Point72 Asset Management L.P. Sells 245,176 Shares of Triumph Group, Inc. (NYSE:TGI)

Point72 Asset Management L.P. lessened its holdings in Triumph Group, Inc. (NYSE:TGI - Free Report) by 22.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 866,936 shares of the aerospace company's stock after selling 245,176 shares during the quarter. Point72 Asset Management L.P. owned 1.12% of Triumph Group worth $16,177,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of TGI. Barclays PLC raised its stake in Triumph Group by 155.8% in the 3rd quarter. Barclays PLC now owns 148,530 shares of the aerospace company's stock worth $1,915,000 after purchasing an additional 90,456 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Triumph Group during the fourth quarter worth approximately $1,095,000. American Century Companies Inc. acquired a new position in Triumph Group in the 4th quarter valued at $30,845,000. Principal Financial Group Inc. lifted its position in shares of Triumph Group by 2.9% during the 4th quarter. Principal Financial Group Inc. now owns 374,896 shares of the aerospace company's stock valued at $6,996,000 after acquiring an additional 10,629 shares during the period. Finally, Fisher Asset Management LLC increased its position in shares of Triumph Group by 17.9% in the fourth quarter. Fisher Asset Management LLC now owns 1,829,860 shares of the aerospace company's stock worth $34,145,000 after purchasing an additional 277,333 shares during the period. 94.53% of the stock is currently owned by institutional investors and hedge funds.

Triumph Group Stock Performance

Shares of NYSE:TGI traded up $0.02 during mid-day trading on Friday, reaching $25.69. 213,022 shares of the company's stock were exchanged, compared to its average volume of 1,228,379. Triumph Group, Inc. has a twelve month low of $11.01 and a twelve month high of $25.75. The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of 3.57 and a beta of 2.34. The business's fifty day moving average price is $25.29 and its 200-day moving average price is $22.28.

Insider Transactions at Triumph Group

In other Triumph Group news, CAO Jennifer H. Allen sold 35,000 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $25.32, for a total transaction of $886,200.00. Following the completion of the sale, the chief accounting officer now 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.31% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on TGI shares. Robert W. Baird reiterated a "neutral" rating and set a $26.00 price objective (up from $20.00) on shares of Triumph Group in a research note on Tuesday, February 4th. Wall Street Zen initiated coverage on shares of Triumph Group in a research note on Tuesday. They issued a "hold" rating on the stock. JPMorgan Chase & Co. upgraded Triumph Group from an "underweight" rating to a "neutral" rating and upped their target price for the stock from $17.00 to $26.00 in a research note on Tuesday, April 15th. Barclays downgraded Triumph Group from an "overweight" rating to an "equal weight" rating and raised their target price for the company from $21.00 to $26.00 in a report on Thursday, February 6th. Finally, Wolfe Research cut Triumph Group from an "outperform" rating to a "peer perform" rating in a report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating and ten have assigned a hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price 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.