Stock market today: S&P 500 drops for fifth day as focus shifts to Powell’s speech
Jennifer H. Allen, the Chief Administrative Officer, General Counsel, and Secretary of Triumph Group Inc (NYSE:TGI), recently sold a significant portion of her holdings in the company. According to a recent SEC filing, Allen sold 35,000 shares of common stock on March 13, 2025. The shares were sold at an average price of approximately $25.32, resulting in a total transaction value of $886,200. The transaction occurred as the stock trades near its 52-week high of $25.41, following an impressive 86% return over the past year. InvestingPro analysis indicates the stock is currently trading above its Fair Value.
Following this transaction, Allen still holds 51,696 shares of Triumph Group. The sale was executed in multiple transactions with prices ranging from $25.31 to $25.3276. Triumph Group, headquartered in Radnor, Pennsylvania, operates in the aircraft and parts industry. The company maintains a healthy current ratio of 2.5x and has generated revenues of $1.24 billion in the last twelve months. For deeper insights into insider trading patterns and 14+ additional ProTips, visit InvestingPro.
In other recent news, Triumph Group has announced its fiscal third-quarter earnings, reporting an EBITDA of $56 million, which exceeded both Wolfe Research’s and consensus estimates of $52 million. The company’s sales increased by 11% year-over-year to $316 million, surpassing projections by Wolfe Research and consensus figures. This financial performance comes amidst Triumph Group’s planned acquisition by private equity firms Warburg Pincus and Berkshire Partners, valued at $3 billion in an all-cash deal. The merger process took a step forward with the expiration of the Hart-Scott-Rodino Antitrust Improvements Act waiting period, clearing a regulatory hurdle.
Analysts have reacted to these developments, with Wolfe Research downgrading Triumph Group’s stock rating from ’Outperform’ to ’Peer Perform’ following the acquisition news. Truist Securities raised its price target for Triumph Group to $26, in line with the acquisition price, while maintaining a Hold rating. Similarly, Baird downgraded the stock from Outperform to Neutral but also increased the price target to $26, reflecting confidence in the acquisition’s completion. Triumph Group’s amendment to its Tax Benefits Preservation Plan, which extends its term to 2028, is designed to protect tax attributes, further aligning with the strategic merger plans. These recent developments highlight Triumph Group’s ongoing efforts to maintain shareholder value during this transition.
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