Deutsche Bank AG Raises Holdings in Triumph Group, Inc. (NYSE:TGI)

Deutsche Bank AG boosted its position in shares of Triumph Group, Inc. (NYSE:TGI - Free Report) by 67.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 62,168 shares of the aerospace company's stock after buying an additional 25,075 shares during the quarter. Deutsche Bank AG owned approximately 0.08% of Triumph Group worth $1,160,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Cornerstone Wealth Management LLC raised its position in shares of Triumph Group by 3.8% in the 4th quarter. Cornerstone Wealth Management LLC now owns 15,964 shares of the aerospace company's stock worth $298,000 after acquiring an additional 580 shares in the last quarter. Canada Pension Plan Investment Board grew its position in shares of Triumph Group by 0.5% in the 4th quarter. Canada Pension Plan Investment Board now owns 301,400 shares of the aerospace company's stock worth $5,624,000 after buying an additional 1,400 shares during the period. Brevan Howard Capital Management LP increased its stake in shares of Triumph Group by 17.1% in the 4th quarter. Brevan Howard Capital Management LP now owns 12,306 shares of the aerospace company's stock worth $230,000 after acquiring an additional 1,798 shares in the last quarter. Sterling Capital Management LLC lifted its position in Triumph Group by 804.2% during the 4th quarter. Sterling Capital Management LLC now owns 2,351 shares of the aerospace company's stock valued at $44,000 after acquiring an additional 2,091 shares during the period. Finally, Old West Investment Management LLC lifted its position in Triumph Group by 5.9% during the 4th quarter. Old West Investment Management LLC now owns 44,942 shares of the aerospace company's stock valued at $839,000 after acquiring an additional 2,516 shares during the period. Hedge funds and other institutional investors own 94.53% of the company's stock.

Triumph Group Trading Down 0.0%

NYSE:TGI traded down $0.01 during midday trading on Friday, hitting $25.81. 142,863 shares of the company traded hands, compared to its average volume of 1,210,012. The firm's fifty day moving average is $25.31 and its 200-day moving average is $22.63. The firm has a market capitalization of $2.00 billion, a P/E ratio of 3.58 and a beta of 2.34. Triumph Group, Inc. has a 12-month low of $11.01 and a 12-month high of $25.86.

Triumph Group (NYSE:TGI - Get Free Report) last issued its quarterly earnings results on Wednesday, May 28th. The aerospace company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.31 by $0.17. Triumph Group had a net margin of 45.08% and a negative return on equity of 55.18%. The company had revenue of $377.90 million for the quarter, compared to the consensus estimate of $334.04 million. During the same period in the prior year, the firm posted $0.31 EPS. The firm's revenue was up 5.4% compared to the same quarter last year. On average, research analysts expect that Triumph Group, Inc. will post 0.68 EPS for the current fiscal year.

Insiders Place Their Bets

In related 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 sale 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.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Truist Financial increased their target price on Triumph Group from $19.00 to $26.00 and gave the stock a "hold" rating in a research note on Tuesday, February 4th. JPMorgan Chase & Co. upgraded Triumph Group from an "underweight" rating to a "neutral" rating and boosted their price target for the stock from $17.00 to $26.00 in a research note on Tuesday, April 15th. Wolfe Research cut shares of Triumph Group from an "outperform" rating to a "peer perform" rating in a report on Monday, February 10th. Baird R W lowered shares of Triumph Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Finally, Wall Street Zen began coverage on Triumph Group in a research note on Tuesday, May 20th. They issued a "hold" rating on the stock. One investment analyst has rated the stock with a sell rating and ten have issued a hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target 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.