D. E. Shaw & Co. Inc. Has $1.58 Million Position in Triumph Group, Inc. (NYSE:TGI)

D. E. Shaw & Co. Inc. lowered its stake in shares of Triumph Group, Inc. (NYSE:TGI - Free Report) by 75.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 84,433 shares of the aerospace company's stock after selling 252,871 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.11% of Triumph Group worth $1,576,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Sterling Capital Management LLC lifted its holdings 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 worth $44,000 after buying an additional 2,091 shares during the last quarter. Brevan Howard Capital Management LP lifted its holdings in shares of Triumph Group by 17.1% during the fourth quarter. Brevan Howard Capital Management LP now owns 12,306 shares of the aerospace company's stock worth $230,000 after buying an additional 1,798 shares during the last quarter. Capula Management Ltd acquired a new position in shares of Triumph Group during the fourth quarter worth approximately $297,000. Cornerstone Wealth Management LLC lifted its holdings in shares of Triumph Group by 3.8% during the fourth quarter. Cornerstone Wealth Management LLC now owns 15,964 shares of the aerospace company's stock worth $298,000 after buying an additional 580 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Triumph Group during the fourth quarter worth approximately $310,000. 94.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Baird R W lowered Triumph Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 4th. Wall Street Zen started coverage on Triumph Group in a report on Tuesday, May 20th. They set a "hold" rating on the stock. Wolfe Research cut Triumph Group from an "outperform" rating to a "peer perform" rating in a report on Monday, February 10th. Robert W. Baird restated a "neutral" rating and set a $26.00 target price (up previously from $20.00) on shares of Triumph Group in a report on Tuesday, February 4th. Finally, Truist Financial increased their target price on Triumph Group from $19.00 to $26.00 and gave the stock a "hold" rating in a report on Tuesday, February 4th. One analyst has rated the stock with a sell rating and ten have issued a hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $20.63.

Triumph Group Stock Performance

NYSE:TGI traded up $0.02 during mid-day trading on Tuesday, hitting $25.70. The company had a trading volume of 126,097 shares, compared to its average volume of 1,700,062. Triumph Group, Inc. has a fifty-two week low of $11.01 and a fifty-two week high of $25.75. The business's fifty day moving average is $25.30 and its two-hundred day moving average is $22.52. The firm has a market cap of $1.99 billion, a P/E ratio of 3.57 and a beta of 2.34.

Insider Buying and Selling at Triumph Group

In other news, CAO Jennifer H. Allen sold 35,000 shares of the firm's stock in a transaction dated Thursday, March 13th. The stock was 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 $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 SEC, which is available through this hyperlink. 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.