Northern Trust Corp Raises Holdings in Triumph Group, Inc. (NYSE:TGI)

Northern Trust Corp lifted its position in Triumph Group, Inc. (NYSE:TGI - Free Report) by 9.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 789,407 shares of the aerospace company's stock after purchasing an additional 67,204 shares during the quarter. Northern Trust Corp owned approximately 1.02% of Triumph Group worth $14,730,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Barclays PLC lifted its holdings in shares of Triumph Group by 155.8% in the third quarter. Barclays PLC now owns 148,530 shares of the aerospace company's stock valued at $1,915,000 after purchasing an additional 90,456 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Triumph Group by 1,207.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 538,904 shares of the aerospace company's stock valued at $6,946,000 after purchasing an additional 497,684 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Triumph Group by 124.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,318,285 shares of the aerospace company's stock valued at $43,259,000 after acquiring an additional 1,286,568 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Triumph Group by 18,544.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 256,554 shares of the aerospace company's stock valued at $4,787,000 after acquiring an additional 255,178 shares during the last quarter. Finally, 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 acquiring an additional 580 shares during the last quarter. 94.53% of the stock is owned by institutional investors and hedge funds.

Triumph Group Price Performance

Triumph Group stock opened at $25.66 on Friday. The business has a 50 day simple moving average of $25.25 and a 200 day simple moving average of $21.88. The company has a market capitalization of $1.99 billion, a PE ratio of 3.56 and a beta of 2.34. Triumph Group, Inc. has a one year low of $11.01 and a one year high of $25.74.

Triumph Group (NYSE:TGI - Get Free Report) last released 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%. Equities analysts anticipate that Triumph Group, Inc. will post 0.68 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TGI. Wolfe Research lowered Triumph Group from an "outperform" rating to a "peer perform" rating in a research report on Monday, February 10th. JPMorgan Chase & Co. raised 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. Baird R W lowered Triumph Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Truist Financial upped their target price on Triumph Group from $19.00 to $26.00 and gave the stock a "hold" rating in a research report on Tuesday, February 4th. Finally, StockNews.com started coverage on Triumph Group in a report on Monday. They set a "hold" rating on the stock. One research analyst has rated the stock with a sell rating and ten have assigned a hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $20.63.

Insider Transactions at Triumph Group

In other news, CAO Jennifer H. Allen sold 35,000 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $25.32, for a total value of $886,200.00. Following 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.31% of the stock is owned by insiders.

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.

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