Triumph Group, Inc. (NYSE:TGI) Shares Sold by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. cut its stake in Triumph Group, Inc. (NYSE:TGI - Free Report) by 75.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 84,433 shares of the aerospace company's stock after selling 252,871 shares during the period. 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 institutional investors also recently bought and sold shares of the company. Barclays PLC lifted its holdings in Triumph Group by 155.8% during the 3rd quarter. Barclays PLC now owns 148,530 shares of the aerospace company's stock worth $1,915,000 after buying an additional 90,456 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Triumph Group during the 4th quarter worth about $1,095,000. American Century Companies Inc. purchased a new stake in Triumph Group during the 4th quarter worth about $30,845,000. Principal Financial Group Inc. lifted its holdings in Triumph Group by 2.9% during the 4th quarter. Principal Financial Group Inc. now owns 374,896 shares of the aerospace company's stock worth $6,996,000 after buying an additional 10,629 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its holdings in 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 buying an additional 277,333 shares during the last quarter. 94.53% of the stock is owned by hedge funds and other institutional investors.

Triumph Group Stock Up 0.1%

TGI stock traded up $0.02 during trading on Tuesday, hitting $25.70. The company had a trading volume of 602,620 shares, compared to its average volume of 1,214,352. The firm has a market cap of $1.99 billion, a PE ratio of 3.57 and a beta of 2.34. Triumph Group, Inc. has a 1-year low of $11.01 and a 1-year high of $25.75. The firm has a 50-day moving average price of $25.30 and a 200-day moving average price of $22.54.

Insider Activity at Triumph Group

In related news, CAO Jennifer H. Allen sold 35,000 shares of the business's 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 owns 51,696 shares in the company, valued at $1,308,942.72. The trade was a 40.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.31% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TGI. Truist Financial lifted their price target on Triumph Group from $19.00 to $26.00 and gave the stock 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 report on Monday, February 10th. Baird R W downgraded 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 boosted their target price for the company from $17.00 to $26.00 in a report on Tuesday, April 15th. Finally, Robert W. Baird reissued a "neutral" rating and issued a $26.00 target price (up from $20.00) on shares of Triumph Group in a report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating and ten have given a hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $20.63.

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.