Nuveen Asset Management LLC Buys 34,974 Shares of Triumph Group, Inc. (NYSE:TGI)

Nuveen Asset Management LLC increased its position in shares of Triumph Group, Inc. (NYSE:TGI - Free Report) by 16.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 248,644 shares of the aerospace company's stock after buying an additional 34,974 shares during the quarter. Nuveen Asset Management LLC owned 0.32% of Triumph Group worth $4,640,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Triumph Group by 3.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,712 shares of the aerospace company's stock worth $778,000 after buying an additional 1,563 shares in the last quarter. Irenic Capital Management LP grew its holdings in shares of Triumph Group by 19.9% during the fourth quarter. Irenic Capital Management LP now owns 3,787,022 shares of the aerospace company's stock worth $70,666,000 after buying an additional 628,296 shares in the last quarter. Hudson Bay Capital Management LP bought a new position in Triumph Group in the fourth quarter valued at approximately $2,572,000. Deutsche Bank AG grew its stake in Triumph Group by 67.6% in the fourth quarter. Deutsche Bank AG now owns 62,168 shares of the aerospace company's stock valued at $1,160,000 after purchasing an additional 25,075 shares in the last quarter. Finally, Brevan Howard Capital Management LP grew its stake in Triumph Group by 17.1% in the fourth quarter. Brevan Howard Capital Management LP now owns 12,306 shares of the aerospace company's stock valued at $230,000 after purchasing an additional 1,798 shares in the last quarter. 94.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TGI has been the subject of a number of analyst reports. JPMorgan Chase & Co. upgraded Triumph Group from an "underweight" rating to a "neutral" rating and raised their price target for the company from $17.00 to $26.00 in a research note on Tuesday, April 15th. Baird R W downgraded Triumph Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Barclays downgraded Triumph Group from an "overweight" rating to an "equal weight" rating and raised their price target for the company from $21.00 to $26.00 in a research note on Thursday, February 6th. Robert W. Baird restated a "neutral" rating and issued a $26.00 price target (up from $20.00) on shares of Triumph Group in a research note on Tuesday, February 4th. Finally, Wolfe Research cut Triumph Group from an "outperform" rating to a "peer perform" rating in a report on Monday, February 10th. One analyst has rated the stock with a sell rating and ten have given a hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $20.63.

Insider Buying and Selling

In related news, CAO Jennifer H. Allen sold 35,000 shares of the business's stock in a transaction on 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 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 this hyperlink. 2.31% of the stock is currently owned by corporate insiders.

Triumph Group Stock Up 0.2%

Shares of TGI traded up $0.04 during midday trading on Wednesday, hitting $25.83. The company's stock had a trading volume of 1,058,566 shares, compared to its average volume of 1,216,811. Triumph Group, Inc. has a one year low of $11.01 and a one year high of $25.86. The company's fifty day simple moving average is $25.34 and its two-hundred day simple moving average is $22.84. The stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of 3.59 and a beta of 2.34.

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

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.