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

Price T Rowe Associates Inc. MD cut its stake in shares of Triumph Group, Inc. (NYSE:TGI - Free Report) by 39.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 90,844 shares of the aerospace company's stock after selling 59,729 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.12% of Triumph Group worth $1,696,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Sterling Capital Management LLC grew its stake in Triumph Group by 804.2% in the 4th quarter. Sterling Capital Management LLC now owns 2,351 shares of the aerospace company's stock valued at $44,000 after acquiring an additional 2,091 shares during the last quarter. Capula Management Ltd acquired a new stake in Triumph Group in the 4th quarter valued at about $297,000. Cornerstone Wealth Management LLC grew its stake in Triumph Group by 3.8% in the 4th quarter. Cornerstone Wealth Management LLC now owns 15,964 shares of the aerospace company's stock valued at $298,000 after acquiring an additional 580 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Triumph Group in the 4th quarter valued at about $310,000. Finally, Jump Financial LLC purchased a new position in Triumph Group in the 4th quarter valued at about $430,000. 94.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TGI has been the topic of several analyst reports. Barclays cut Triumph Group from an "overweight" rating to an "equal weight" rating and raised their price objective for the stock from $21.00 to $26.00 in a report on Thursday, February 6th. Truist Financial increased their price objective on shares of Triumph Group from $19.00 to $26.00 and gave the stock a "hold" rating in a report on Tuesday, February 4th. Robert W. Baird reiterated a "neutral" rating and set a $26.00 price objective (up from $20.00) on shares of Triumph Group in a report on Tuesday, February 4th. Wolfe Research lowered shares of Triumph Group from an "outperform" rating to a "peer perform" rating in a report on Monday, February 10th. Finally, StockNews.com assumed coverage on shares of Triumph Group in a report on Monday. They set a "hold" rating on the stock. One analyst has rated the stock with a sell rating and ten have assigned a hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $20.63.

Triumph Group Stock Down 0.0%

Shares of TGI traded down $0.01 during mid-day trading on Wednesday, reaching $25.65. 129,098 shares of the stock traded hands, compared to its average volume of 1,230,874. The firm has a market cap of $1.99 billion, a price-to-earnings ratio of 3.56 and a beta of 2.34. The stock has a fifty day simple moving average of $25.24 and a 200 day simple moving average of $21.78. Triumph Group, Inc. has a 12-month low of $11.01 and a 12-month high of $25.89.

Triumph Group (NYSE:TGI - Get Free Report) last issued its quarterly earnings results on Monday, February 10th. The aerospace company reported $0.27 earnings per share (EPS) 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, equities research analysts expect that Triumph Group, Inc. will post 0.68 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Triumph Group news, CAO Jennifer H. Allen sold 35,000 shares of Triumph Group stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $25.32, for a total value of $886,200.00. Following the completion of the transaction, the chief accounting officer now owns 51,696 shares of the company's stock, valued at $1,308,942.72. The trade was a 40.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 2.31% of the company's stock.

About Triumph Group

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.