Fisher Asset Management LLC Acquires 277,333 Shares of Triumph Group, Inc. (NYSE:TGI)

Fisher Asset Management LLC grew its holdings in shares of Triumph Group, Inc. (NYSE:TGI) by 17.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,829,860 shares of the aerospace company’s stock after purchasing an additional 277,333 shares during the quarter. Fisher Asset Management LLC’s holdings in Triumph Group were worth $34,145,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of TGI. International Assets Investment Management LLC raised its holdings in shares of Triumph Group by 1,189.0% during the 3rd quarter. International Assets Investment Management LLC now owns 10,312 shares of the aerospace company’s stock valued at $133,000 after purchasing an additional 9,512 shares in the last quarter. GSA Capital Partners LLP raised its holdings in Triumph Group by 14.1% in the 3rd quarter. GSA Capital Partners LLP now owns 26,374 shares of the aerospace company’s stock worth $340,000 after acquiring an additional 3,253 shares during the period. Sasco Capital Inc. CT raised its holdings in Triumph Group by 50.5% in the 3rd quarter. Sasco Capital Inc. CT now owns 71,473 shares of the aerospace company’s stock worth $921,000 after acquiring an additional 23,990 shares during the period. Intech Investment Management LLC raised its holdings in Triumph Group by 61.2% in the 3rd 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 during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Triumph Group by 4.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 679,993 shares of the aerospace company’s stock worth $8,765,000 after acquiring an additional 26,969 shares during the period. Institutional investors own 94.53% of the company’s stock.

Triumph Group Price Performance

NYSE TGI opened at $25.33 on Monday. The firm has a market capitalization of $1.96 billion, a price-to-earnings ratio of 3.52 and a beta of 2.51. The company’s fifty day moving average is $21.36 and its two-hundred day moving average is $17.46. Triumph Group, Inc. has a 52-week low of $11.01 and a 52-week high of $25.41.

Triumph Group (NYSE:TGI) last issued 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, sell-side analysts expect that Triumph Group, Inc. will post 0.68 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on TGI shares. StockNews.com started coverage on shares of Triumph Group in a report on Saturday. They issued a “hold” rating on the stock. 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 report on Thursday, February 6th. Wolfe Research downgraded shares of Triumph Group from an “outperform” rating to a “peer perform” rating in a report on Monday, February 10th. Truist Financial lifted 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. Finally, Baird R W downgraded shares of Triumph Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 4th. Two investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $18.78.

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.