Triumph Group, Inc. (NYSE:TGI) Position Lessened by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD trimmed its position in shares of Triumph Group, Inc. (NYSE:TGI - Free Report) by 39.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 90,844 shares of the aerospace company's stock after selling 59,729 shares during the period. Price T Rowe Associates Inc. MD owned about 0.12% of Triumph Group worth $1,696,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. boosted its holdings in shares of Triumph Group by 124.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,318,285 shares of the aerospace company's stock valued at $43,259,000 after buying an additional 1,286,568 shares in the last quarter. Fisher Asset Management LLC raised its holdings in Triumph Group by 17.9% in the 4th quarter. Fisher Asset Management LLC now owns 1,829,860 shares of the aerospace company's stock valued at $34,145,000 after acquiring an additional 277,333 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of Triumph Group by 59.6% during the 4th quarter. First Trust Advisors LP now owns 1,702,245 shares of the aerospace company's stock worth $31,764,000 after buying an additional 635,568 shares during the last quarter. American Century Companies Inc. purchased a new stake in Triumph Group during the fourth quarter worth about $30,845,000. Finally, Norges Bank acquired a new stake in Triumph Group in the fourth quarter valued at approximately $15,945,000. Institutional investors own 94.53% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. StockNews.com started coverage on shares of Triumph Group in a report on Monday. They issued a "hold" rating on the stock. Truist Financial upped their target price on shares of Triumph Group from $19.00 to $26.00 and gave the stock a "hold" rating in a research report on Tuesday, February 4th. Wolfe Research cut shares of Triumph Group from an "outperform" rating to a "peer perform" rating in a research report on Monday, February 10th. Robert W. Baird restated a "neutral" rating and set a $26.00 price target (up from $20.00) on shares of Triumph Group in a report on Tuesday, February 4th. Finally, Baird R W cut shares of Triumph Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 4th. One analyst has rated the stock with a sell rating and ten have assigned a hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $20.63.

Triumph Group Stock Performance

Shares of NYSE TGI traded up $0.04 during midday trading on Tuesday, reaching $25.65. 887,565 shares of the stock were exchanged, compared to its average volume of 1,233,158. The stock has a market capitalization of $1.99 billion, a P/E ratio of 3.56 and a beta of 2.34. Triumph Group, Inc. has a twelve month low of $11.01 and a twelve month high of $25.69. The company has a 50 day simple moving average of $25.23 and a 200 day simple moving average of $21.75.

Triumph Group (NYSE:TGI - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The aerospace company reported $0.27 earnings per share for the quarter, topping analysts' consensus estimates of $0.24 by $0.03. Triumph Group had a net margin of 45.08% and a negative return on equity of 55.18%. On average, research analysts expect that Triumph Group, Inc. will post 0.68 earnings per share for the current year.

Insiders Place Their Bets

In related news, CAO Jennifer H. Allen sold 35,000 shares of the firm's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $25.32, for a total transaction of $886,200.00. Following the transaction, the chief accounting officer now directly owns 51,696 shares in the company, valued at $1,308,942.72. This trade represents a 40.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.31% of the stock is currently owned by insiders.

Triumph Group Profile

Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls, and distributes aircraft, 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, cyber protected process controllers, 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.