Barclays PLC Acquires 369,173 Shares of Triumph Group, Inc. (NYSE:TGI)

Barclays PLC boosted its holdings in Triumph Group, Inc. (NYSE:TGI - Free Report) by 248.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 517,703 shares of the aerospace company's stock after acquiring an additional 369,173 shares during the quarter. Barclays PLC owned 0.67% of Triumph Group worth $9,660,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TGI. Sterling Capital Management LLC lifted its position 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 in the last quarter. Capula Management Ltd bought a new position in shares of Triumph Group during the 4th quarter valued at $297,000. Cornerstone Wealth Management LLC boosted its stake in shares of 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 buying an additional 580 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Triumph Group in the fourth quarter worth $310,000. Finally, Amundi grew its holdings in shares of Triumph Group by 168.3% in the fourth quarter. Amundi now owns 37,407 shares of the aerospace company's stock worth $697,000 after acquiring an additional 23,466 shares during the period. 94.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TGI has been the topic of several research reports. JPMorgan Chase & Co. raised Triumph Group from an "underweight" rating to a "neutral" rating and raised their target price for the stock from $17.00 to $26.00 in a research report on Tuesday, April 15th. Robert W. Baird restated a "neutral" rating and set a $26.00 target price (up from $20.00) on shares of Triumph Group in a research report on Tuesday, February 4th. Barclays cut shares of Triumph Group from an "overweight" rating to an "equal weight" rating and upped their target price for the company from $21.00 to $26.00 in a report on Thursday, February 6th. Baird R W cut shares of Triumph Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Finally, Wolfe Research cut shares of Triumph Group from an "outperform" rating to a "peer perform" rating in a research note on Monday, February 10th. One research analyst has rated the stock with a sell rating and ten have issued a hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $20.63.

Insider Activity 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 value of $886,200.00. Following the sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.31% of the stock is owned by corporate insiders.

Triumph Group Trading Up 0.2 %

Shares of TGI traded up $0.05 during trading hours on Monday, reaching $25.35. 2,518,499 shares of the stock traded hands, compared to its average volume of 1,226,014. Triumph Group, Inc. has a 52-week low of $11.01 and a 52-week high of $25.55. The company's 50-day moving average price is $25.18 and its two-hundred day moving average price is $21.01. The company has a market cap of $1.96 billion, a P/E ratio of 3.52 and a beta of 2.13.

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

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.