Tower Research Capital LLC TRC Trims Holdings in Triumph Group, Inc. (NYSE:TGI)

Tower Research Capital LLC TRC lowered its position in shares of Triumph Group, Inc. (NYSE:TGI - Free Report) by 71.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,413 shares of the aerospace company's stock after selling 11,200 shares during the quarter. Tower Research Capital LLC TRC's holdings in Triumph Group were worth $82,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. American Century Companies Inc. bought a new position in Triumph Group in the 4th quarter worth $30,845,000. Assenagon Asset Management S.A. boosted its stake in shares of Triumph Group by 124.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,318,285 shares of the aerospace company's stock worth $43,259,000 after acquiring an additional 1,286,568 shares during the period. Norges Bank purchased a new stake in shares of Triumph Group during the fourth quarter worth about $15,945,000. First Trust Advisors LP raised its stake in 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 valued at $31,764,000 after purchasing an additional 635,568 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in Triumph Group by 1,207.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 538,904 shares of the aerospace company's stock worth $6,946,000 after purchasing an additional 497,684 shares in the last quarter. 94.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TGI has been the topic of several recent analyst reports. Barclays cut shares of Triumph Group from an "overweight" rating to an "equal weight" rating and lifted their price objective for the company from $21.00 to $26.00 in a research report on Thursday, February 6th. JPMorgan Chase & Co. upgraded shares of Triumph Group from an "underweight" rating to a "neutral" rating and boosted their price target for the stock from $17.00 to $26.00 in a research note on Tuesday, April 15th. Baird R W lowered Triumph Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 4th. StockNews.com assumed coverage on Triumph Group in a research report on Sunday, May 4th. They issued a "hold" rating on the stock. Finally, Truist Financial raised their price target on Triumph Group from $19.00 to $26.00 and gave the company 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 issued a hold rating to the company. Based on data from MarketBeat, Triumph Group currently has a consensus rating of "Hold" and a consensus target price of $20.63.

Insider Buying and Selling

In related news, CAO Jennifer H. Allen sold 35,000 shares of the firm's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $25.32, for a total value of $886,200.00. Following the transaction, the chief accounting officer now owns 51,696 shares of the company's stock, valued at $1,308,942.72. This trade represents a 40.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.31% of the stock is owned by corporate insiders.

Triumph Group Stock Performance

NYSE TGI opened at $25.60 on Friday. The business's 50 day moving average price is $25.22 and its 200-day moving average price is $21.62. Triumph Group, Inc. has a fifty-two week low of $11.01 and a fifty-two week high of $25.65. The company has a market cap of $1.98 billion, a P/E ratio of 3.56 and a beta of 2.34.

Triumph Group (NYSE:TGI - Get Free Report) last announced its earnings results on Monday, February 10th. The aerospace company reported $0.27 earnings per share for the quarter, beating the consensus estimate 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 predict that Triumph Group, Inc. will post 0.68 EPS for the current 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.

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