Barclays PLC Boosts Stock Position in Triumph Group, Inc. (NYSE:TGI)

Barclays PLC lifted its holdings in shares of Triumph Group, Inc. (NYSE:TGI - Free Report) by 155.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 148,530 shares of the aerospace company's stock after acquiring an additional 90,456 shares during the period. Barclays PLC owned approximately 0.19% of Triumph Group worth $1,915,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. SG Americas Securities LLC increased its holdings in Triumph Group by 199.0% during the 3rd quarter. SG Americas Securities LLC now owns 67,719 shares of the aerospace company's stock worth $873,000 after purchasing an additional 45,074 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of Triumph Group by 13.4% during the third 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 during the last quarter. Jade Capital Advisors LLC grew its holdings 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 worth $2,084,000 after buying an additional 96,662 shares in the last quarter. State Street Corp raised its position in Triumph Group by 7.8% in the 3rd quarter. State Street Corp now owns 4,447,835 shares of the aerospace company's stock valued at $57,333,000 after buying an additional 322,048 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its stake in Triumph Group by 1,189.0% during the 3rd 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 in the last quarter. Institutional investors and hedge funds own 94.53% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on TGI shares. JPMorgan Chase & Co. downgraded shares of Triumph Group from a "neutral" rating to an "underweight" rating and lowered their target price for the company from $15.00 to $12.00 in a report on Monday, October 14th. TD Cowen raised shares of Triumph Group to a "hold" rating in a research report on Thursday, December 19th. Truist Financial upped their target price on Triumph Group from $12.00 to $18.00 and gave the company a "hold" rating in a report on Wednesday, November 13th. Barclays increased their price target on Triumph Group from $16.00 to $21.00 and gave the company an "overweight" rating in a research report on Tuesday, November 19th. Finally, StockNews.com raised Triumph Group from a "sell" rating to a "hold" rating in a research report on Wednesday, November 20th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $16.67.

Triumph Group Trading Down 1.1 %

Shares of TGI stock traded down $0.20 on Friday, hitting $18.75. 530,526 shares of the stock were exchanged, compared to its average volume of 858,439. The firm's 50 day moving average is $17.45 and its two-hundred day moving average is $15.47. Triumph Group, Inc. has a one year low of $11.01 and a one year high of $19.71. The firm has a market capitalization of $1.45 billion, a PE ratio of 2.75 and a beta of 2.52.

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.