Tudor Investment Corp ET AL Makes New $1.20 Million Investment in Triumph Group, Inc. (NYSE:TGI)

Tudor Investment Corp ET AL acquired a new stake in shares of Triumph Group, Inc. (NYSE:TGI - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 64,391 shares of the aerospace company's stock, valued at approximately $1,202,000. Tudor Investment Corp ET AL owned about 0.08% of Triumph Group as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of TGI. American Century Companies Inc. acquired a new stake in shares of Triumph Group during the 4th quarter valued at $30,845,000. 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 acquiring an additional 1,286,568 shares during the last quarter. Norges Bank acquired a new stake in shares of Triumph Group during the 4th quarter valued at $15,945,000. First Trust Advisors LP lifted its position in shares of 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 acquiring an additional 635,568 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Triumph Group by 1,207.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 538,904 shares of the aerospace company's stock valued at $6,946,000 after acquiring an additional 497,684 shares during the last quarter. Institutional investors and hedge funds own 94.53% of the company's stock.

Triumph Group Stock Performance

Shares of NYSE TGI traded down $0.01 during mid-day trading on Friday, reaching $25.60. The company had a trading volume of 435,102 shares, compared to its average volume of 1,235,865. Triumph Group, Inc. has a twelve month low of $11.01 and a twelve month 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. The stock's 50 day moving average is $25.22 and its 200-day moving average is $21.67.

Triumph Group (NYSE:TGI - Get Free Report) last posted its quarterly earnings results 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 net margin of 45.08% and a negative return on equity of 55.18%. On average, sell-side analysts anticipate that Triumph Group, Inc. will post 0.68 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TGI. Barclays downgraded Triumph Group from an "overweight" rating to an "equal weight" rating and increased their price objective for the company from $21.00 to $26.00 in a research report on Thursday, February 6th. StockNews.com started coverage on shares of Triumph Group in a research note on Sunday, May 4th. They set a "hold" rating on the stock. Baird R W downgraded shares of Triumph Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Wolfe Research downgraded shares of Triumph Group from an "outperform" rating to a "peer perform" rating in a research note on Monday, February 10th. Finally, Robert W. Baird reissued a "neutral" rating and set a $26.00 target price (up from $20.00) on shares of Triumph Group in a research note on Tuesday, February 4th. One analyst has rated the stock with a sell rating and ten have issued a hold rating to the company. According to data from MarketBeat.com, Triumph Group presently has a consensus rating of "Hold" and an average price target of $20.63.

Insider Transactions at Triumph Group

In other Triumph Group news, CAO Jennifer H. Allen sold 35,000 shares of the 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 directly owns 51,696 shares of the company's stock, valued at $1,308,942.72. This represents a 40.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.31% of the stock is currently owned by company insiders.

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.