Invesco Ltd. Boosts Stock Position in Triumph Group, Inc. (NYSE:TGI)

Invesco Ltd. lifted its holdings in shares of Triumph Group, Inc. (NYSE:TGI - Free Report) by 4.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 838,571 shares of the aerospace company's stock after acquiring an additional 37,253 shares during the period. Invesco Ltd. owned 1.08% of Triumph Group worth $15,648,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of TGI. Cornerstone Wealth Management LLC grew its position in Triumph Group by 3.8% during the 4th quarter. Cornerstone Wealth Management LLC now owns 15,964 shares of the aerospace company's stock worth $298,000 after purchasing an additional 580 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of Triumph Group during the fourth quarter worth about $310,000. Amundi increased its position in Triumph Group by 168.3% in the 4th quarter. Amundi now owns 37,407 shares of the aerospace company's stock valued at $697,000 after acquiring an additional 23,466 shares during the period. Illinois Municipal Retirement Fund purchased a new stake in Triumph Group during the 4th quarter valued at approximately $788,000. Finally, Old West Investment Management LLC lifted its position in Triumph Group by 5.9% during the 4th quarter. Old West Investment Management LLC now owns 44,942 shares of the aerospace company's stock worth $839,000 after acquiring an additional 2,516 shares during the period. 94.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TGI has been the subject of several analyst reports. Truist Financial upped their price target on Triumph Group from $19.00 to $26.00 and gave the stock a "hold" rating in a research note on Tuesday, February 4th. Robert W. Baird restated a "neutral" rating and set a $26.00 price objective (up previously from $20.00) on shares of Triumph Group in a research report on Tuesday, February 4th. Barclays downgraded shares of Triumph Group from an "overweight" rating to an "equal weight" rating and lifted their target price for the company from $21.00 to $26.00 in a report on Thursday, February 6th. Wolfe Research downgraded shares of Triumph Group from an "outperform" rating to a "peer perform" rating in a research report on Monday, February 10th. Finally, StockNews.com assumed coverage on Triumph Group in a report on Friday, April 18th. They issued a "hold" rating on the stock. One research analyst has rated the stock with a sell rating and ten have issued a hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $20.63.

Triumph Group Stock Down 0.2 %

Shares of TGI traded down $0.05 on Friday, reaching $25.21. The stock had a trading volume of 434,900 shares, compared to its average volume of 1,211,958. Triumph Group, Inc. has a twelve month low of $11.01 and a twelve month high of $25.55. The firm has a market capitalization of $1.95 billion, a PE ratio of 3.50 and a beta of 2.13. The firm has a 50-day moving average of $25.18 and a 200 day moving average of $20.73.

Triumph Group (NYSE:TGI - Get Free Report) last posted its earnings results on Monday, February 10th. The aerospace company reported $0.27 earnings per share for the quarter, beating 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, sell-side analysts anticipate that Triumph Group, Inc. will post 0.68 earnings per share for the current fiscal year.

Insider Buying and Selling at Triumph Group

In other 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 value of $886,200.00. Following the sale, the chief accounting officer now directly owns 51,696 shares in the company, valued at $1,308,942.72. This represents a 40.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.31% of the stock is currently owned by insiders.

Triumph Group Company 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.