Triumph Group, Inc. (NYSE:TGI) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund cut its holdings in Triumph Group, Inc. (NYSE:TGI - Free Report) by 20.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 646,446 shares of the aerospace company's stock after selling 161,596 shares during the quarter. New York State Common Retirement Fund owned about 0.84% of Triumph Group worth $10,718,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TGI. Signaturefd LLC raised its stake in shares of Triumph Group by 298.4% in the fourth quarter. Signaturefd LLC now owns 2,506 shares of the aerospace company's stock worth $42,000 after purchasing an additional 1,877 shares during the last quarter. International Assets Investment Management LLC raised its stake in shares of Triumph Group by 1,558.0% in the fourth quarter. International Assets Investment Management LLC now owns 4,974 shares of the aerospace company's stock worth $82,000 after purchasing an additional 4,674 shares during the last quarter. Fifth Third Bancorp raised its stake in shares of Triumph Group by 1,980.2% in the third quarter. Fifth Third Bancorp now owns 6,303 shares of the aerospace company's stock worth $48,000 after purchasing an additional 6,000 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Triumph Group by 11.6% in the third quarter. Victory Capital Management Inc. now owns 12,351 shares of the aerospace company's stock worth $95,000 after purchasing an additional 1,285 shares during the last quarter. Finally, Sherbrooke Park Advisers LLC purchased a new position in shares of Triumph Group in the third quarter worth about $97,000. 94.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Triumph Group

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

Triumph Group Stock Down 0.9 %

NYSE:TGI traded down $0.12 on Wednesday, reaching $13.24. The company's stock had a trading volume of 523,099 shares, compared to its average volume of 775,015. Triumph Group, Inc. has a 12-month low of $7.00 and a 12-month high of $17.27. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of -19.53, a price-to-earnings-growth ratio of 7.77 and a beta of 2.58. The stock has a 50 day moving average price of $14.02 and a 200 day moving average price of $13.12.

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

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Robert W. Baird upgraded 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 upgraded Triumph Group from an "equal weight" rating to an "overweight" rating and set a $20.00 price target for the company in a research report on Friday, January 5th. Wolfe Research upgraded Triumph Group from a "peer perform" rating to an "outperform" rating and set a $18.00 price target for the company in a research report on Thursday, March 28th. Truist Financial lifted their price target on Triumph Group from $17.00 to $27.00 and gave the company a "buy" rating in a research report on Wednesday, January 10th. Finally, JPMorgan Chase & Co. upgraded Triumph Group from an "underweight" rating to a "neutral" rating and lifted their price target for the company from $13.00 to $17.00 in a research report on Monday, April 15th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $19.63.

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.