Lathrop Investment Management Corp Trims Stake in Triumph Group, Inc. (NYSE:TGI)

Lathrop Investment Management Corp lowered its holdings in Triumph Group, Inc. (NYSE:TGI) by 2.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 154,181 shares of the aerospace company’s stock after selling 3,640 shares during the quarter. Lathrop Investment Management Corp owned 0.20% of Triumph Group worth $2,556,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Russell Investments Group Ltd. raised its position in Triumph Group by 6.1% in the fourth quarter. Russell Investments Group Ltd. now owns 50,052 shares of the aerospace company’s stock valued at $830,000 after purchasing an additional 2,898 shares during the period. Semanteon Capital Management LP purchased a new stake in Triumph Group in the fourth quarter valued at $386,000. Signaturefd LLC raised its position in Triumph Group by 298.4% in the fourth quarter. Signaturefd LLC now owns 2,506 shares of the aerospace company’s stock valued at $42,000 after purchasing an additional 1,877 shares during the period. Federated Hermes Inc. purchased a new stake in Triumph Group in the fourth quarter valued at $3,878,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Triumph Group by 103.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,604 shares of the aerospace company’s stock valued at $325,000 after buying an additional 9,963 shares during the period. Hedge funds and other institutional investors own 94.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on TGI shares. The Goldman Sachs Group boosted their price objective on Triumph Group from $18.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Truist Financial boosted their target price on Triumph Group from $17.00 to $27.00 and gave the stock a “buy” rating in a research note on Wednesday, January 10th. Barclays raised Triumph Group from an “equal weight” rating to an “overweight” rating and set a $20.00 target price for the company in a report on Friday, January 5th. JPMorgan Chase & Co. raised Triumph Group from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $13.00 to $17.00 in a report on Monday, April 15th. Finally, Wolfe Research raised Triumph Group from a “peer perform” rating to an “outperform” rating and set a $18.00 target price for the company in a report on Thursday, March 28th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.63.

Insider Transactions at Triumph Group

In other Triumph Group news, Director Neal J. Keating bought 7,200 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was acquired at an average cost of $14.53 per share, with a total value of $104,616.00. Following the purchase, the director now owns 58,987 shares in the company, valued at approximately $857,081.11. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 2.40% of the company’s stock.

Triumph Group Stock Up 1.8 %

TGI traded up $0.24 on Friday, hitting $13.66. 403,350 shares of the company traded hands, compared to its average volume of 504,816. The company has a 50 day moving average of $14.06 and a 200-day moving average of $12.96. The stock has a market capitalization of $1.05 billion, a PE ratio of -20.07, a PEG ratio of 7.44 and a beta of 2.58. Triumph Group, Inc. has a 12-month low of $7.00 and a 12-month high of $17.27.

Triumph Group (NYSE:TGI) last posted its quarterly earnings data on Wednesday, February 7th. The aerospace company reported ($0.16) EPS for the quarter, missing the consensus estimate of $0.14 by ($0.30). The company had revenue of $285.00 million for the quarter, compared to analysts’ expectations of $367.96 million. Triumph Group had a negative net margin of 3.49% and a negative return on equity of 2.15%. The firm’s revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.12 earnings per share. On average, research analysts anticipate that Triumph Group, Inc. will post -0.43 EPS for the current year.

Triumph Group Profile

Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls, and distributes aerostructures, 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, exhaust nozzles and ducting, 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.