Assenagon Asset Management S.A. Buys 189,161 Shares of Triumph Group, Inc. (NYSE:TGI)

Assenagon Asset Management S.A. grew its holdings in shares of Triumph Group, Inc. (NYSE:TGI - Free Report) by 120.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 346,405 shares of the aerospace company's stock after purchasing an additional 189,161 shares during the period. Assenagon Asset Management S.A. owned approximately 0.45% of Triumph Group worth $5,743,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of TGI. Graham Capital Management L.P. lifted its position in Triumph Group by 122.3% in the third quarter. Graham Capital Management L.P. now owns 136,580 shares of the aerospace company's stock worth $1,046,000 after purchasing an additional 75,147 shares during the period. Citigroup Inc. lifted its holdings in shares of Triumph Group by 46.0% in the third quarter. Citigroup Inc. now owns 130,055 shares of the aerospace company's stock valued at $996,000 after buying an additional 40,982 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Triumph Group by 17.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 583,763 shares of the aerospace company's stock valued at $4,472,000 after buying an additional 87,248 shares in the last quarter. tru Independence LLC grew its holdings in Triumph Group by 69.7% during the third quarter. tru Independence LLC now owns 506,425 shares of the aerospace company's stock worth $3,879,000 after acquiring an additional 208,067 shares during the period. Finally, Rock Point Advisors LLC raised its position in Triumph Group by 32.4% in the third quarter. Rock Point Advisors LLC now owns 737,796 shares of the aerospace company's stock worth $5,652,000 after acquiring an additional 180,725 shares in the last quarter. 94.53% of the stock is currently owned by institutional investors.

Insider Activity at Triumph Group

In other news, Director Neal J. Keating purchased 7,200 shares of the business's stock in a transaction dated Friday, February 9th. The stock was bought at an average cost of $14.53 per share, with a total value of $104,616.00. Following the purchase, the director now directly owns 58,987 shares of the company's stock, valued at $857,081.11. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 2.40% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TGI. Bank of America raised shares of Triumph Group from an "underperform" rating to a "buy" rating and lifted their price objective for the stock from $9.00 to $21.00 in a research note on Thursday, January 25th. Robert W. Baird raised Triumph Group from a "neutral" rating to an "outperform" rating and raised their price objective for the stock from $13.00 to $20.00 in a research note on Tuesday, January 16th. Barclays raised Triumph Group from an "equal weight" rating to an "overweight" rating and set a $20.00 target price on the stock in a research report on Friday, January 5th. Wolfe Research raised Triumph Group from a "peer perform" rating to an "outperform" rating and set a $18.00 price target on the stock in a research note on Thursday. Finally, The Goldman Sachs Group assumed coverage on shares of Triumph Group in a report on Wednesday, March 20th. They issued a "buy" rating and a $18.00 target price for the company. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, Triumph Group currently has an average rating of "Moderate Buy" and a consensus target price of $18.88.

Triumph Group Stock Performance

Shares of NYSE TGI traded down $0.39 during mid-day trading on Monday, reaching $14.65. The company had a trading volume of 400,510 shares, compared to its average volume of 861,490. The stock has a fifty day moving average of $14.75 and a two-hundred day moving average of $12.19. Triumph Group, Inc. has a 12-month low of $7.00 and a 12-month high of $17.27. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of -21.59 and a beta of 2.58.

Triumph Group (NYSE:TGI - Get Free Report) last released its earnings results on Wednesday, February 7th. The aerospace company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.14 by ($0.30). Triumph Group had a negative return on equity of 2.15% and a negative net margin of 3.49%. The company had revenue of $285.00 million during the quarter, compared to analysts' expectations of $367.96 million. During the same quarter in the previous year, the company earned $0.12 EPS. The firm's quarterly revenue was up 8.9% compared to the same quarter last year. Sell-side analysts forecast that Triumph Group, Inc. will post -0.43 earnings per share for the current fiscal year.

Triumph Group Profile

Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls, and distributes aerostructures, 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, exhaust nozzles and ducting, 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.