Triumph Group, Inc. (NYSE:TGI) CEO Daniel J. Crowley Buys 6,018 Shares of Stock

Posted by on Mar 15th, 2023

Triumph Group, Inc. (NYSE:TGI – Get Rating) CEO Daniel J. Crowley purchased 6,018 shares of Triumph Group stock in a transaction dated Monday, March 13th. The shares were acquired at an average cost of $11.01 per share, with a total value of $66,258.18. Following the transaction, the chief executive officer now directly owns 694,959 shares in the company, valued at $7,651,498.59. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Triumph Group Trading Up 0.2 %

Shares of NYSE:TGI opened at $10.89 on Wednesday. The stock has a 50 day moving average of $11.52 and a 200 day moving average of $10.89. The company has a market cap of $707.96 million, a PE ratio of 7.83, a price-to-earnings-growth ratio of 7.01 and a beta of 2.64. Triumph Group, Inc. has a 12-month low of $7.84 and a 12-month high of $27.85.

Triumph Group (NYSE:TGI – Get Rating) last posted its quarterly earnings results on Wednesday, February 1st. The aerospace company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.01. Triumph Group had a negative return on equity of 6.20% and a net margin of 7.04%. The business had revenue of $328.86 million during the quarter, compared to the consensus estimate of $308.13 million. During the same period in the prior year, the company posted $0.21 EPS. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. Equities research analysts predict that Triumph Group, Inc. will post 0.62 earnings per share for the current fiscal year.

Institutional Trading of Triumph Group

Several hedge funds and other institutional investors have recently bought and sold shares of TGI. Nuveen Asset Management LLC increased its stake in Triumph Group by 349.4% in the third quarter. Nuveen Asset Management LLC now owns 1,104,905 shares of the aerospace company’s stock worth $9,491,000 after purchasing an additional 859,022 shares during the period. Millennium Management LLC increased its stake in Triumph Group by 114.4% in the second quarter. Millennium Management LLC now owns 1,550,919 shares of the aerospace company’s stock worth $20,612,000 after purchasing an additional 827,604 shares during the period. Fisher Asset Management LLC purchased a new stake in Triumph Group in the fourth quarter worth $8,632,000. State Street Corp increased its stake in Triumph Group by 21.5% in the first quarter. State Street Corp now owns 3,908,637 shares of the aerospace company’s stock worth $98,810,000 after purchasing an additional 690,551 shares during the period. Finally, BlackRock Inc. increased its stake in Triumph Group by 6.6% in the first quarter. BlackRock Inc. now owns 10,335,027 shares of the aerospace company’s stock worth $261,270,000 after purchasing an additional 640,237 shares during the period. Hedge funds and other institutional investors own 97.16% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on TGI. Robert W. Baird lowered shares of Triumph Group from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $20.00 to $11.00 in a research report on Friday, January 6th. The Goldman Sachs Group cut their price objective on Triumph Group from $14.00 to $12.00 and set a “neutral” rating for the company in a research note on Wednesday, January 18th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $13.83.

Triumph Group Company Profile

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Triumph Group, Inc engages in the designing, engineering, manufacturing, repairing and overhauling of aerospace and defense systems, components and structures. It operates through the following three segments: Triumph Integrated Systems, Triumph Aerospace Structures and Triumph Product Support. The Triumph Integrated Systems segment engages in designing, development and supporting proprietary components, subsystems and systems, as well as production of complex assemblies using external designs.

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