Fisher Asset Management LLC Raises Stock Holdings in Triumph Group, Inc. (NYSE:TGI)

Fisher Asset Management LLC lifted its holdings in Triumph Group, Inc. (NYSE:TGI - Free Report) by 17.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,829,860 shares of the aerospace company's stock after acquiring an additional 277,333 shares during the quarter. Fisher Asset Management LLC owned 2.37% of Triumph Group worth $34,145,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in TGI. State Street Corp raised its stake in shares of Triumph Group by 7.8% during 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. Assenagon Asset Management S.A. raised its position in Triumph Group by 124.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,318,285 shares of the aerospace company's stock valued at $43,259,000 after acquiring an additional 1,286,568 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Triumph Group by 8.1% in the third quarter. Geode Capital Management LLC now owns 1,732,791 shares of the aerospace company's stock valued at $22,340,000 after acquiring an additional 129,391 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its position in Triumph Group by 4.3% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 998,900 shares of the aerospace company's stock worth $12,876,000 after purchasing an additional 40,800 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Triumph Group by 4.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 679,993 shares of the aerospace company's stock worth $8,765,000 after purchasing an additional 26,969 shares during the period. Hedge funds and other institutional investors own 94.53% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on TGI. Wolfe Research downgraded shares of Triumph Group from an "outperform" rating to a "peer perform" rating in a research report on Monday, February 10th. Truist Financial upped their price objective on shares of Triumph Group from $19.00 to $26.00 and gave the stock a "hold" rating in a research report on Tuesday, February 4th. Baird R W cut shares of Triumph Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Barclays downgraded shares of Triumph Group from an "overweight" rating to an "equal weight" rating and upped their price target for the stock from $21.00 to $26.00 in a research report on Thursday, February 6th. Finally, Robert W. Baird reiterated a "neutral" rating and issued a $26.00 price objective (up from $20.00) on shares of Triumph Group in a report on Tuesday, February 4th. Two analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $18.78.

Triumph Group Stock Down 0.2 %

Shares of Triumph Group stock traded down $0.05 on Monday, hitting $25.33. 2,291,237 shares of the company were exchanged, compared to its average volume of 2,009,173. The company has a 50-day moving average price of $21.50 and a 200 day moving average price of $17.54. The stock has a market capitalization of $1.96 billion, a price-to-earnings ratio of 3.52 and a beta of 2.51. Triumph Group, Inc. has a 1-year low of $11.01 and a 1-year high of $25.41.

Triumph Group (NYSE:TGI - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The aerospace company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.24 by $0.03. Triumph Group had a negative return on equity of 55.18% and a net margin of 45.08%. Research analysts forecast that Triumph Group, Inc. will post 0.68 EPS for the current year.

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.