Fuller & Thaler Asset Management Inc. Acquires New Position in Triumph Group, Inc. (NYSE:TGI)

Fuller & Thaler Asset Management Inc. bought a new stake in Triumph Group, Inc. (NYSE:TGI - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 28,090 shares of the aerospace company's stock, valued at approximately $524,000.

Other hedge funds have also made changes to their positions in the company. American Century Companies Inc. acquired a new position in shares of Triumph Group during the 4th quarter worth about $30,845,000. Assenagon Asset Management S.A. lifted its position in shares of Triumph Group by 124.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,318,285 shares of the aerospace company's stock worth $43,259,000 after buying an additional 1,286,568 shares during the last quarter. Norges Bank purchased a new position in shares of Triumph Group in the 4th quarter valued at $15,945,000. First Trust Advisors LP raised its stake in Triumph Group by 59.6% during the 4th quarter. First Trust Advisors LP now owns 1,702,245 shares of the aerospace company's stock worth $31,764,000 after acquiring an additional 635,568 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Triumph Group by 1,207.4% in the third quarter. JPMorgan Chase & Co. now owns 538,904 shares of the aerospace company's stock valued at $6,946,000 after acquiring an additional 497,684 shares during the last quarter. Institutional investors and hedge funds own 94.53% of the company's stock.

Triumph Group Price Performance

Triumph Group stock traded up $0.11 during mid-day trading on Thursday, reaching $25.51. The company had a trading volume of 1,118,672 shares, compared to its average volume of 1,921,598. The stock's 50-day simple moving average is $25.19 and its 200-day simple moving average is $21.07. Triumph Group, Inc. has a 1 year low of $11.01 and a 1 year high of $25.55. The company has a market capitalization of $1.97 billion, a P/E ratio of 3.54 and a beta of 2.13.

Triumph Group (NYSE:TGI - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The aerospace company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.03. Triumph Group had a negative return on equity of 55.18% and a net margin of 45.08%. On average, equities analysts forecast that Triumph Group, Inc. will post 0.68 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Baird R W downgraded Triumph Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 4th. Robert W. Baird reissued a "neutral" rating and issued a $26.00 price objective (up from $20.00) on shares of Triumph Group in a report on Tuesday, February 4th. StockNews.com assumed coverage on shares of Triumph Group in a research report on Saturday, April 26th. They issued a "hold" rating for the company. Truist Financial raised their price objective on shares of Triumph Group from $19.00 to $26.00 and gave the stock a "hold" rating in a research report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. raised shares of Triumph Group from an "underweight" rating to a "neutral" rating and upped their target price for the company from $17.00 to $26.00 in a report on Tuesday, April 15th. One research 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 company has a consensus rating of "Hold" and a consensus price target of $20.63.

Insiders Place Their Bets

In other Triumph Group news, CAO Jennifer H. Allen sold 35,000 shares of the 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 approximately $1,308,942.72. This represents a 40.37 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.31% of the stock is currently owned by company insiders.

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.