Triumph Group, Inc. (NYSE:TGI) Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC cut its holdings in Triumph Group, Inc. (NYSE:TGI) by 3.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,495,961 shares of the aerospace company’s stock after selling 51,456 shares during the period. Fisher Asset Management LLC’s holdings in Triumph Group were worth $24,803,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Signaturefd LLC grew its position in shares of Triumph Group by 298.4% in the fourth quarter. Signaturefd LLC now owns 2,506 shares of the aerospace company’s stock valued at $42,000 after purchasing an additional 1,877 shares during the period. Fifth Third Bancorp boosted its stake in Triumph Group by 1,980.2% in the 3rd quarter. Fifth Third Bancorp now owns 6,303 shares of the aerospace company’s stock worth $48,000 after buying an additional 6,000 shares during the last quarter. International Assets Investment Management LLC grew its holdings in Triumph Group by 1,558.0% in the 4th quarter. International Assets Investment Management LLC now owns 4,974 shares of the aerospace company’s stock valued at $82,000 after buying an additional 4,674 shares during the period. Victory Capital Management Inc. increased its stake in shares of Triumph Group by 11.6% during the 3rd quarter. Victory Capital Management Inc. now owns 12,351 shares of the aerospace company’s stock valued at $95,000 after acquiring an additional 1,285 shares during the last quarter. Finally, Sherbrooke Park Advisers LLC purchased a new position in shares of Triumph Group during the 3rd quarter worth about $97,000. Hedge funds and other institutional investors own 94.53% of the company’s stock.

Insiders Place Their Bets

In other news, Director Neal J. Keating acquired 7,200 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were bought at an average price of $14.53 per share, for a total transaction of $104,616.00. Following the completion of the purchase, the director now directly owns 58,987 shares of the company’s stock, valued at approximately $857,081.11. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 2.40% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

TGI has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upgraded shares of Triumph Group from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $13.00 to $17.00 in a report on Monday, April 15th. Bank of America raised shares of Triumph Group from an “underperform” rating to a “buy” rating and boosted their price objective for the company from $9.00 to $21.00 in a research note on Thursday, January 25th. The Goldman Sachs Group increased their target price on Triumph Group from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Wolfe Research raised Triumph Group from a “peer perform” rating to an “outperform” rating and set a $18.00 price target for the company in a research report on Thursday, March 28th. Finally, Robert W. Baird upgraded Triumph Group from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $13.00 to $20.00 in a research note on Tuesday, January 16th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Triumph Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.63.

Triumph Group Trading Up 3.1 %

Shares of NYSE TGI opened at $13.82 on Friday. The stock has a fifty day moving average price of $13.96 and a 200 day moving average price of $13.17. Triumph Group, Inc. has a 12-month low of $7.00 and a 12-month high of $17.27.

Triumph Group (NYSE:TGI) last issued its earnings results on Wednesday, February 7th. The aerospace company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.30). The company had revenue of $285.00 million during the quarter, compared to analysts’ expectations of $367.96 million. Triumph Group had a negative return on equity of 2.15% and a negative net margin of 3.49%. Triumph Group’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.12 EPS. On average, equities analysts expect that Triumph Group, Inc. will post -0.32 earnings per share for the current fiscal year.

Triumph Group Profile

Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls, and distributes aerostructures, 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, exhaust nozzles and ducting, 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.