Tower Research Capital LLC TRC Sells 11,200 Shares of Triumph Group, Inc. (NYSE:TGI)

Tower Research Capital LLC TRC decreased its position in Triumph Group, Inc. (NYSE:TGI - Free Report) by 71.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 4,413 shares of the aerospace company's stock after selling 11,200 shares during the period. Tower Research Capital LLC TRC's holdings in Triumph Group were worth $82,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TGI. Cornerstone Wealth Management LLC raised its position in shares of Triumph Group by 3.8% during the fourth 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 during the last quarter. Canada Pension Plan Investment Board increased its position in shares of Triumph Group by 0.5% in the fourth quarter. Canada Pension Plan Investment Board now owns 301,400 shares of the aerospace company's stock valued at $5,624,000 after acquiring an additional 1,400 shares during the last quarter. Sterling Capital Management LLC raised its stake in Triumph Group by 804.2% in the fourth quarter. Sterling Capital Management LLC now owns 2,351 shares of the aerospace company's stock valued at $44,000 after buying an additional 2,091 shares during the period. Old West Investment Management LLC boosted its holdings in shares of Triumph Group by 5.9% during the 4th quarter. Old West Investment Management LLC now owns 44,942 shares of the aerospace company's stock worth $839,000 after buying an additional 2,516 shares during the period. Finally, MetLife Investment Management LLC boosted its position in shares of Triumph Group by 9.7% in the fourth quarter. MetLife Investment Management LLC now owns 44,721 shares of the aerospace company's stock valued at $834,000 after acquiring an additional 3,941 shares during the period. 94.53% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CAO Jennifer H. Allen sold 35,000 shares of the firm'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 completion of the transaction, the chief accounting officer now directly owns 51,696 shares of the company's stock, valued at approximately $1,308,942.72. This trade represents a 40.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.31% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on TGI shares. StockNews.com started coverage on Triumph Group in a research report on Monday. They issued a "hold" rating for the company. Wolfe Research cut Triumph Group from an "outperform" rating to a "peer perform" rating in a report on Monday, February 10th. Truist Financial raised their price objective on Triumph Group from $19.00 to $26.00 and gave the company a "hold" rating in a research note on Tuesday, February 4th. Barclays downgraded shares of Triumph Group from an "overweight" rating to an "equal weight" rating and boosted their price target for the stock from $21.00 to $26.00 in a report on Thursday, February 6th. Finally, Baird R W cut Triumph Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating and ten have issued a hold rating to the company's stock. According to data from MarketBeat.com, Triumph Group has an average rating of "Hold" and an average price target of $20.63.

Triumph Group Stock Performance

Shares of NYSE TGI traded down $0.01 during trading on Thursday, hitting $25.67. The company had a trading volume of 128,924 shares, compared to its average volume of 1,230,163. The stock has a 50 day simple moving average of $25.24 and a 200 day simple moving average of $21.81. The firm 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 12 month low of $11.01 and a 12 month high of $25.72.

Triumph Group (NYSE:TGI - Get Free Report) last announced its quarterly earnings data on Monday, February 10th. The aerospace company reported $0.27 EPS 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, 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.