Triumph Group, Inc. (NYSE:TGI) Stake Lowered by Lathrop Investment Management Corp

Lathrop Investment Management Corp reduced its stake in shares of Triumph Group, Inc. (NYSE:TGI) by 2.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 154,181 shares of the aerospace company’s stock after selling 3,640 shares during the period. Lathrop Investment Management Corp’s holdings in Triumph Group were worth $2,556,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Russell Investments Group Ltd. lifted its stake in shares of Triumph Group by 6.1% in the 4th quarter. Russell Investments Group Ltd. now owns 50,052 shares of the aerospace company’s stock valued at $830,000 after purchasing an additional 2,898 shares during the last quarter. Semanteon Capital Management LP acquired a new stake in shares of Triumph Group in the 4th quarter valued at $386,000. Signaturefd LLC lifted its stake in shares of Triumph Group by 298.4% in the 4th 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 last quarter. Federated Hermes Inc. acquired a new stake in shares of Triumph Group in the 4th quarter valued at $3,878,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Triumph Group by 103.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,604 shares of the aerospace company’s stock valued at $325,000 after purchasing an additional 9,963 shares during the last quarter. 94.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Wolfe Research raised shares of Triumph Group from a “peer perform” rating to an “outperform” rating and set a $18.00 price objective for the company in a research note on Thursday, March 28th. Robert W. Baird raised shares of Triumph Group from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $13.00 to $20.00 in a research report on Tuesday, January 16th. Truist Financial boosted their target price 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. 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 report on Thursday, January 25th. Finally, The Goldman Sachs Group boosted their target price on shares of Triumph Group from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Triumph Group has a consensus rating of “Moderate Buy” and an average target price of $19.63.

Triumph Group Price Performance

Shares of NYSE TGI traded up $0.24 during mid-day trading on Friday, hitting $13.66. The company had a trading volume of 403,350 shares, compared to its average volume of 504,816. The business’s 50-day simple moving average is $14.06 and its 200-day simple moving average is $12.96. Triumph Group, Inc. has a 12 month low of $7.00 and a 12 month high of $17.27. The firm has a market cap of $1.05 billion, a P/E ratio of -20.07, a PEG ratio of 7.44 and a beta of 2.58.

Triumph Group (NYSE:TGI) last released 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). Triumph Group had a negative net margin of 3.49% and a negative return on equity of 2.15%. The company had revenue of $285.00 million during the quarter, compared to the consensus estimate of $367.96 million. During the same quarter in the previous year, the business posted $0.12 EPS. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. As a group, sell-side analysts predict that Triumph Group, Inc. will post -0.43 EPS for the current year.

Insider Activity at Triumph Group

In other Triumph Group news, Director Neal J. Keating purchased 7,200 shares of the business’s stock in a transaction on Friday, February 9th. The stock was purchased 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 in the company, valued at $857,081.11. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.40% of the stock is owned by corporate insiders.

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.