Healthcare of Ontario Pension Plan Trust Fund Grows Stake in Triumph Group, Inc. (NYSE:TGI)

Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Triumph Group, Inc. (NYSE:TGI - Free Report) by 4.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 998,900 shares of the aerospace company's stock after buying an additional 40,800 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned approximately 1.29% of Triumph Group worth $12,876,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of TGI. Fisher Asset Management LLC boosted its holdings in shares of Triumph Group by 0.3% during the 3rd quarter. Fisher Asset Management LLC now owns 1,552,527 shares of the aerospace company's stock valued at $20,012,000 after acquiring an additional 5,377 shares during the last quarter. Point72 Asset Management L.P. lifted its position in Triumph Group by 12.5% during the second quarter. Point72 Asset Management L.P. now owns 1,516,707 shares of the aerospace company's stock valued at $23,372,000 after purchasing an additional 168,607 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Triumph Group by 12.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,054,841 shares of the aerospace company's stock worth $16,254,000 after purchasing an additional 116,900 shares during the last quarter. Assenagon Asset Management S.A. grew its position in Triumph Group by 140.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,031,717 shares of the aerospace company's stock worth $13,299,000 after purchasing an additional 603,067 shares during the period. Finally, First Eagle Investment Management LLC raised its stake in Triumph Group by 11.2% during the 2nd quarter. First Eagle Investment Management LLC now owns 698,712 shares of the aerospace company's stock valued at $10,767,000 after buying an additional 70,500 shares during the last quarter. 94.53% of the stock is currently owned by institutional investors.

Triumph Group Stock Performance

Shares of TGI traded up $0.50 during mid-day trading on Friday, reaching $19.27. The stock had a trading volume of 299,698 shares, compared to its average volume of 873,294. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of 2.80 and a beta of 2.48. Triumph Group, Inc. has a 12 month low of $10.72 and a 12 month high of $19.71. The business has a fifty day moving average of $15.25 and a 200 day moving average of $14.87.

Analysts Set New Price Targets

TGI has been the topic of a number of research reports. The Goldman Sachs Group downgraded Triumph Group from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $19.00 to $15.00 in a research note on Tuesday, August 13th. JPMorgan Chase & Co. downgraded Triumph Group from a "neutral" rating to an "underweight" rating and cut their price target for the company from $15.00 to $12.00 in a research note on Monday, October 14th. StockNews.com upgraded shares of Triumph Group from a "sell" rating to a "hold" rating in a research note on Wednesday, November 20th. Bank of America lowered shares of Triumph Group from a "buy" rating to an "underperform" rating and cut their target price for the company from $17.00 to $12.00 in a research report on Tuesday, September 24th. Finally, Truist Financial lifted their price target on shares of Triumph Group from $12.00 to $18.00 and gave the stock a "hold" rating in a research note on Wednesday, November 13th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target 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.