National Bank of Canada FI Invests $2.05 Million in Triumph Group, Inc. (NYSE:TGI)

National Bank of Canada FI purchased a new position in shares of Triumph Group, Inc. (NYSE:TGI) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 110,000 shares of the aerospace company’s stock, valued at approximately $2,053,000.

Other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp grew its holdings in shares of Triumph Group by 7.8% during the third quarter. State Street Corp now owns 4,447,835 shares of the aerospace company’s stock worth $57,333,000 after buying an additional 322,048 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in 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 in the last quarter. Fisher Asset Management LLC raised its holdings in Triumph Group by 17.9% in the 4th quarter. Fisher Asset Management LLC now owns 1,829,860 shares of the aerospace company’s stock valued at $34,145,000 after acquiring an additional 277,333 shares during the last quarter. Geode Capital Management LLC lifted its stake in Triumph Group by 8.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,732,791 shares of the aerospace company’s stock worth $22,340,000 after purchasing an additional 129,391 shares in the last quarter. Finally, American Century Companies Inc. acquired a new position in shares of Triumph Group during the 4th quarter worth approximately $30,845,000. 94.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TGI has been the topic of a number of analyst reports. Truist Financial lifted their price objective on Triumph Group from $19.00 to $26.00 and gave the stock a “hold” rating in a research report on Tuesday, February 4th. Robert W. Baird reiterated a “neutral” rating and set a $26.00 price target (up previously from $20.00) on shares of Triumph Group in a report on Tuesday, February 4th. Baird R W lowered shares of Triumph Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 4th. Barclays downgraded shares of Triumph Group from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $21.00 to $26.00 in a research note on Thursday, February 6th. Finally, StockNews.com assumed coverage on shares of Triumph Group in a report on Wednesday, April 2nd. They set a “hold” rating for the company. Two investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to MarketBeat.com, Triumph Group has a consensus rating of “Hold” and an average target price of $18.88.

Triumph Group Stock Performance

Triumph Group stock opened at $24.62 on Wednesday. The company has a market capitalization of $1.91 billion, a PE ratio of 3.42 and a beta of 2.13. Triumph Group, Inc. has a fifty-two week low of $11.01 and a fifty-two week high of $25.55. The firm has a 50 day moving average price of $25.02 and a 200 day moving average price of $19.75.

Triumph Group (NYSE:TGI) last issued its quarterly earnings data 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 negative return on equity of 55.18% and a net margin of 45.08%. As a group, equities research analysts forecast that Triumph Group, Inc. will post 0.68 earnings per share for the current year.

Insiders Place Their Bets

In related 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 value of $886,200.00. Following the completion of the transaction, the chief accounting officer now owns 51,696 shares in the company, valued at approximately $1,308,942.72. The trade was a 40.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.31% of the company’s stock.

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.