SG Americas Securities LLC Trims Stake in Triumph Group, Inc. (NYSE:TGI)

SG Americas Securities LLC lowered its stake in Triumph Group, Inc. (NYSE:TGI - Free Report) by 68.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 46,429 shares of the aerospace company's stock after selling 99,650 shares during the period. SG Americas Securities LLC owned approximately 0.06% of Triumph Group worth $770,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in TGI. BlackRock Inc. increased its stake in Triumph Group by 3.0% during the second quarter. BlackRock Inc. now owns 11,532,977 shares of the aerospace company's stock valued at $142,663,000 after acquiring an additional 339,502 shares during the period. Price T Rowe Associates Inc. MD grew its position in Triumph Group by 0.6% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 8,763,138 shares of the aerospace company's stock worth $116,462,000 after acquiring an additional 52,167 shares during the last quarter. Vanguard Group Inc. grew its position in Triumph Group by 20.1% during the 3rd quarter. Vanguard Group Inc. now owns 6,910,979 shares of the aerospace company's stock worth $52,938,000 after acquiring an additional 1,155,919 shares during the last quarter. State Street Corp grew its position in Triumph Group by 23.6% during the 1st quarter. State Street Corp now owns 4,936,932 shares of the aerospace company's stock worth $57,219,000 after acquiring an additional 943,658 shares during the last quarter. Finally, Morgan Stanley grew its position in Triumph Group by 31.6% during the 3rd quarter. Morgan Stanley now owns 2,948,256 shares of the aerospace company's stock worth $22,584,000 after acquiring an additional 707,570 shares during the last quarter. Institutional investors and hedge funds own 94.53% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Bank of America upgraded Triumph Group from an "underperform" rating to a "buy" rating and increased their price target for the stock from $9.00 to $21.00 in a research report on Thursday, January 25th. Truist Financial upped their price objective on Triumph Group from $17.00 to $27.00 and gave the stock a "buy" rating in a report on Wednesday, January 10th. The Goldman Sachs Group initiated coverage on Triumph Group in a report on Wednesday, March 20th. They set a "buy" rating and a $18.00 price objective on the stock. Robert W. Baird raised Triumph Group from a "neutral" rating to an "outperform" rating and upped their price objective for the stock from $13.00 to $20.00 in a report on Tuesday, January 16th. Finally, Barclays raised Triumph Group from an "equal weight" rating to an "overweight" rating and set a $20.00 price objective on the stock in a report on Friday, January 5th. One 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. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $18.88.

Triumph Group Stock Performance

Shares of TGI stock traded up $0.09 during trading hours on Wednesday, reaching $14.48. The company had a trading volume of 356,256 shares, compared to its average volume of 847,202. Triumph Group, Inc. has a 1-year low of $7.00 and a 1-year high of $17.27. The company has a 50 day moving average of $14.70 and a 200 day moving average of $12.27.

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

Insider Activity at Triumph Group

In other news, Director Neal J. Keating acquired 7,200 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was acquired at an average price of $14.53 per share, for a total transaction of $104,616.00. Following the transaction, the director now directly owns 58,987 shares in the company, valued at $857,081.11. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.40% of the stock is owned by corporate insiders.

About Triumph Group

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.