Voya Investment Management LLC Sells 12,646 Shares of Triumph Group, Inc. (NYSE:TGI)

Voya Investment Management LLC lowered its stake in shares of Triumph Group, Inc. (NYSE:TGI - Free Report) by 27.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 33,718 shares of the aerospace company's stock after selling 12,646 shares during the period. Voya Investment Management LLC's holdings in Triumph Group were worth $629,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. American Century Companies Inc. acquired a new stake in Triumph Group in the 4th quarter valued at approximately $30,845,000. Assenagon Asset Management S.A. raised its holdings in shares of Triumph Group by 124.7% in 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 buying an additional 1,286,568 shares during the period. Norges Bank acquired a new position in shares of Triumph Group in the fourth quarter worth $15,945,000. First Trust Advisors LP grew its stake in shares of Triumph Group by 59.6% in the fourth quarter. First Trust Advisors LP now owns 1,702,245 shares of the aerospace company's stock worth $31,764,000 after acquiring an additional 635,568 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Triumph Group by 1,207.4% in the third quarter. JPMorgan Chase & Co. now owns 538,904 shares of the aerospace company's stock worth $6,946,000 after acquiring an additional 497,684 shares in the last quarter. Institutional investors and hedge funds own 94.53% of the company's stock.

Insiders Place Their Bets

In other news, CAO Jennifer H. Allen sold 35,000 shares of Triumph Group stock in a transaction that occurred 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 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 filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.31% of the company's stock.

Analysts Set New Price Targets

TGI has been the subject of several analyst 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 research report on Tuesday, April 15th. Truist Financial boosted their price target on shares of Triumph Group from $19.00 to $26.00 and gave the company a "hold" rating in a research report on Tuesday, February 4th. Robert W. Baird reissued a "neutral" rating and issued a $26.00 price target (up from $20.00) on shares of Triumph Group in a research report on Tuesday, February 4th. Baird R W cut shares of Triumph Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 4th. Finally, Barclays cut Triumph Group from an "overweight" rating to an "equal weight" rating and increased their price objective for the stock from $21.00 to $26.00 in a research report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating and ten have given a hold rating to the stock. According to data from MarketBeat.com, Triumph Group presently has a consensus rating of "Hold" and a consensus target price of $20.63.

Triumph Group Trading Down 0.0%

TGI stock traded down $0.01 during trading on Wednesday, hitting $25.65. 129,098 shares of the stock traded hands, compared to its average volume of 1,230,874. Triumph Group, Inc. has a one year low of $11.01 and a one year high of $25.89. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of 3.56 and a beta of 2.34. The company has a 50 day simple moving average of $25.24 and a 200 day simple moving average of $21.78.

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, 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%. As a group, analysts predict that Triumph Group, Inc. will post 0.68 earnings per share for the current fiscal 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.