Point72 Asset Management L.P. Decreases Stock Holdings in Triumph Group, Inc. (NYSE:TGI)

Point72 Asset Management L.P. lessened its holdings in Triumph Group, Inc. (NYSE:TGI - Free Report) by 26.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,112,112 shares of the aerospace company's stock after selling 404,595 shares during the quarter. Point72 Asset Management L.P. owned about 1.44% of Triumph Group worth $14,335,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Assenagon Asset Management S.A. boosted its holdings in shares of 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 valued at $13,299,000 after acquiring an additional 603,067 shares during the last quarter. Marshall Wace LLP grew its position in Triumph Group by 318.2% during the 2nd quarter. Marshall Wace LLP now owns 324,778 shares of the aerospace company's stock worth $5,005,000 after purchasing an additional 247,117 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of Triumph Group by 85,638.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 187,768 shares of the aerospace company's stock valued at $2,894,000 after buying an additional 187,549 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Triumph Group by 78.5% during the 2nd quarter. AQR Capital Management LLC now owns 361,976 shares of the aerospace company's stock valued at $5,578,000 after buying an additional 159,154 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Triumph Group by 12.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,054,841 shares of the aerospace company's stock valued at $16,254,000 after buying an additional 116,900 shares during the period. 94.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on TGI. Bank of America cut Triumph Group from a "buy" rating to an "underperform" rating and reduced their price target for the company from $17.00 to $12.00 in a research report on Tuesday, September 24th. JPMorgan Chase & Co. cut shares of Triumph Group from a "neutral" rating to an "underweight" rating and decreased their target price for the company from $15.00 to $12.00 in a research note on Monday, October 14th. Truist Financial raised their price target on shares of Triumph Group from $12.00 to $18.00 and gave the company a "hold" rating in a research report on Wednesday, November 13th. The Goldman Sachs Group downgraded shares of Triumph Group from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $19.00 to $15.00 in a research report on Tuesday, August 13th. Finally, TD Cowen raised their target price on Triumph Group from $14.00 to $20.00 and gave the company a "hold" rating in a research report on Wednesday, November 13th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $16.67.

Triumph Group Trading Up 1.0 %

NYSE:TGI traded up $0.19 during trading hours on Friday, hitting $19.00. 459,470 shares of the stock were exchanged, compared to its average volume of 839,774. The firm's fifty day moving average price is $15.98 and its 200 day moving average price is $15.05. Triumph Group, Inc. has a 52-week low of $11.01 and a 52-week high of $19.71. The company has a market cap of $1.47 billion, a P/E ratio of 2.79 and a beta of 2.52.

Triumph Group Company 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.