Trade Alert: The Executive Vice President of the Aerospace Structures Of Triumph Group, Inc. (NYSE:TGI), Peter K. Wick, Has Sold Some Shares Recently

Anyone interested in Triumph Group, Inc. (NYSE:TGI) should probably be aware that the Executive Vice President of the Aerospace Structures, Peter K. Wick, recently divested US$155k worth of shares in the company, at an average price of US$14.98 each. In particular, we note that the sale equated to a 98% reduction in their position size, which doesn't exactly instill confidence.

See our latest analysis for Triumph Group

Triumph Group Insider Transactions Over The Last Year

In fact, the recent sale by Peter K. Wick was the biggest sale of Triumph Group shares made by an insider individual in the last twelve months, according to our records. So what is clear is that an insider saw fit to sell at around the current price of US$14.81. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.

You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

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Does Triumph Group Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Insiders own 1.1% of Triumph Group shares, worth about US$8.8m, according to our data. Whilst better than nothing, we're not overly impressed by these holdings.

What Might The Insider Transactions At Triumph Group Tell Us?

An insider hasn't bought Triumph Group stock in the last three months, but there was some selling. And even if we look at the last year, we didn't see any purchases. When you consider that most companies have higher levels of insider ownership, we're a little wary. So we're not rushing to buy, to say the least. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. To help with this, we've discovered 3 warning signs (1 can't be ignored!) that you ought to be aware of before buying any shares in Triumph Group.

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For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

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This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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