April 15th. Finally, Robert W. Baird restated a "neutral" rating and issued a $26.00 price target (up previously from $20.00) on shares of Triumph Group in a research report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating and ten have assigned a hold rating to the stock. Based on data from MarketBeat, Triumph Group currently has an average rating of "Hold" and a consensus target price of $20.63.

Triumph Group Trading Up 0.2%

Shares of TGI stock traded up $0.04 on Tuesday, reaching $25.65. The company's stock had a trading volume of 994,754 shares, compared to its average volume of 1,235,237. The company has a market capitalization of $1.99 billion, a price-to-earnings ratio of 3.56 and a beta of 2.34. Triumph Group, Inc. has a 1 year low of $11.01 and a 1 year high of $25.69. The stock's fifty day simple moving average is $25.23 and its 200-day simple moving average is $21.75.

Triumph Group (NYSE:TGI - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The aerospace company reported $0.27 earnings per share (EPS) 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%. Equities research analysts forecast that Triumph Group, Inc. will post 0.68 earnings per share for the current year.

Insider Activity

In other news, CAO Jennifer H. Allen sold 35,000 shares of the stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $25.32, for a total transaction of $886,200.00. Following the transaction, the chief accounting officer now owns 51,696 shares of the company's stock, valued at $1,308,942.72. This represents a 40.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 2.31% of the company's stock.

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.