Two Sigma Advisers LP Sells 23,000 Shares of Triumph Group, Inc. (NYSE:TGI)

Two Sigma Advisers LP lessened its holdings in shares of Triumph Group, Inc. (NYSE:TGI - Free Report) by 10.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 193,200 shares of the aerospace company's stock after selling 23,000 shares during the period. Two Sigma Advisers LP owned 0.25% of Triumph Group worth $3,605,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of TGI. Barclays PLC boosted 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. bought a new position in Triumph Group in the 4th quarter worth about $1,095,000. American Century Companies Inc. bought a new position in Triumph Group in the 4th quarter worth about $30,845,000. Principal Financial Group Inc. boosted its stake in Triumph Group by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 374,896 shares of the aerospace company's stock worth $6,996,000 after purchasing an additional 10,629 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its stake in Triumph Group by 17.9% in the 4th 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 in the last quarter. Institutional investors own 94.53% of the company's stock.

Insider Activity at Triumph Group

In other Triumph Group news, CAO Jennifer H. Allen sold 35,000 shares of Triumph Group stock in a transaction 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 transaction, the chief accounting officer now directly owns 51,696 shares of the company's stock, valued at $1,308,942.72. The trade was a 40.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.31% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TGI. Barclays cut shares of Triumph Group from an "overweight" rating to an "equal weight" rating and upped their price target for the stock from $21.00 to $26.00 in a research note on Thursday, February 6th. Robert W. Baird restated a "neutral" rating and set a $26.00 target price (up previously from $20.00) on shares of Triumph Group in a research note on Tuesday, February 4th. Wolfe Research cut shares of Triumph Group from an "outperform" rating to a "peer perform" rating in a research note on Monday, February 10th. Baird R W cut shares of Triumph Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Finally, Wall Street Zen began coverage on shares of Triumph Group in a research note on Tuesday, May 20th. They set a "hold" rating on the stock. One analyst has rated the stock with a sell rating and ten have given a hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $20.63.

Triumph Group Trading Down 0.1%

NYSE TGI traded down $0.03 on Friday, reaching $25.78. 848,488 shares of the stock were exchanged, compared to its average volume of 1,216,086. Triumph Group, Inc. has a one year low of $11.01 and a one year high of $25.86. The company's 50-day simple moving average is $25.32 and its two-hundred day simple moving average is $22.71. The firm has a market capitalization of $2.00 billion, a PE ratio of 3.58 and a beta of 2.34.

Triumph Group (NYSE:TGI - Get Free Report) last announced its quarterly earnings data on Wednesday, May 28th. The aerospace company reported $0.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 business had revenue of $377.90 million during the quarter, compared to analyst estimates of $334.04 million. During the same period last year, the firm posted $0.31 EPS. The company's revenue was up 5.4% on a year-over-year basis. Sell-side analysts forecast that Triumph Group, Inc. will post 0.68 earnings per share for the current fiscal year.

About Triumph Group

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.