BNP Paribas Financial Markets Boosts Stock Holdings in Triumph Group, Inc. (NYSE:TGI)

BNP Paribas Financial Markets increased its stake in shares of Triumph Group, Inc. (NYSE:TGI - Free Report) by 13.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 449,792 shares of the aerospace company's stock after acquiring an additional 53,092 shares during the quarter. BNP Paribas Financial Markets owned about 0.58% of Triumph Group worth $5,798,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TGI. Assenagon Asset Management S.A. lifted its position in Triumph Group by 58.9% during the second quarter. Assenagon Asset Management S.A. now owns 428,650 shares of the aerospace company's stock valued at $6,605,000 after purchasing an additional 158,893 shares during the last quarter. SG Americas Securities LLC lifted its position in Triumph Group by 199.0% during the third quarter. SG Americas Securities LLC now owns 67,719 shares of the aerospace company's stock valued at $873,000 after purchasing an additional 45,074 shares during the last quarter. Jade Capital Advisors LLC lifted its position in Triumph Group by 148.7% during the third quarter. Jade Capital Advisors LLC now owns 161,662 shares of the aerospace company's stock valued at $2,084,000 after purchasing an additional 96,662 shares during the last quarter. CWM LLC lifted its position in Triumph Group by 473.7% during the second quarter. CWM LLC now owns 5,146 shares of the aerospace company's stock valued at $79,000 after purchasing an additional 4,249 shares during the last quarter. Finally, International Assets Investment Management LLC raised its stake in shares of Triumph Group by 1,189.0% in the third quarter. International Assets Investment Management LLC now owns 10,312 shares of the aerospace company's stock valued at $133,000 after acquiring an additional 9,512 shares during the period. Institutional investors own 94.53% of the company's stock.

Triumph Group Price Performance

NYSE TGI traded up $0.10 during trading on Wednesday, reaching $19.05. 195,617 shares of the company's stock traded hands, compared to its average volume of 871,435. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of 2.78 and a beta of 2.52. The company's 50 day simple moving average is $15.60 and its two-hundred day simple moving average is $14.96. Triumph Group, Inc. has a 12-month low of $11.01 and a 12-month high of $19.71.

Analyst Upgrades and Downgrades

TGI has been the topic of several recent analyst reports. Barclays increased their target price on shares of Triumph Group from $16.00 to $21.00 and gave the company an "overweight" rating in a research note on Tuesday, November 19th. TD Cowen increased their target price on shares of Triumph Group from $14.00 to $20.00 and gave the company a "hold" rating in a research note on Wednesday, November 13th. Truist Financial increased their target price on shares of Triumph Group from $12.00 to $18.00 and gave the company a "hold" rating in a research note on Wednesday, November 13th. The Goldman Sachs Group downgraded shares of Triumph Group from a "buy" rating to a "neutral" rating and reduced their target price for the company from $19.00 to $15.00 in a research note on Tuesday, August 13th. Finally, StockNews.com raised shares of Triumph Group from a "sell" rating to a "hold" rating in a research note on Wednesday, November 20th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $16.67.

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.