Triumph Group, Inc. (NYSE:TGI) Shares Sold by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. lessened its position in Triumph Group, Inc. (NYSE:TGI) by 75.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 84,433 shares of the aerospace company’s stock after selling 252,871 shares during the period. D. E. Shaw & Co. Inc.’s holdings in Triumph Group were worth $1,576,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Deutsche Bank AG raised its position in shares of Triumph Group by 67.6% in the fourth quarter. Deutsche Bank AG now owns 62,168 shares of the aerospace company’s stock valued at $1,160,000 after buying an additional 25,075 shares during the last quarter. Brevan Howard Capital Management LP raised its position in shares of Triumph Group by 17.1% in the fourth quarter. Brevan Howard Capital Management LP now owns 12,306 shares of the aerospace company’s stock valued at $230,000 after buying an additional 1,798 shares during the last quarter. Jane Street Group LLC raised its position in shares of Triumph Group by 237.3% in the fourth quarter. Jane Street Group LLC now owns 122,139 shares of the aerospace company’s stock valued at $2,279,000 after buying an additional 85,933 shares during the last quarter. Northern Trust Corp raised its position in shares of Triumph Group by 9.3% in the fourth quarter. Northern Trust Corp now owns 789,407 shares of the aerospace company’s stock valued at $14,730,000 after buying an additional 67,204 shares during the last quarter. Finally, Tudor Investment Corp ET AL acquired a new position in shares of Triumph Group in the fourth quarter valued at approximately $1,202,000. Institutional investors and hedge funds own 94.53% of the company’s stock.

Insider Transactions at Triumph Group

In other news, CAO Jennifer H. Allen sold 35,000 shares of the stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $25.32, for a total value of $886,200.00. Following the completion of the sale, the chief accounting officer now owns 51,696 shares of the company’s stock, valued at $1,308,942.72. This represents a 40.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.31% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on TGI shares. Baird R W lowered shares of Triumph Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Wolfe Research lowered shares of Triumph Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, February 10th. Robert W. Baird reaffirmed a “neutral” rating and set a $26.00 price target (up previously from $20.00) on shares of Triumph Group in a research report on Tuesday, February 4th. StockNews.com began coverage on shares of Triumph Group in a research report on Tuesday. They set a “hold” rating for the company. Finally, Truist Financial upped their price target on shares of Triumph Group from $19.00 to $26.00 and gave the stock a “hold” rating in a research report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating and ten have given a hold rating to the stock. Based on data from MarketBeat.com, Triumph Group presently has an average rating of “Hold” and a consensus price target of $20.63.

Triumph Group Stock Down 0.0%

Triumph Group stock opened at $25.69 on Thursday. Triumph Group, Inc. has a 52-week low of $11.01 and a 52-week high of $25.75. The firm has a fifty day moving average of $25.28 and a 200-day moving average of $22.20. The firm has a market capitalization of $1.99 billion, a P/E ratio of 3.57 and a beta of 2.34.

Triumph Group 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.