Assenagon Asset Management S.A. Has $43.26 Million Holdings in Triumph Group, Inc. (NYSE:TGI)

Assenagon Asset Management S.A. grew its stake in Triumph Group, Inc. (NYSE:TGI - Free Report) by 124.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,318,285 shares of the aerospace company's stock after purchasing an additional 1,286,568 shares during the quarter. Assenagon Asset Management S.A. owned about 3.00% of Triumph Group worth $43,259,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Barclays PLC grew its holdings in Triumph Group by 155.8% during the third quarter. Barclays PLC now owns 148,530 shares of the aerospace company's stock valued at $1,915,000 after purchasing an additional 90,456 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Triumph Group by 1,207.4% during the third quarter. JPMorgan Chase & Co. now owns 538,904 shares of the aerospace company's stock worth $6,946,000 after purchasing an additional 497,684 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Triumph Group by 8.1% during the third quarter. Geode Capital Management LLC now owns 1,732,791 shares of the aerospace company's stock worth $22,340,000 after purchasing an additional 129,391 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Triumph Group by 199.0% in the 3rd quarter. SG Americas Securities LLC now owns 67,719 shares of the aerospace company's stock valued at $873,000 after buying an additional 45,074 shares during the period. Finally, BNP Paribas Financial Markets increased its position in shares of Triumph Group by 13.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 449,792 shares of the aerospace company's stock valued at $5,798,000 after buying an additional 53,092 shares in the last quarter. 94.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on TGI. Bank of America cut Triumph Group from a "buy" rating to an "underperform" rating and decreased their target price for the company from $17.00 to $12.00 in a research note on Tuesday, September 24th. TD Cowen upgraded Triumph Group to a "hold" rating in a research report on Thursday, December 19th. JPMorgan Chase & Co. cut Triumph Group from a "neutral" rating to an "underweight" rating and lowered their target price for the stock from $15.00 to $12.00 in a research note on Monday, October 14th. Barclays lifted their price target 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. Finally, StockNews.com raised shares of Triumph Group from a "sell" rating to a "hold" rating in a research report on Wednesday, November 20th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $16.38.

Triumph Group Price Performance

Shares of TGI traded up $0.16 during mid-day trading on Friday, hitting $19.06. 1,810,844 shares of the company's stock were exchanged, compared to its average volume of 604,040. The company has a 50-day simple moving average of $18.56 and a 200 day simple moving average of $15.84. The company has a market cap of $1.47 billion, a PE ratio of 2.80 and a beta of 2.53. Triumph Group, Inc. has a 52 week low of $11.01 and a 52 week high of $19.71.

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.