WealthTrust Axiom LLC Cuts Holdings in Triumph Group, Inc. (NYSE:TGI)

WealthTrust Axiom LLC decreased its position in Triumph Group, Inc. (NYSE:TGI) by 5.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 90,991 shares of the aerospace company’s stock after selling 5,621 shares during the period. WealthTrust Axiom LLC’s holdings in Triumph Group were worth $1,509,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TGI. Signaturefd LLC increased its holdings in 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 buying an additional 1,877 shares in the last quarter. Fifth Third Bancorp increased its stake in shares of Triumph Group by 1,980.2% during the third quarter. Fifth Third Bancorp now owns 6,303 shares of the aerospace company’s stock worth $48,000 after purchasing an additional 6,000 shares in the last quarter. International Assets Investment Management LLC increased its stake in shares of Triumph Group by 1,558.0% during the fourth quarter. International Assets Investment Management LLC now owns 4,974 shares of the aerospace company’s stock worth $82,000 after purchasing an additional 4,674 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Triumph Group by 11.6% during the third quarter. Victory Capital Management Inc. now owns 12,351 shares of the aerospace company’s stock worth $95,000 after purchasing an additional 1,285 shares in the last quarter. Finally, Sherbrooke Park Advisers LLC purchased a new stake in shares of Triumph Group during the third quarter worth about $97,000. Hedge funds and other institutional investors own 94.53% of the company’s stock.

Insider Buying and Selling

In other Triumph Group news, Director Neal J. Keating bought 7,200 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were purchased at an average cost of $14.53 per share, with a total value of $104,616.00. Following the purchase, the director now directly owns 58,987 shares in the company, valued at $857,081.11. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.40% of the stock is owned by insiders.

Triumph Group Stock Performance

Shares of TGI stock traded down $0.53 during trading hours on Tuesday, hitting $13.47. The company had a trading volume of 170,784 shares, compared to its average volume of 772,414. The company’s fifty day moving average is $14.05 and its 200 day moving average is $13.08. Triumph Group, Inc. has a fifty-two week low of $7.00 and a fifty-two week high of $17.27.

Triumph Group (NYSE:TGI) last issued its quarterly earnings data on Wednesday, February 7th. The aerospace company reported ($0.16) EPS for the quarter, missing the consensus estimate of $0.14 by ($0.30). Triumph Group had a negative return on equity of 2.15% and a negative net margin of 3.49%. The company had revenue of $285.00 million during the quarter, compared to analyst estimates of $367.96 million. During the same quarter in the prior year, the company posted $0.12 earnings per share. The business’s revenue was up 8.9% compared to the same quarter last year. As a group, equities research analysts predict that Triumph Group, Inc. will post -0.43 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on TGI. JPMorgan Chase & Co. raised shares of Triumph Group from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $13.00 to $17.00 in a research note on Monday, April 15th. Wolfe Research raised shares of Triumph Group from a “peer perform” rating to an “outperform” rating and set a $18.00 target price for the company in a research note on Thursday, March 28th. Bank of America raised shares of Triumph Group from an “underperform” rating to a “buy” rating and boosted their target price for the stock from $9.00 to $21.00 in a research note on Thursday, January 25th. Truist Financial boosted their price target on shares of Triumph Group from $17.00 to $27.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Finally, Barclays upgraded shares of Triumph Group from an “equal weight” rating to an “overweight” rating and set a $20.00 price target on the stock in a research report on Friday, January 5th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $19.63.

Triumph Group Company 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.