Triumph Group, Inc. (NYSE:TGI) Stock Position Reduced by Q Global Advisors LLC

Q Global Advisors LLC lessened its position in shares of Triumph Group, Inc. (NYSE:TGI - Free Report) by 69.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 334,453 shares of the aerospace company's stock after selling 765,547 shares during the quarter. Triumph Group comprises approximately 4.2% of Q Global Advisors LLC's portfolio, making the stock its 6th largest position. Q Global Advisors LLC owned about 0.44% of Triumph Group worth $5,545,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Triumph Group by 20.1% in the 3rd quarter. Vanguard Group Inc. now owns 6,910,979 shares of the aerospace company's stock valued at $52,938,000 after purchasing an additional 1,155,919 shares during the last quarter. Norges Bank acquired a new position in shares of Triumph Group in the fourth quarter worth $12,720,000. Maple Rock Capital Partners Inc. grew its stake in shares of Triumph Group by 29.5% in the third quarter. Maple Rock Capital Partners Inc. now owns 2,667,178 shares of the aerospace company's stock worth $20,431,000 after acquiring an additional 606,989 shares in the last quarter. Hsbc Holdings PLC grew its stake in shares of Triumph Group by 410.6% in the third quarter. Hsbc Holdings PLC now owns 679,805 shares of the aerospace company's stock worth $5,255,000 after acquiring an additional 546,664 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of Triumph Group by 182.0% in the fourth quarter. BNP Paribas Financial Markets now owns 465,334 shares of the aerospace company's stock worth $7,715,000 after acquiring an additional 300,295 shares in the last quarter. Hedge funds and other institutional investors own 94.53% of the company's stock.

Insider Activity

In other Triumph Group news, Director Neal J. Keating bought 7,200 shares of Triumph Group stock in a transaction dated Friday, February 9th. The stock was acquired at an average cost of $14.53 per share, with a total value of $104,616.00. Following the completion of the acquisition, the director now owns 58,987 shares of the company's stock, valued at $857,081.11. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 2.40% of the company's stock.

Triumph Group Stock Up 1.8 %

TGI traded up $0.24 on Friday, reaching $13.66. The company had a trading volume of 403,350 shares, compared to its average volume of 504,816. Triumph Group, Inc. has a 1 year low of $7.00 and a 1 year high of $17.27. The stock has a market capitalization of $1.05 billion, a PE ratio of -20.09, a P/E/G ratio of 7.44 and a beta of 2.58. The stock has a 50-day moving average price of $14.06 and a 200-day moving average price of $12.99.

Triumph Group (NYSE:TGI - Get Free Report) last announced its quarterly earnings results on Wednesday, February 7th. The aerospace company reported ($0.16) earnings per share 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 company had revenue of $285.00 million during the quarter, compared to analysts' expectations of $367.96 million. During the same period last year, the firm earned $0.12 earnings per share. Triumph Group's revenue was up 8.9% on a year-over-year basis. As a group, analysts expect that Triumph Group, Inc. will post -0.43 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Robert W. Baird upgraded shares of Triumph Group from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $13.00 to $20.00 in a research note on Tuesday, January 16th. Truist Financial boosted their price target on shares of Triumph Group from $17.00 to $27.00 and gave the stock a "buy" rating in a research note on Wednesday, January 10th. Wolfe Research upgraded shares of Triumph Group from a "peer perform" rating to an "outperform" rating and set a $18.00 target price for the company in a research note on Thursday, March 28th. Bank of America upgraded shares of Triumph Group from an "underperform" rating to a "buy" rating and boosted their target price for the stock from $9.00 to $21.00 in a research note on Thursday, January 25th. Finally, JPMorgan Chase & Co. upgraded shares of Triumph Group from an "underweight" rating to a "neutral" rating and boosted their target price for the stock from $13.00 to $17.00 in a research note on Monday, April 15th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $19.63.

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.