Raymond James Financial Inc. Buys New Shares in Triumph Group, Inc. (NYSE:TGI)

Raymond James Financial Inc. purchased a new stake in shares of Triumph Group, Inc. (NYSE:TGI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 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 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Capula Management Ltd bought a new stake in Triumph Group during the 4th quarter worth approximately $297,000. Invesco Ltd. grew its position in shares of Triumph Group by 4.6% during the fourth quarter. Invesco Ltd. now owns 838,571 shares of the aerospace company's stock valued at $15,648,000 after purchasing an additional 37,253 shares in the last quarter. Federated Hermes Inc. grew its position in shares of Triumph Group by 2.4% during the fourth quarter. Federated Hermes Inc. now owns 237,275 shares of the aerospace company's stock valued at $4,428,000 after purchasing an additional 5,646 shares in the last quarter. Old West Investment Management LLC increased its holdings in shares of Triumph Group by 5.9% in the fourth quarter. Old West Investment Management LLC now owns 44,942 shares of the aerospace company's stock worth $839,000 after purchasing an additional 2,516 shares during the last quarter. Finally, National Bank of Canada FI purchased a new stake in shares of Triumph Group in the fourth quarter worth about $2,053,000. 94.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Triumph Group

In other Triumph Group news, CAO Jennifer H. Allen sold 35,000 shares of the business's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $25.32, for a total transaction of $886,200.00. Following the sale, the chief accounting officer now directly owns 51,696 shares in the company, valued at $1,308,942.72. This represents a 40.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.31% of the company's stock.

Analyst Upgrades and Downgrades

TGI has been the topic of several recent research reports. JPMorgan Chase & Co. raised Triumph Group from an "underweight" rating to a "neutral" rating and upped their price objective for the stock from $17.00 to $26.00 in a report on Tuesday, April 15th. Barclays lowered Triumph Group from an "overweight" rating to an "equal weight" rating and raised their price objective for the company from $21.00 to $26.00 in a research note on Thursday, February 6th. StockNews.com started coverage on Triumph Group in a report on Sunday. They set a "hold" rating on the stock. Robert W. Baird restated a "neutral" rating and issued a $26.00 target price (up previously from $20.00) on shares of Triumph Group in a report on Tuesday, February 4th. Finally, Truist Financial lifted their price target on shares of Triumph Group from $19.00 to $26.00 and gave the stock a "hold" rating in a research note 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 data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $20.63.

Triumph Group Stock Performance

Shares of NYSE:TGI traded up $0.02 during midday trading on Wednesday, reaching $25.53. 537,757 shares of the company's stock traded hands, compared to its average volume of 1,232,450. The company has a fifty day simple moving average of $25.21 and a two-hundred day simple moving average of $21.43. Triumph Group, Inc. has a 1 year low of $11.01 and a 1 year high of $25.58. The company has a market cap of $1.98 billion, a P/E ratio of 3.55 and a beta of 2.34.

Triumph Group (NYSE:TGI - Get Free Report) last released 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 negative return on equity of 55.18% and a net margin of 45.08%. As a group, research analysts forecast that Triumph Group, Inc. will post 0.68 EPS for the current fiscal year.

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.