Old West Investment Management LLC Increases Position in Triumph Group, Inc. (NYSE:TGI)

Old West Investment Management LLC increased its stake in shares of Triumph Group, Inc. (NYSE:TGI) by 5.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 44,942 shares of the aerospace company’s stock after buying an additional 2,516 shares during the period. Old West Investment Management LLC owned about 0.06% of Triumph Group worth $839,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Cornerstone Wealth Management LLC boosted its stake in shares of Triumph Group by 3.8% during the 4th quarter. Cornerstone Wealth Management LLC now owns 15,964 shares of the aerospace company’s stock worth $298,000 after acquiring an additional 580 shares in the last quarter. MetLife Investment Management LLC boosted its position 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 worth $526,000 after purchasing an additional 2,043 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in Triumph Group by 7.1% in the third quarter. The Manufacturers Life Insurance Company now owns 37,864 shares of the aerospace company’s stock valued at $488,000 after purchasing an additional 2,524 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Triumph Group by 2.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 162,773 shares of the aerospace company’s stock valued at $2,098,000 after buying an additional 3,995 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Triumph Group by 2.9% during the 4th quarter. Principal Financial Group Inc. now owns 374,896 shares of the aerospace company’s stock worth $6,996,000 after buying an additional 10,629 shares during the last quarter. 94.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. StockNews.com initiated coverage on shares of Triumph Group in a report on Wednesday. They issued a “hold” rating on the stock. Wolfe Research lowered Triumph Group from an “outperform” rating to a “peer perform” rating in a research note on Monday, February 10th. Robert W. Baird reissued a “neutral” rating and set a $26.00 price target (up previously from $20.00) on shares of Triumph Group in a research report on Tuesday, February 4th. Baird R W downgraded shares of Triumph Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 4th. Finally, TD Cowen upgraded shares of Triumph Group to a “hold” rating in a research report on Thursday, December 19th. Two research analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $18.88.

Insider Activity at Triumph Group

In other 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 value of $886,200.00. Following the completion of the sale, the chief accounting officer now owns 51,696 shares in the company, valued at approximately $1,308,942.72. This trade represents a 40.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.31% of the stock is owned by insiders.

Triumph Group Price Performance

NYSE TGI opened at $25.07 on Friday. Triumph Group, Inc. has a 1-year low of $11.01 and a 1-year high of $25.55. The firm has a market capitalization of $1.94 billion, a P/E ratio of 3.48 and a beta of 2.53. The business’s 50-day simple moving average is $24.68 and its 200-day simple moving average is $19.47.

Triumph Group (NYSE:TGI) last announced its quarterly earnings results 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%. On average, equities research analysts expect that Triumph Group, Inc. will post 0.68 EPS for the current fiscal year.

About Triumph Group

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.