Triumph Group, Inc. (NYSE:TGI) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its holdings in Triumph Group, Inc. (NYSE:TGI - Free Report) by 1,207.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 538,904 shares of the aerospace company's stock after purchasing an additional 497,684 shares during the quarter. JPMorgan Chase & Co. owned 0.70% of Triumph Group worth $6,946,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Quest Partners LLC purchased a new stake in shares of Triumph Group in the 2nd quarter valued at approximately $41,000. Texas Permanent School Fund Corp raised its position in Triumph Group by 20.8% in the second quarter. Texas Permanent School Fund Corp now owns 78,718 shares of the aerospace company's stock valued at $1,213,000 after purchasing an additional 13,547 shares during the period. Dimensional Fund Advisors LP lifted its stake in Triumph Group by 12.5% during 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 in the last quarter. First Eagle Investment Management LLC lifted its stake in Triumph Group by 11.2% during the second quarter. First Eagle Investment Management LLC now owns 698,712 shares of the aerospace company's stock worth $10,767,000 after purchasing an additional 70,500 shares in the last quarter. Finally, XTX Topco Ltd purchased a new position in shares of Triumph Group during the second quarter worth $689,000. Institutional investors and hedge funds own 94.53% of the company's stock.

Triumph Group Trading Down 0.1 %

Shares of TGI stock traded down $0.01 on Thursday, reaching $18.86. 589,559 shares of the stock were exchanged, compared to its average volume of 481,426. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of 2.77 and a beta of 2.53. The business's 50 day moving average price is $18.49 and its 200 day moving average price is $15.82. Triumph Group, Inc. has a twelve month low of $11.01 and a twelve month high of $19.71.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on TGI shares. Truist Financial increased their target price on Triumph Group from $18.00 to $19.00 and gave the stock a "hold" rating in a research note on Tuesday. StockNews.com upgraded shares of Triumph Group from a "sell" rating to a "hold" rating in a research note on Wednesday, November 20th. TD Cowen raised shares of Triumph Group to a "hold" rating in a research note on Thursday, December 19th. JPMorgan Chase & Co. downgraded shares of Triumph Group from a "neutral" rating to an "underweight" rating and cut their target price for the stock from $15.00 to $12.00 in a research note on Monday, October 14th. Finally, Barclays raised their price target on shares of Triumph Group from $16.00 to $21.00 and gave the company an "overweight" rating in a research report on Tuesday, November 19th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, Triumph Group has a consensus rating of "Hold" and an average target price of $16.78.

About Triumph Group

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.