Jefferies Financial Group Inc. Increases Stock Position in Triumph Group, Inc. (NYSE:TGI)

Jefferies Financial Group Inc. increased its stake in shares of Triumph Group, Inc. (NYSE:TGI) by 0.0% in the 4th quarter, Holdings Channel reports. The firm owned 2,437,013 shares of the aerospace company’s stock after buying an additional 538 shares during the period. Jefferies Financial Group Inc.’s holdings in Triumph Group were worth $45,475,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. American Century Companies Inc. purchased a new stake in shares of Triumph Group during the 4th quarter valued at about $30,845,000. Assenagon Asset Management S.A. increased its holdings in Triumph Group by 124.7% during the fourth 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. Norges Bank bought a new position in Triumph Group in the fourth quarter worth approximately $15,945,000. First Trust Advisors LP grew its position in shares of Triumph Group by 59.6% during the 4th quarter. First Trust Advisors LP now owns 1,702,245 shares of the aerospace company’s stock valued at $31,764,000 after acquiring an additional 635,568 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of Triumph Group by 1,207.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 538,904 shares of the aerospace company’s stock worth $6,946,000 after purchasing an additional 497,684 shares in the last quarter. Institutional investors own 94.53% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on TGI shares. 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. Baird R W lowered shares of Triumph Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 4th. Wolfe Research downgraded shares of Triumph Group from an “outperform” rating to a “peer perform” rating in a report on Monday, February 10th. JPMorgan Chase & Co. raised shares of Triumph Group from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $17.00 to $26.00 in a research note on Tuesday, April 15th. Finally, Robert W. Baird restated 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 given a hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $20.63.

Insiders Place Their Bets

In related news, CAO Jennifer H. Allen sold 35,000 shares of the stock in a transaction dated 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 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.31% of the company’s stock.

Triumph Group Trading Down 0.0 %

Shares of TGI stock opened at $25.60 on Friday. The stock’s 50-day moving average price is $25.22 and its 200-day moving average price is $21.62. Triumph Group, Inc. has a 12-month low of $11.01 and a 12-month high of $25.65. The stock has a market capitalization of $1.98 billion, a price-to-earnings ratio of 3.56 and a beta of 2.34.

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

Triumph Group Company 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.