Principal Financial Group Inc. sells 3,726 shares of Triumph Group, Inc. (NYSE: TGI)


Principal Financial Group Inc. reduced its stake in Triumph Group, Inc. (NYSE: TGIGet a rating) by 0.9% during the first quarter, Holdings Channel.com reports. The institutional investor held 426,476 shares of the aerospace company after selling 3,726 shares during the quarter. Principal Financial Group Inc.’s holdings in Triumph Group were worth $10,781,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently changed their positions in TGI. One Fin Capital Management LP increased its position in Triumph Group by 3.0% in the fourth quarter. One Fin Capital Management LP now owns 463,400 shares of the aerospace company worth $8,587,000 after acquiring 13,400 additional shares in the last quarter. tru Independence LLC increased its equity stake in Triumph Group by 3.2% in Q1. tru Independence LLC now owns 241,808 shares of the aerospace company worth $6,113,000 after purchasing an additional 7,475 shares last quarter. AdvisorShares Investments LLC bought a new position in shares of Triumph Group during Q1 worth approximately $179,000. Rock Point Advisors LLC increased its holding in Triumph Group shares by 5.0% during the 4th quarter. Rock Point Advisors LLC now owns 298,998 shares of the aerospace company valued at $5,540,000 after buying an additional 14,326 shares last quarter. Finally, Advisor Group Holdings Inc. increased its position in Triumph Group by 4.9% in the 4th quarter. Advisor Group Holdings Inc. now owns 115,220 shares of the aerospace company worth $2,135,000 after buying an additional 5,422 shares in the last quarter. Hedge funds and other institutional investors own 95.71% of the company’s shares.

Insider buying and selling

In related news, director Neal J. Keating acquired 8,000 shares of Triumph Group shares in a trade on Friday, May 27. The shares were acquired at an average cost of $15.47 per share, with a total value of $123,760.00. Following the transaction, the administrator now owns 9,080 shares of the company, valued at $140,467.60. The transaction was disclosed in an SEC filing, which is available via this hyperlink. 1.90% of the shares are currently held by insiders.

Triumph Group Share Performance

NYSE TGI opened at $13.63 on Wednesday. Triumph Group, Inc. has a fifty-two week low of $11.47 and a fifty-two week high of $27.85. The stock has a market capitalization of $885.54 million, a P/E ratio of -38.94, a price-to-earnings growth ratio of 16.98 and a beta of 2.66. The stock has a 50-day simple moving average of $13.94 and a 200-day simple moving average of $19.09.

Analysts set new price targets

A number of brokerages have weighed in on TGI recently. Truist Financial lowered its price target on Triumph Group shares from $24.00 to $20.00 and set a “buy” rating for the company in a Tuesday, July 19 report. Robert W. Baird cut his price target on Triumph Group shares from $36.00 to $26.00 and set an “outperform” rating for the company in a Thursday, May 19 research report. StockNews.com moved the Triumph Group from a “hold” rating to a “sell” rating in a Thursday, August 4 research note. UBS Group lowered its target price on Triumph Group to $24.00 and set a “holding” rating for the company in a Thursday, May 19 research note. Finally, Barclays reduced its price target on Triumph Group from $20.00 to $13.00 in a research note on Tuesday, June 21. Two analysts gave the stock a sell rating, two gave the company a hold rating and three gave the company a buy rating. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $20.83.

Triumph Group Company Profile

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Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls and distributes aerostructures, aircraft components, accessories, sub-assemblies and systems worldwide. It operates in two segments, Triumph Systems & Support and Triumph Aerospace Structures. The Company offers aircraft and engine mounted accessory drives, thermal control systems and components, cargo hooks, high lift actuators, cockpit control levers, hydraulic systems and components, control system valves, landing gear actuation systems, electronic engine controls, landing gear components and assemblies, exhaust nozzles and ducts, main engine gearbox assemblies, gear transmissions and transmission components, main fuel pumps, fuel metering units, primary and secondary flight control systems and vibration dampers.

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Institutional ownership by quarter for Triumph Group (NYSE:TGI)



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