Nuveen Asset Management LLC Increases Stake in Triumph Group, Inc. (NYSE:TGI)

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

A number of other hedge funds have also recently made changes to their positions in TGI. Sterling Capital Management LLC lifted its holdings in shares of Triumph Group by 804.2% in the 4th quarter. Sterling Capital Management LLC now owns 2,351 shares of the aerospace company's stock worth $44,000 after acquiring 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% 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 during the last quarter. Capula Management Ltd bought a new stake in shares of Triumph Group in the 4th quarter worth approximately $297,000. KLP Kapitalforvaltning AS bought a new stake in shares of Triumph Group in the 4th quarter worth approximately $310,000. Finally, Jump Financial LLC bought a new stake in Triumph Group during the 4th quarter valued at $430,000. 94.53% of the stock is currently owned by institutional investors.

Insider Transactions at Triumph Group

In related news, CAO Jennifer H. Allen sold 35,000 shares of the stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $25.32, for a total transaction of $886,200.00. Following the sale, the chief accounting officer now directly owns 51,696 shares of the company's stock, valued at approximately $1,308,942.72. This represents a 40.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.31% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Wall Street Zen assumed coverage on shares of Triumph Group in a report on Tuesday, May 20th. They set a "hold" rating for the company. Wolfe Research lowered shares of Triumph Group from an "outperform" rating to a "peer perform" rating in a report on Monday, February 10th. JPMorgan Chase & Co. upgraded shares of Triumph Group from an "underweight" rating to a "neutral" rating and upped their price target for the company from $17.00 to $26.00 in a report on Tuesday, April 15th. Barclays lowered shares of Triumph Group from an "overweight" rating to an "equal weight" rating and upped their price target for the company from $21.00 to $26.00 in a report on Thursday, February 6th. Finally, Robert W. Baird reiterated a "neutral" rating and set a $26.00 price target (up from $20.00) on shares of Triumph Group in a report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating and ten have given a hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $20.63.

Triumph Group Stock Down 0.0%

Shares of NYSE:TGI traded down $0.01 during midday trading on Monday, reaching $25.78. The company's stock had a trading volume of 661,055 shares, compared to its average volume of 1,213,865. The firm has a 50 day moving average of $25.32 and a 200-day moving average of $22.74. 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 released its earnings results on Wednesday, May 28th. The aerospace company reported $0.48 earnings per share for the quarter, topping analysts' consensus estimates of $0.31 by $0.17. The firm had revenue of $377.90 million for the quarter, compared to the consensus estimate of $334.04 million. Triumph Group had a net margin of 45.08% and a negative return on equity of 55.18%. The company's revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.31 EPS. On average, research analysts predict that Triumph Group, Inc. will post 0.68 EPS 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.