Nebula Research & Development LLC Acquires 33,717 Shares of Triumph Group, Inc. (NYSE:TGI)

Nebula Research & Development LLC raised its stake in Triumph Group, Inc. (NYSE:TGI) by 155.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 55,465 shares of the aerospace company’s stock after buying an additional 33,717 shares during the quarter. Nebula Research & Development LLC owned about 0.07% of Triumph Group worth $1,035,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Barclays PLC lifted its position in Triumph Group by 155.8% in the 3rd quarter. Barclays PLC now owns 148,530 shares of the aerospace company’s stock valued at $1,915,000 after acquiring an additional 90,456 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Triumph Group by 8.1% during the third quarter. Geode Capital Management LLC now owns 1,732,791 shares of the aerospace company’s stock worth $22,340,000 after buying an additional 129,391 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Triumph Group by 1,207.4% during the third quarter. JPMorgan Chase & Co. now owns 538,904 shares of the aerospace company’s stock worth $6,946,000 after buying an additional 497,684 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Triumph Group by 124.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,318,285 shares of the aerospace company’s stock worth $43,259,000 after buying an additional 1,286,568 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in Triumph Group by 18,544.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 256,554 shares of the aerospace company’s stock valued at $4,787,000 after acquiring an additional 255,178 shares in the last quarter. Institutional investors and hedge funds own 94.53% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on TGI. JPMorgan Chase & Co. raised shares of Triumph Group from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $17.00 to $26.00 in a research note on Tuesday, April 15th. Truist Financial lifted their price target on shares of Triumph Group from $19.00 to $26.00 and gave the company a “hold” rating in a research note on Tuesday, February 4th. Robert W. Baird restated a “neutral” rating and set a $26.00 price objective (up from $20.00) on shares of Triumph Group in a research note on Tuesday, February 4th. Baird R W downgraded Triumph Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Finally, Barclays cut Triumph Group from an “overweight” rating to an “equal weight” rating and increased their price target for the company from $21.00 to $26.00 in a research report on Thursday, February 6th. One research analyst has rated the stock with a sell rating and ten have issued a hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $20.63.

Insider Buying and Selling at Triumph Group

In other news, CAO Jennifer H. Allen sold 35,000 shares of the company’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 value of $886,200.00. Following the transaction, the chief accounting officer now owns 51,696 shares of the company’s stock, valued at approximately $1,308,942.72. This represents a 40.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.31% of the company’s stock.

Triumph Group Trading Up 0.2 %

Shares of NYSE TGI opened at $25.30 on Friday. Triumph Group, Inc. has a 12 month low of $11.01 and a 12 month high of $25.55. The stock has a 50 day moving average of $25.18 and a 200-day moving average of $20.89. The company has a market capitalization of $1.96 billion, a P/E ratio of 3.51 and a beta of 2.13.

Triumph Group (NYSE:TGI) last released its quarterly earnings data on Monday, February 10th. The aerospace company reported $0.27 EPS for the quarter, topping 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%. Analysts predict that Triumph Group, Inc. will post 0.68 EPS for the current fiscal year.

Triumph Group Company 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.