1,652,975 Shares in Triumph Group, Inc. (NYSE:TGI) Bought by American Century Companies Inc.

American Century Companies Inc. purchased a new stake in shares of Triumph Group, Inc. (NYSE:TGI) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,652,975 shares of the aerospace company’s stock, valued at approximately $30,845,000. American Century Companies Inc. owned 2.14% of Triumph Group as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Centiva Capital LP bought a new stake in Triumph Group during the 3rd quarter valued at approximately $255,000. Cornerstone Wealth Management LLC raised its position 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. Intech Investment Management LLC lifted its holdings in shares of Triumph Group by 61.2% in the third quarter. Intech Investment Management LLC now owns 34,152 shares of the aerospace company’s stock worth $440,000 after buying an additional 12,965 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Triumph Group by 7.1% during the third quarter. The Manufacturers Life Insurance Company now owns 37,864 shares of the aerospace company’s stock worth $488,000 after acquiring an additional 2,524 shares during the last quarter. Finally, MetLife Investment Management LLC grew its stake in Triumph Group by 5.3% during the third quarter. MetLife Investment Management LLC now owns 40,780 shares of the aerospace company’s stock valued at $526,000 after acquiring an additional 2,043 shares in the last quarter. 94.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Triumph Group

In other Triumph Group news, CAO Jennifer H. Allen sold 35,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now owns 51,696 shares in the company, valued at $1,308,942.72. The trade was a 40.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.31% of the stock is currently owned by insiders.

Triumph Group Stock Performance

NYSE TGI opened at $25.44 on Friday. The business’s 50 day moving average price is $24.05 and its 200-day moving average price is $19.04. Triumph Group, Inc. has a fifty-two week low of $11.01 and a fifty-two week high of $25.52. The company has a market cap of $1.97 billion, a P/E ratio of 3.53 and a beta of 2.53.

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, beating analysts’ consensus estimates of $0.24 by $0.03. Triumph Group had a net margin of 45.08% and a negative return on equity of 55.18%. As a group, equities analysts predict that Triumph Group, Inc. will post 0.68 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have commented on the stock. StockNews.com started coverage on shares of Triumph Group in a report on Tuesday. They set a “hold” rating for the company. TD Cowen upgraded Triumph Group to a “hold” rating in a report on Thursday, December 19th. Barclays cut Triumph Group from an “overweight” rating to an “equal weight” rating and upped their price objective for the stock 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. Finally, Truist Financial boosted their price target on shares of Triumph Group from $19.00 to $26.00 and gave the stock a “hold” rating in a research report on Tuesday, February 4th. Two investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. Based on data from MarketBeat.com, Triumph Group presently has a consensus rating of “Hold” and a consensus price target of $18.88.

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.