Jump Financial LLC Invests $430,000 in Triumph Group, Inc. (NYSE:TGI)

Jump Financial LLC purchased a new stake in Triumph Group, Inc. (NYSE:TGI) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 23,051 shares of the aerospace company’s stock, valued at approximately $430,000.

A number of other hedge funds have also recently bought and sold shares of TGI. Assenagon Asset Management S.A. boosted its stake in shares of Triumph Group by 124.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,318,285 shares of the aerospace company’s stock valued at $43,259,000 after buying an additional 1,286,568 shares during the last quarter. Fisher Asset Management LLC raised its holdings in Triumph Group by 17.9% in the fourth quarter. Fisher Asset Management LLC now owns 1,829,860 shares of the aerospace company’s stock valued at $34,145,000 after acquiring an additional 277,333 shares in the last quarter. Geode Capital Management LLC boosted its stake in Triumph Group by 8.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,732,791 shares of the aerospace company’s stock valued at $22,340,000 after acquiring an additional 129,391 shares during the last quarter. American Century Companies Inc. acquired a new position in Triumph Group during the 4th quarter worth $30,845,000. Finally, Norges Bank bought a new stake in shares of Triumph Group in the 4th quarter worth about $15,945,000. Institutional investors and hedge funds own 94.53% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on TGI. StockNews.com started coverage on shares of Triumph Group in a research report on Friday, April 18th. They set a “hold” rating on the stock. JPMorgan Chase & Co. raised Triumph Group from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $17.00 to $26.00 in a report on Tuesday, April 15th. Baird R W downgraded Triumph Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 4th. Barclays cut Triumph Group from an “overweight” rating to an “equal weight” rating and raised their price objective for the stock from $21.00 to $26.00 in a research note on Thursday, February 6th. Finally, Robert W. Baird reiterated a “neutral” rating and set a $26.00 target price (up previously from $20.00) on shares of Triumph Group in a research note on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating and ten have issued a hold rating to the company’s stock. According to data from MarketBeat, Triumph Group presently has a consensus rating of “Hold” and a consensus target price of $20.63.

Triumph Group Stock Up 0.7 %

TGI stock opened at $25.25 on Friday. The stock has a market cap of $1.95 billion, a PE ratio of 3.51 and a beta of 2.13. The firm’s 50-day simple moving average is $25.18 and its 200 day simple moving average is $20.73. Triumph Group, Inc. has a fifty-two week low of $11.01 and a fifty-two week high of $25.55.

Triumph Group (NYSE:TGI) last announced its quarterly earnings results on Monday, February 10th. The aerospace company reported $0.27 EPS 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%. Equities analysts forecast that Triumph Group, Inc. will post 0.68 EPS for the current fiscal year.

Insider Buying and Selling at Triumph Group

In other news, CAO Jennifer H. Allen sold 35,000 shares of the firm’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $25.32, for a total transaction of $886,200.00. Following the transaction, the chief accounting officer now directly owns 51,696 shares of the company’s stock, valued at approximately $1,308,942.72. This trade represents a 40.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.31% of the stock is owned by company insiders.

Triumph Group Profile

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.