Raymond James Trust N.A. Lowers Stake in Triumph Group, Inc. (NYSE:TGI)

Posted by Defense World Staff on Apr 27th, 2023

Raymond James Trust N.A. lessened its position in shares of Triumph Group, Inc. (NYSE:TGI – Get Rating) by 8.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,300 shares of the aerospace company’s stock after selling 1,000 shares during the period. Raymond James Trust N.A.’s holdings in Triumph Group were worth $108,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. UBS Group AG grew its position in Triumph Group by 112.9% during the third quarter. UBS Group AG now owns 3,202 shares of the aerospace company’s stock valued at $27,000 after acquiring an additional 1,698 shares during the period. Point72 Hong Kong Ltd purchased a new stake in shares of Triumph Group during the 2nd quarter valued at about $53,000. Allspring Global Investments Holdings LLC lifted its position in Triumph Group by 121.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 7,249 shares of the aerospace company’s stock worth $62,000 after acquiring an additional 3,975 shares in the last quarter. Captrust Financial Advisors boosted its holdings in Triumph Group by 141.0% in the 1st quarter. Captrust Financial Advisors now owns 2,902 shares of the aerospace company’s stock worth $73,000 after acquiring an additional 1,698 shares during the period. Finally, Counterpoint Mutual Funds LLC purchased a new position in Triumph Group in the 4th quarter worth approximately $85,000. Hedge funds and other institutional investors own 97.16% of the company’s stock.

Triumph Group Trading Down 1.6 %

Triumph Group stock opened at $10.64 on Thursday. The stock has a market cap of $691.71 million, a P/E ratio of 7.65, a price-to-earnings-growth ratio of 7.62 and a beta of 2.61. The stock has a 50 day moving average of $11.50 and a 200-day moving average of $10.94. Triumph Group, Inc. has a 52 week low of $7.84 and a 52 week high of $24.00.

Triumph Group (NYSE:TGI – Get Rating) last released its earnings results on Wednesday, February 1st. The aerospace company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.11 by $0.01. The company had revenue of $328.86 million during the quarter, compared to analysts’ expectations of $308.13 million. Triumph Group had a negative return on equity of 6.20% and a net margin of 7.04%. The business’s revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.21 EPS. As a group, equities analysts predict that Triumph Group, Inc. will post 0.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TGI has been the subject of a number of analyst reports. The Goldman Sachs Group decreased their price target on Triumph Group from $14.00 to $12.00 and set a “neutral” rating for the company in a report on Wednesday, January 18th. Robert W. Baird cut Triumph Group from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $20.00 to $11.00 in a report on Friday, January 6th. Finally, StockNews.com initiated coverage on Triumph Group in a report on Thursday, March 16th. They issued a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Triumph Group presently has an average rating of “Hold” and an average target price of $13.83.

Insider Activity

In other Triumph Group news, CEO Daniel J. Crowley bought 3,982 shares of Triumph Group stock in a transaction dated Friday, March 10th. The stock was bought at an average cost of $11.28 per share, for a total transaction of $44,916.96. Following the purchase, the chief executive officer now owns 688,941 shares in the company, valued at approximately $7,771,254.48. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CEO Daniel J. Crowley purchased 3,982 shares of the company’s stock in a transaction that occurred on Friday, March 10th. The shares were acquired at an average cost of $11.28 per share, with a total value of $44,916.96. Following the transaction, the chief executive officer now owns 688,941 shares in the company, valued at approximately $7,771,254.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Daniel J. Crowley purchased 6,018 shares of the company’s stock in a transaction that occurred on Monday, March 13th. The shares were purchased at an average cost of $11.01 per share, for a total transaction of $66,258.18. Following the completion of the transaction, the chief executive officer now owns 694,959 shares in the company, valued at approximately $7,651,498.59. The disclosure for this purchase can be found here. In the last three months, insiders acquired 20,000 shares of company stock worth $220,475. 1.90% of the stock is currently owned by insiders.

About Triumph Group

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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.