Two Sigma Investments LP Sells 37,022 Shares of Triumph Group, Inc. (NYSE:TGI)

Two Sigma Investments LP cut its holdings in shares of Triumph Group, Inc. (NYSE:TGI - Free Report) by 26.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 103,243 shares of the aerospace company's stock after selling 37,022 shares during the period. Two Sigma Investments LP owned about 0.13% of Triumph Group worth $1,927,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TGI. Barclays PLC lifted its position in shares of 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 during the period. Principal Financial Group Inc. lifted its position in shares of 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 during the period. Illinois Municipal Retirement Fund acquired a new position in shares of Triumph Group in the 4th quarter worth approximately $788,000. Fisher Asset Management LLC lifted its position in shares of 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 during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Triumph Group by 3.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 701,997 shares of the aerospace company's stock worth $13,099,000 after purchasing an additional 22,004 shares during the period. Institutional investors and hedge funds own 94.53% of the company's stock.

Insider Buying and Selling at Triumph Group

In other news, CAO Jennifer H. Allen sold 35,000 shares of the company's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $25.32, for a total value of $886,200.00. Following the completion of the sale, the chief accounting officer now owns 51,696 shares in the company, valued at $1,308,942.72. This represents a 40.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.31% of the stock is currently owned by company insiders.

Triumph Group Stock Up 0.2%

TGI stock traded up $0.04 during midday trading on Thursday, reaching $25.88. 1,970,450 shares of the company's stock traded hands, compared to its average volume of 1,219,634. The company has a market cap of $2.00 billion, a price-to-earnings ratio of 3.59 and a beta of 2.34. The firm's fifty day moving average price is $25.35 and its 200-day moving average price is $22.89. Triumph Group, Inc. has a 52 week low of $11.01 and a 52 week high of $25.89.

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TGI. Wolfe Research downgraded shares of Triumph Group from an "outperform" rating to a "peer perform" rating in a research report on Monday, February 10th. Barclays lowered shares of Triumph Group from an "overweight" rating to an "equal weight" rating and lifted their price objective for the company from $21.00 to $26.00 in a research note on Thursday, February 6th. JPMorgan Chase & Co. upgraded shares of Triumph Group from an "underweight" rating to a "neutral" rating and lifted their price objective for the company from $17.00 to $26.00 in a research note on Tuesday, April 15th. Finally, Wall Street Zen assumed coverage on shares of Triumph Group in a research note on Tuesday, May 20th. They issued a "hold" rating for the company. One investment analyst has rated the stock with a sell rating and ten have issued a hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target 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.