State Street Corp Has $57.33 Million Stock Holdings in Triumph Group, Inc. (NYSE:TGI)

State Street Corp grew its holdings in Triumph Group, Inc. (NYSE:TGI - Free Report) by 7.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,447,835 shares of the aerospace company's stock after buying an additional 322,048 shares during the quarter. State Street Corp owned about 5.75% of Triumph Group worth $57,333,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of TGI. Quest Partners LLC purchased a new stake in shares of Triumph Group in the second quarter valued at about $41,000. Canada Pension Plan Investment Board acquired a new stake in Triumph Group during the 2nd quarter valued at $125,000. International Assets Investment Management LLC increased its position in Triumph Group by 1,189.0% during the third quarter. International Assets Investment Management LLC now owns 10,312 shares of the aerospace company's stock worth $133,000 after buying an additional 9,512 shares in the last quarter. Centiva Capital LP purchased a new position in Triumph Group during the third quarter worth $255,000. Finally, Intech Investment Management LLC acquired a new position in shares of Triumph Group in the second quarter worth $326,000. 94.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on TGI shares. Bank of America cut Triumph Group from a "buy" rating to an "underperform" rating and dropped their price objective for the stock from $17.00 to $12.00 in a research report on Tuesday, September 24th. JPMorgan Chase & Co. lowered shares of Triumph Group from a "neutral" rating to an "underweight" rating and cut their price objective for the company from $15.00 to $12.00 in a research report on Monday, October 14th. Barclays raised their target price on shares of Triumph Group from $16.00 to $21.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 19th. Truist Financial boosted their price target on Triumph Group from $12.00 to $18.00 and gave the company a "hold" rating in a report on Wednesday, November 13th. Finally, StockNews.com raised Triumph Group from a "sell" rating to a "hold" rating in a research note on Wednesday, November 20th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Triumph Group currently has a consensus rating of "Hold" and an average target price of $16.67.

Triumph Group Stock Up 1.6 %

NYSE:TGI traded up $0.27 during trading hours on Thursday, reaching $17.57. 544,069 shares of the company's stock were exchanged, compared to its average volume of 857,562. The company has a market capitalization of $1.36 billion, a P/E ratio of 2.58 and a beta of 2.52. Triumph Group, Inc. has a 12 month low of $11.01 and a 12 month high of $19.71. The business's 50-day simple moving average is $17.03 and its two-hundred day simple moving average is $15.32.

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.