Triumph Group, Inc. (NYSE:TGI) Stake Boosted by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its holdings in Triumph Group, Inc. (NYSE:TGI - Free Report) by 68.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 524,649 shares of the aerospace company's stock after buying an additional 212,456 shares during the period. Dimensional Fund Advisors LP owned approximately 0.68% of Triumph Group worth $9,790,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sterling Capital Management LLC boosted its stake in shares of Triumph Group by 804.2% during the fourth quarter. Sterling Capital Management LLC now owns 2,351 shares of the aerospace company's stock valued at $44,000 after purchasing an additional 2,091 shares in the last quarter. Capula Management Ltd acquired a new stake in Triumph Group during the fourth quarter worth about $297,000. Cornerstone Wealth Management LLC increased 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 valued at $298,000 after purchasing an additional 580 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Triumph Group in the 4th quarter valued at $310,000. Finally, Jump Financial LLC purchased a new stake in shares of Triumph Group during the 4th quarter worth about $430,000. Hedge funds and other institutional investors own 94.53% of the company's stock.

Triumph Group Stock Down 0.0%

NYSE TGI traded down $0.01 during trading hours on Thursday, hitting $25.67. 128,924 shares of the company were exchanged, compared to its average volume of 1,230,162. The company has a 50 day moving average of $25.24 and a two-hundred day moving average of $21.81. Triumph Group, Inc. has a 52-week low of $11.01 and a 52-week high of $25.72. The firm has a market cap of $1.99 billion, a price-to-earnings ratio of 3.56 and a beta of 2.34.

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

Wall Street Analyst Weigh In

TGI has been the topic of several recent analyst reports. Truist Financial increased their price objective on shares of Triumph Group from $19.00 to $26.00 and gave the company a "hold" rating in a report on Tuesday, February 4th. Wolfe Research downgraded 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 issued a $26.00 price objective (up from $20.00) on shares of Triumph Group in a research note on Tuesday, February 4th. StockNews.com began coverage on shares of Triumph Group in a report on Monday. They set a "hold" rating for the company. Finally, Barclays lowered shares of Triumph Group from an "overweight" rating to an "equal weight" rating and boosted their price target for the stock from $21.00 to $26.00 in a research report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating and ten have assigned a hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $20.63.

Insiders Place Their Bets

In related 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.31% of the company's stock.

Triumph Group 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.