Royce & Associates LP Has $15.24 Million Position in Triumph Group, Inc. (NYSE:TGI)

Royce & Associates LP cut its stake in Triumph Group, Inc. (NYSE:TGI) by 11.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 816,494 shares of the aerospace company’s stock after selling 110,370 shares during the quarter. Royce & Associates LP owned 1.06% of Triumph Group worth $15,236,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. GSA Capital Partners LLP raised its holdings in Triumph Group by 14.1% in the third quarter. GSA Capital Partners LLP now owns 26,374 shares of the aerospace company’s stock worth $340,000 after purchasing an additional 3,253 shares during the period. Sasco Capital Inc. CT raised its stake in Triumph Group by 50.5% during the 3rd quarter. Sasco Capital Inc. CT now owns 71,473 shares of the aerospace company’s stock worth $921,000 after buying an additional 23,990 shares during the period. Intech Investment Management LLC lifted its holdings in Triumph Group by 61.2% during the third quarter. Intech Investment Management LLC now owns 34,152 shares of the aerospace company’s stock worth $440,000 after acquiring an additional 12,965 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Triumph Group by 4.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 679,993 shares of the aerospace company’s stock valued at $8,765,000 after acquiring an additional 26,969 shares during the period. Finally, Fisher Asset Management LLC increased its holdings in shares of Triumph Group by 0.3% in the third quarter. Fisher Asset Management LLC now owns 1,552,527 shares of the aerospace company’s stock worth $20,012,000 after acquiring an additional 5,377 shares in the last quarter. 94.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TGI has been the subject of several research analyst reports. 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 shares of Triumph Group in a report on Monday. They issued a “hold” rating for the company. Truist Financial boosted their price objective 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. Wolfe Research cut Triumph Group from an “outperform” rating to a “peer perform” rating in a report on Monday, February 10th. Finally, Barclays downgraded Triumph Group from an “overweight” rating to an “equal weight” rating and lifted their price target for the company from $21.00 to $26.00 in a research note on Thursday, February 6th. Two research analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $18.78.

Insider Activity

In related news, CAO Jennifer H. Allen sold 35,000 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The stock was 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 approximately $1,308,942.72. The trade was a 40.37 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.31% of the stock is owned by insiders.

Triumph Group Stock Performance

Shares of NYSE TGI opened at $25.41 on Monday. The stock has a 50 day moving average price of $22.70 and a 200 day moving average price of $18.28. The stock has a market capitalization of $1.97 billion, a PE ratio of 3.53 and a beta of 2.52. Triumph Group, Inc. has a 52 week low of $11.01 and a 52 week high of $25.44.

Triumph Group (NYSE:TGI) last released 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, research analysts forecast 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.