Ulysses Management LLC Sells 25,000 Shares of Triumph Group, Inc. (NYSE:TGI)

Ulysses Management LLC reduced its stake in shares of Triumph Group, Inc. (NYSE:TGI) by 25.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 75,000 shares of the aerospace company’s stock after selling 25,000 shares during the quarter. Ulysses Management LLC owned about 0.10% of Triumph Group worth $1,400,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in TGI. Sterling Capital Management LLC grew its stake in shares of Triumph Group by 804.2% during the fourth quarter. Sterling Capital Management LLC now owns 2,351 shares of the aerospace company’s stock valued at $44,000 after buying an additional 2,091 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. grew its stake in shares of Triumph Group by 58.1% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,761 shares of the aerospace company’s stock valued at $126,000 after buying an additional 2,484 shares during the last quarter. Brevan Howard Capital Management LP grew its stake in shares of Triumph Group by 17.1% during the fourth quarter. Brevan Howard Capital Management LP now owns 12,306 shares of the aerospace company’s stock valued at $230,000 after buying an additional 1,798 shares during the last quarter. Capula Management Ltd bought a new position in shares of Triumph Group during the fourth quarter valued at approximately $297,000. Finally, Cornerstone Wealth Management LLC grew its stake in shares of Triumph Group by 3.8% during the fourth 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 during the last quarter. 94.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Baird R W lowered Triumph Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 4th. JPMorgan Chase & Co. upgraded Triumph Group from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $17.00 to $26.00 in a report on Tuesday, April 15th. Truist Financial boosted their price target on Triumph Group from $19.00 to $26.00 and gave the company a “hold” rating in a report on Tuesday, February 4th. Barclays lowered Triumph Group from an “overweight” rating to an “equal weight” rating and boosted their price target for the company from $21.00 to $26.00 in a report on Thursday, February 6th. Finally, StockNews.com assumed coverage on Triumph Group in a report on Tuesday. They issued a “hold” rating for the company. One investment analyst has rated the stock with a sell rating and ten have issued a hold rating to the company. Based on data from MarketBeat.com, Triumph Group presently has an average rating of “Hold” and a consensus target price of $20.63.

Triumph Group Trading Up 0.1%

Shares of TGI stock opened at $25.69 on Tuesday. The business’s fifty day simple moving average is $25.27 and its 200-day simple moving average is $22.15. The company has a market cap of $1.99 billion, a PE ratio of 3.57 and a beta of 2.34. Triumph Group, Inc. has a 12-month low of $11.01 and a 12-month high of $25.75.

Insider Activity at Triumph Group

In other Triumph Group news, CAO Jennifer H. Allen sold 35,000 shares of the stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $25.32, for a total transaction of $886,200.00. Following the sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.31% of the stock is owned by 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.