Allspring Global Investments Holdings LLC Exits Stake in Triumph Group, with 5461 Share Sale

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Triumph Group ($NYSE:TGI), Inc., a diversified global manufacturer of aerospace and defense systems and components, recently had 5461 of its shares sold by Allspring Global Investments Holdings LLC. TRIUMPH GROUP is an innovative aerospace and defense organization with a global footprint. They specialize in the design, engineering, manufacture and maintenance of aircraft components, accessories and systems. The company works with numerous customers across the aerospace and defense markets such as Airbus, Boeing, Lockheed Martin, Northrop Grumman and Sikorsky. Their product portfolio consists of electric systems, fuel and hydraulic systems, interior and cabin systems for aircrafts as well as missile systems and components.

The recent divestment from Allspring Global Investments Holdings LLC is proof of the continued demand for TRIUMPH GROUP’s products and services among investors. The strong financial performance of the company and its future outlook have made the stock highly attractive for investors. As such, this divestment seems to be a strategic move to capitalize on the current market conditions and maximize returns for Allspring Global Investments Holdings LLC.

Share Price

On Monday, Allspring Global Investments Holdings LLC announced the sale of its 5461 shares in TRIUMPH GROUP, Inc. at a total value of $10.5 per share. This was higher than the $10.2 opening price for TRIUMPH GROUP stock on Monday, resulting in a 3.0% increase from the previous closing price. Following the news, TRIUMPH GROUP shares rose in price as investors reacted positively to the news. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Triumph Group. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Triumph Group. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Triumph Group. More…

Key Ratios Snapshot

Some of the financial key ratios for Triumph Group are shown below. More…

Analysis

At GoodWhale, we recently conducted an analysis of TRIUMPH GROUP‘s financials and found that it has a low health score of 2/10 with regard to its cashflows and debt, indicating that it is less likely to pay off debt and fund future operations. TRIUMPH GROUP is classified as ‘sloth’, a type of company that we conclude has achieved revenue or earnings growth slower than the overall economy. Therefore, investors who are looking for slow and steady returns may be interested in investing in TRIUMPH GROUP. Our analysis also showed that TRIUMPH GROUP is strong in profitability, medium in asset, dividend and growth. Generally, TRIUMPH GROUP’s financials are not robust and the company may have difficulty paying off its debts. As such, investors should proceed with caution when considering investing in TRIUMPH GROUP. More…

Peers

Their primary competitors include TAT Technologies Ltd, Montana Aerospace AG, and Curtiss-Wright Corp. All four of these companies specialize in providing innovative solutions to the aerospace and defense industries.

– TAT Technologies Ltd ($NASDAQ:TATT)

TAT Technologies Ltd is a leading global provider of services and products to the commercial and military aerospace and ground defense industries. The company has a market capitalization of 49.96M as of 2022. This market cap is a measure of the company’s total value and is calculated by multiplying its share price by the number of its outstanding shares. The company’s return on equity (ROE) for 2022 was -3.59%. This shows that the company’s management has been unsuccessful in generating profits from its investors’ capital. TAT Technologies Ltd focuses on providing solutions for aircraft maintenance, repair and overhaul (MRO), as well as production of heat transfer solutions and other related products.

– Montana Aerospace AG ($LTS:0AAI)

Montana Aerospace AG is a technology company based in Switzerland that specializes in aerospace components and systems. The company has a market cap of 882.67M as of 2022, which is a testament to its success, as it ranks among the top aerospace companies in the world. Montana Aerospace AG has also been able to maintain a negative Return on Equity (ROE) of -2.36%, indicating that the company is not utilizing its assets and equity efficiently. This is a sign of potential financial distress, as the company may not be able to generate enough returns to cover its costs and make profits. However, the company remains well-positioned to benefit from the growing aerospace industry.

– Curtiss-Wright Corp ($NYSE:CW)

Curtiss-Wright Corp is a US-based aerospace and defense company that provides highly engineered products and services to the global aerospace, defense, power generation and general industrial markets. As of 2022, the company has a market cap of 6.35B and a return on equity of 12.86%. The company has a strong track record of delivering superior returns for shareholders, and its success is reflected in its market capitalization. Curtiss-Wright is well positioned to continue to capitalize on the opportunities presented by the global aerospace and defense industry, as well as the broader industrial markets.

Summary

Triumph Group, Inc. is a global aerospace and defense supplier of engineered products and systems. Recently, Allspring Global Investments Holdings LLC sold 5461 shares of the company’s stock, and the price of the stock moved up the same day. This could be an indication that investors see potential in Triumph Group, Inc. and are confident in its current performance and future prospects. Analysts suggest that investors should consider the company’s financial health, competitive landscape, and the long term prospects of the industry when deciding whether or not to invest in Triumph Group, Inc.

Additionally, investors should pay attention to the company’s dividend payouts, as these can provide a steady stream of income over time. Finally, investors should consider their own risk tolerances when making investment decisions related to Triumph Group, Inc.