Dana Investment Advisors Inc. Cuts Stock Position in Triumph Group, Inc. (NYSE:TGI)

Dana Investment Advisors Inc. trimmed its holdings in Triumph Group, Inc. (NYSE:TGI) by 5.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 334,511 shares of the aerospace company’s stock after selling 19,287 shares during the period. Dana Investment Advisors Inc.’s holdings in Triumph Group were worth $6,242,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Assenagon Asset Management S.A. lifted its holdings in Triumph Group by 124.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,318,285 shares of the aerospace company’s stock worth $43,259,000 after purchasing an additional 1,286,568 shares in the last quarter. Barclays PLC raised its position in shares of Triumph Group by 155.8% during the third quarter. Barclays PLC now owns 148,530 shares of the aerospace company’s stock valued at $1,915,000 after buying an additional 90,456 shares during the last quarter. JPMorgan Chase & Co. raised its position 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 valued at $6,946,000 after buying an additional 497,684 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Triumph Group by 8.1% in 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 in the last quarter. Finally, BNP Paribas Financial Markets boosted its position in shares of Triumph Group by 13.4% during the third quarter. BNP Paribas Financial Markets now owns 449,792 shares of the aerospace company’s stock worth $5,798,000 after acquiring an additional 53,092 shares during the last quarter. Institutional investors own 94.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on TGI shares. Robert W. Baird reiterated a “neutral” rating and issued a $26.00 price target (up previously from $20.00) on shares of Triumph Group in a research note on Tuesday, February 4th. TD Cowen upgraded Triumph Group to a “hold” rating in a research report on Thursday, December 19th. Baird R W cut Triumph Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 4th. StockNews.com initiated coverage on shares of Triumph Group in a research report on Saturday, March 1st. They set a “hold” rating on the stock. Finally, Barclays downgraded Triumph Group from an “overweight” rating to an “equal weight” rating and upped their price objective for the company from $21.00 to $26.00 in a research report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. According to data from MarketBeat.com, Triumph Group presently has an average rating of “Hold” and an average target price of $18.78.

Triumph Group Stock Performance

Shares of NYSE TGI opened at $25.27 on Friday. Triumph Group, Inc. has a fifty-two week low of $11.01 and a fifty-two week high of $25.41. The company has a market cap of $1.96 billion, a price-to-earnings ratio of 3.51 and a beta of 2.51. The business’s 50 day moving average price is $21.77 and its 200-day moving average price is $17.68.

Triumph Group (NYSE:TGI) last released its earnings results on Monday, February 10th. The aerospace company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. Triumph Group had a negative return on equity of 55.18% and a net margin of 45.08%. Sell-side analysts predict that Triumph Group, Inc. will post 0.68 earnings per share for the current 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.