Kennedy Capital Management LLC Raises Stock Position in Triumph Group, Inc. (NYSE:TGI)

Kennedy Capital Management LLC grew its holdings in shares of Triumph Group, Inc. (NYSE:TGI) by 1.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 542,669 shares of the aerospace company’s stock after buying an additional 9,263 shares during the quarter. Kennedy Capital Management LLC’s holdings in Triumph Group were worth $10,126,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. raised its position in Triumph Group by 124.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,318,285 shares of the aerospace company’s stock valued at $43,259,000 after purchasing an additional 1,286,568 shares during the period. Barclays PLC raised its holdings in Triumph Group by 155.8% during the 3rd quarter. Barclays PLC now owns 148,530 shares of the aerospace company’s stock valued at $1,915,000 after buying an additional 90,456 shares during the period. JPMorgan Chase & Co. lifted its position in 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 buying an additional 497,684 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Triumph Group during the fourth quarter worth $1,095,000. Finally, American Century Companies Inc. bought a new position in Triumph Group during the fourth quarter valued at $30,845,000. Hedge funds and other institutional investors own 94.53% of the company’s stock.

Analyst Ratings Changes

TGI has been the subject of several analyst reports. TD Cowen upgraded shares of Triumph Group to a “hold” rating in a report on Thursday, December 19th. Barclays lowered Triumph Group from an “overweight” rating to an “equal weight” rating and boosted their target price for the company from $21.00 to $26.00 in a research report on Thursday, February 6th. Wolfe Research downgraded Triumph Group from an “outperform” rating to a “peer perform” rating in a report on Monday, February 10th. Baird R W cut Triumph Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 4th. Finally, Truist Financial increased their target price on Triumph Group from $19.00 to $26.00 and gave the stock a “hold” rating in a research note on Tuesday, February 4th. Two equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $18.88.

Triumph Group Trading Down 1.5 %

Shares of TGI stock opened at $24.66 on Friday. Triumph Group, Inc. has a twelve month low of $11.01 and a twelve month high of $25.55. The stock has a fifty day simple moving average of $25.26 and a two-hundred day simple moving average of $19.94. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of 3.42 and a beta of 2.13.

Triumph Group (NYSE:TGI) last released its quarterly earnings data 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%. Research analysts predict that Triumph Group, Inc. will post 0.68 EPS for the current fiscal year.

Insider Activity

In other Triumph Group news, CAO Jennifer H. Allen sold 35,000 shares of the company’s stock in a transaction 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 completion of the sale, the chief accounting officer now owns 51,696 shares in the company, 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 Securities & Exchange Commission, which is available at the SEC website. 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.