23,051 Shares in Triumph Group, Inc. (NYSE:TGI) Bought by Jump Financial LLC

Jump Financial LLC acquired a new position in shares of Triumph Group, Inc. (NYSE:TGI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 23,051 shares of the aerospace company's stock, valued at approximately $430,000.

A number of other large investors also recently bought and sold shares of TGI. Sterling Capital Management LLC increased its holdings in shares of Triumph Group by 804.2% in the 4th quarter. Sterling Capital Management LLC now owns 2,351 shares of the aerospace company's stock valued at $44,000 after purchasing an additional 2,091 shares in the last quarter. Capula Management Ltd purchased a new position in shares of Triumph Group in the 4th quarter valued at about $297,000. Cornerstone Wealth Management LLC increased its holdings in shares of Triumph Group by 3.8% in the 4th quarter. Cornerstone Wealth Management LLC now owns 15,964 shares of the aerospace company's stock valued at $298,000 after purchasing an additional 580 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of Triumph Group in the 4th quarter valued at about $310,000. Finally, Amundi increased its holdings in shares of 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 purchasing an additional 23,466 shares in the last quarter. Hedge funds and other institutional investors own 94.53% of the company's stock.

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 transaction, the chief accounting officer now owns 51,696 shares of the company's stock, valued at $1,308,942.72. This represents a 40.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 2.31% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TGI. Robert W. Baird reiterated a "neutral" rating and issued a $26.00 price target (up previously from $20.00) on shares of Triumph Group in a report on Tuesday, February 4th. Baird R W downgraded shares of Triumph Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 4th. JPMorgan Chase & Co. upgraded shares of Triumph Group from an "underweight" rating to a "neutral" rating and increased their price target for the company from $17.00 to $26.00 in a report on Tuesday, April 15th. Wolfe Research downgraded shares of Triumph Group from an "outperform" rating to a "peer perform" rating in a report on Monday, February 10th. Finally, Truist Financial raised their target price on shares of Triumph Group from $19.00 to $26.00 and gave the company a "hold" rating in a report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating and ten have assigned a hold rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $20.63.

Triumph Group Stock Down 0.2 %

Shares of NYSE:TGI traded down $0.05 during trading on Wednesday, reaching $25.40. The stock had a trading volume of 822,444 shares, compared to its average volume of 1,229,511. Triumph Group, Inc. has a fifty-two week low of $11.01 and a fifty-two week high of $25.55. The business has a fifty day moving average price of $25.19 and a 200-day moving average price of $21.07. The stock has a market cap of $1.97 billion, a P/E ratio of 3.53 and a beta of 2.13.

Triumph Group (NYSE:TGI - Get Free Report) last issued its quarterly 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%. As a group, equities analysts forecast that Triumph Group, Inc. will post 0.68 EPS for the current year.

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.