Penn Capital Management Company LLC Has $15.77 Million Stock Holdings in Triumph Group, Inc. (NYSE:TGI)

Penn Capital Management Company LLC reduced its position in Triumph Group, Inc. (NYSE:TGI) by 10.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 845,344 shares of the aerospace company’s stock after selling 94,027 shares during the quarter. Triumph Group comprises approximately 1.5% of Penn Capital Management Company LLC’s investment portfolio, making the stock its 10th biggest holding. Penn Capital Management Company LLC’s holdings in Triumph Group were worth $15,774,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Cornerstone Wealth Management LLC increased its position in Triumph Group by 3.8% during the 4th quarter. Cornerstone Wealth Management LLC now owns 15,964 shares of the aerospace company’s stock valued at $298,000 after buying an additional 580 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in Triumph Group by 0.5% in the 4th quarter. Canada Pension Plan Investment Board now owns 301,400 shares of the aerospace company’s stock worth $5,624,000 after purchasing an additional 1,400 shares in the last quarter. Sterling Capital Management LLC increased its stake in Triumph Group by 804.2% during the 4th 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. Old West Investment Management LLC raised its stake in Triumph Group by 5.9% in the 4th quarter. Old West Investment Management LLC now owns 44,942 shares of the aerospace company’s stock worth $839,000 after acquiring an additional 2,516 shares during the last quarter. Finally, MetLife Investment Management LLC increased its holdings in shares of Triumph Group by 9.7% in the fourth quarter. MetLife Investment Management LLC now owns 44,721 shares of the aerospace company’s stock valued at $834,000 after purchasing an additional 3,941 shares during the period. 94.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on the stock. Wolfe Research cut shares of Triumph Group from an “outperform” rating to a “peer perform” rating in a research note on Monday, February 10th. Baird R W lowered Triumph Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 4th. StockNews.com started coverage on Triumph Group in a research report on Friday, April 18th. They set a “hold” rating for the company. Barclays lowered shares of Triumph Group from an “overweight” rating to an “equal weight” rating and raised their price target for the company from $21.00 to $26.00 in a research report on Thursday, February 6th. Finally, Truist Financial increased their target price on shares of Triumph Group from $19.00 to $26.00 and gave the stock a “hold” rating in a research note on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating and ten have assigned a hold rating to the company. According to data from MarketBeat, Triumph Group currently has an average rating of “Hold” and a consensus target price of $20.63.

Triumph Group Stock Performance

NYSE:TGI opened at $25.08 on Thursday. The stock has a market capitalization of $1.94 billion, a P/E ratio of 3.48 and a beta of 2.13. Triumph Group, Inc. has a fifty-two week low of $11.01 and a fifty-two week high of $25.55. The company has a 50 day moving average price of $25.18 and a 200 day moving average price of $20.64.

Triumph Group (NYSE:TGI) last issued its quarterly earnings data on Monday, February 10th. The aerospace company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. Triumph Group had a negative return on equity of 55.18% and a net margin of 45.08%. Research analysts forecast that Triumph Group, Inc. will post 0.68 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Jennifer H. Allen sold 35,000 shares of Triumph Group stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now owns 51,696 shares in the company, valued at approximately $1,308,942.72. The trade was a 40.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.31% of the company’s stock.

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.