Triumph Group, Inc. (NYSE:TGI) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. grew its stake in shares of Triumph Group, Inc. (NYSE:TGI - Free Report) by 20.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,910,979 shares of the aerospace company's stock after acquiring an additional 1,155,919 shares during the quarter. Vanguard Group Inc. owned about 8.99% of Triumph Group worth $52,938,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of TGI. UBS Group AG increased its holdings in shares of Triumph Group by 112.9% during the third quarter. UBS Group AG now owns 3,202 shares of the aerospace company's stock valued at $27,000 after acquiring an additional 1,698 shares in the last quarter. Fifth Third Bancorp boosted its position in Triumph Group by 1,980.2% in the third quarter. Fifth Third Bancorp now owns 6,303 shares of the aerospace company's stock valued at $48,000 after buying an additional 6,000 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in Triumph Group in the second quarter valued at approximately $53,000. Captrust Financial Advisors boosted its position in Triumph Group by 141.0% in the first quarter. Captrust Financial Advisors now owns 2,902 shares of the aerospace company's stock valued at $73,000 after buying an additional 1,698 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in Triumph Group by 11.6% in the third quarter. Victory Capital Management Inc. now owns 12,351 shares of the aerospace company's stock valued at $95,000 after buying an additional 1,285 shares during the last quarter. Institutional investors and hedge funds own 94.53% of the company's stock.

Insider Activity

In other Triumph Group news, Director Neal J. Keating bought 7,200 shares of the firm's stock in a transaction dated Friday, February 9th. The shares were purchased 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 of the company's stock, valued at approximately $857,081.11. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.40% of the company's stock.

Triumph Group Trading Down 0.3 %

Shares of NYSE:TGI traded down $0.04 during midday trading on Tuesday, reaching $14.15. 432,514 shares of the company's stock traded hands, compared to its average volume of 823,928. Triumph Group, Inc. has a 1 year low of $7.00 and a 1 year high of $17.27. The company has a fifty day simple moving average of $14.60 and a two-hundred day simple moving average of $12.45.

Triumph Group (NYSE:TGI - Get Free Report) last announced 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 net margin of 3.49% and a negative return on equity of 2.15%. The business had revenue of $285.00 million for the quarter, compared to analysts' expectations of $367.96 million. During the same quarter last year, the business earned $0.12 EPS. The company's quarterly revenue was up 8.9% on a year-over-year basis. On average, equities research analysts forecast that Triumph Group, Inc. will post -0.43 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Robert W. Baird upgraded Triumph Group from a "neutral" rating to an "outperform" rating and upped their target price for the company from $13.00 to $20.00 in a research report on Tuesday, January 16th. Barclays upgraded 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. Bank of America upgraded Triumph Group from an "underperform" rating to a "buy" rating and upped their price objective for the stock from $9.00 to $21.00 in a research report on Thursday, January 25th. Wolfe Research upgraded Triumph Group from a "peer perform" rating to an "outperform" rating and set a $18.00 price objective on the stock in a research report on Thursday, March 28th. Finally, Truist Financial upped their price objective on Triumph Group from $17.00 to $27.00 and gave the stock a "buy" rating in a research report on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $18.88.

Triumph Group Company 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.