Hudson Bay Capital Management LP Purchases Shares of 137,815 Triumph Group, Inc. (NYSE:TGI)

Hudson Bay Capital Management LP purchased a new stake in shares of Triumph Group, Inc. (NYSE:TGI) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 137,815 shares of the aerospace company’s stock, valued at approximately $2,572,000.

Several other large investors have also added to or reduced their stakes in TGI. Sterling Capital Management LLC lifted its holdings in Triumph Group by 804.2% during the fourth quarter. Sterling Capital Management LLC now owns 2,351 shares of the aerospace company’s stock valued at $44,000 after purchasing an additional 2,091 shares in the last quarter. Brevan Howard Capital Management LP lifted its holdings in Triumph Group by 17.1% during the fourth quarter. Brevan Howard Capital Management LP now owns 12,306 shares of the aerospace company’s stock valued at $230,000 after purchasing an additional 1,798 shares in the last quarter. Capula Management Ltd purchased a new position in Triumph Group during the fourth quarter valued at approximately $297,000. Cornerstone Wealth Management LLC lifted its holdings in Triumph Group by 3.8% during the fourth quarter. Cornerstone Wealth Management LLC now owns 15,964 shares of the aerospace company’s stock valued at $298,000 after purchasing an additional 580 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in Triumph Group during the fourth quarter valued at approximately $310,000. Hedge funds and other institutional investors own 94.53% of the company’s stock.

Insider Activity at Triumph Group

In other 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 value of $886,200.00. Following the sale, the chief accounting officer now owns 51,696 shares of the company’s stock, valued at approximately $1,308,942.72. This represents a 40.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.31% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

TGI has been the topic of several analyst reports. JPMorgan Chase & Co. raised shares of Triumph Group from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $17.00 to $26.00 in a report on Tuesday, April 15th. Truist Financial boosted their target price on shares of Triumph Group from $19.00 to $26.00 and gave the stock a “hold” rating in a report on Tuesday, February 4th. Baird R W downgraded shares of Triumph Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 4th. Robert W. Baird reissued a “neutral” rating and issued a $26.00 target price (up previously from $20.00) on shares of Triumph Group in a report on Tuesday, February 4th. Finally, Barclays downgraded shares of Triumph Group from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $21.00 to $26.00 in a report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating and ten have assigned a hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $20.63.

Triumph Group Stock Up 0.2%

Triumph Group stock opened at $25.65 on Wednesday. The company has a market cap of $1.99 billion, a price-to-earnings ratio of 3.56 and a beta of 2.34. The firm’s fifty day moving average is $25.24 and its 200 day moving average is $21.78. Triumph Group, Inc. has a 52-week low of $11.01 and a 52-week high of $25.68.

Triumph Group (NYSE:TGI) last released its quarterly earnings results on Monday, February 10th. The aerospace company reported $0.27 earnings per share (EPS) for the quarter, beating 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, equities research analysts anticipate 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.