Insider Selling: Triumph Group, Inc. (NYSE:TGI) CAO Sells 35,000 Shares of Stock

Triumph Group, Inc. (NYSE:TGI) CAO Jennifer H. Allen sold 35,000 shares of the stock in a transaction 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 directly owns 51,696 shares in the company, valued at approximately $1,308,942.72. This trade represents a 40.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Triumph Group Trading Up 0.3 %

Shares of NYSE TGI opened at $25.41 on Friday. The company has a fifty day moving average price of $22.70 and a 200 day moving average price of $18.22. The firm has a market cap of $1.97 billion, a PE ratio of 3.53 and a beta of 2.52. Triumph Group, Inc. has a 1-year low of $11.01 and a 1-year high of $25.44.

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

Institutional Trading of Triumph Group

A number of hedge funds and other institutional investors have recently made changes to their positions in TGI. GSA Capital Partners LLP boosted its holdings in Triumph Group by 14.1% during the third quarter. GSA Capital Partners LLP now owns 26,374 shares of the aerospace company’s stock worth $340,000 after purchasing an additional 3,253 shares during the last quarter. Sasco Capital Inc. CT boosted its stake in shares of Triumph Group by 50.5% during the 3rd quarter. Sasco Capital Inc. CT now owns 71,473 shares of the aerospace company’s stock worth $921,000 after buying an additional 23,990 shares during the last quarter. Intech Investment Management LLC grew its holdings in shares of Triumph Group by 61.2% in the 3rd quarter. Intech Investment Management LLC now owns 34,152 shares of the aerospace company’s stock valued at $440,000 after acquiring an additional 12,965 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Triumph Group by 4.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 679,993 shares of the aerospace company’s stock valued at $8,765,000 after acquiring an additional 26,969 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its position in Triumph Group by 0.3% during the third quarter. Fisher Asset Management LLC now owns 1,552,527 shares of the aerospace company’s stock valued at $20,012,000 after purchasing an additional 5,377 shares during the last quarter. 94.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TGI has been the subject of a number of recent analyst reports. Baird R W downgraded Triumph Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 4th. Robert W. Baird reiterated a “neutral” rating and issued a $26.00 price target (up from $20.00) on shares of Triumph Group in a research report on Tuesday, February 4th. TD Cowen upgraded shares of Triumph Group to a “hold” rating in a report on Thursday, December 19th. Wolfe Research lowered shares of Triumph Group from an “outperform” rating to a “peer perform” rating in a report on Monday, February 10th. Finally, Barclays lowered shares of 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. Two research analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. Based on data from MarketBeat, Triumph Group presently has an average rating of “Hold” and an average price target of $18.78.

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.