Raymond James Financial Inc. Acquires Shares of 58,703 Triumph Group, Inc. (NYSE:TGI)

Raymond James Financial Inc. bought a new stake in Triumph Group, Inc. (NYSE:TGI - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 58,703 shares of the aerospace company's stock, valued at approximately $1,095,000. Raymond James Financial Inc. owned 0.08% of Triumph Group as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Barclays PLC increased its stake in shares of Triumph Group by 155.8% in the 3rd quarter. Barclays PLC now owns 148,530 shares of the aerospace company's stock worth $1,915,000 after purchasing an additional 90,456 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Triumph Group by 1,207.4% in the third quarter. JPMorgan Chase & Co. now owns 538,904 shares of the aerospace company's stock worth $6,946,000 after buying an additional 497,684 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of Triumph Group by 124.7% during 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. Nisa Investment Advisors LLC grew its stake in shares of Triumph Group by 18,544.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 256,554 shares of the aerospace company's stock valued at $4,787,000 after acquiring an additional 255,178 shares during the period. Finally, Cornerstone Wealth Management LLC increased its holdings 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 worth $298,000 after acquiring an additional 580 shares in the last quarter. 94.53% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Triumph Group

In other Triumph Group news, CAO Jennifer H. Allen sold 35,000 shares of the business's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $25.32, for a total transaction of $886,200.00. Following the transaction, the chief accounting officer now owns 51,696 shares in the company, 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 legal filing with the SEC, which is available at this link. Company insiders own 2.31% of the company's stock.

Triumph Group Price Performance

Shares of NYSE TGI traded down $0.01 during midday trading on Friday, reaching $25.60. 435,102 shares of the stock traded hands, compared to its average volume of 1,235,865. The company's 50 day moving average is $25.22 and its 200 day moving average is $21.62. Triumph Group, Inc. has a one year low of $11.01 and a one year high of $25.65. The stock has a market capitalization of $1.98 billion, a PE ratio of 3.56 and a beta of 2.34.

Triumph Group (NYSE:TGI - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The aerospace company reported $0.27 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%. As a group, equities analysts forecast that Triumph Group, Inc. will post 0.68 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on TGI shares. JPMorgan Chase & Co. upgraded shares of Triumph Group from an "underweight" rating to a "neutral" rating and upped their price target for the stock from $17.00 to $26.00 in a research report on Tuesday, April 15th. Wolfe Research downgraded shares of Triumph Group from an "outperform" rating to a "peer perform" rating in a report on Monday, February 10th. Baird R W cut Triumph Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 4th. StockNews.com assumed coverage on Triumph Group in a research report on Sunday, May 4th. They set a "hold" rating for the company. Finally, Truist Financial boosted their price target on Triumph Group from $19.00 to $26.00 and gave the stock a "hold" rating in a report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating and ten have assigned a hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $20.63.

Triumph Group Company 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.