Royce & Associates LP Trims Stake in Triumph Group, Inc. (NYSE:TGI)

Royce & Associates LP lowered its holdings in Triumph Group, Inc. (NYSE:TGI - Free Report) by 8.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 926,864 shares of the aerospace company's stock after selling 82,850 shares during the period. Royce & Associates LP owned approximately 1.20% of Triumph Group worth $11,947,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Headlands Technologies LLC purchased a new position in Triumph Group in the first quarter worth $35,000. Quest Partners LLC purchased a new position in shares of Triumph Group in the 2nd quarter worth about $41,000. Lazard Asset Management LLC boosted its holdings in shares of Triumph Group by 98.3% in the 1st quarter. Lazard Asset Management LLC now owns 3,877 shares of the aerospace company's stock worth $58,000 after purchasing an additional 1,922 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new position in shares of Triumph Group during the 1st quarter valued at about $56,000. Finally, CWM LLC raised its holdings in shares of Triumph Group by 473.7% during the 2nd quarter. CWM LLC now owns 5,146 shares of the aerospace company's stock valued at $79,000 after buying an additional 4,249 shares in the last quarter. Institutional investors own 94.53% of the company's stock.

Triumph Group Stock Up 0.7 %

Shares of Triumph Group stock traded up $0.12 during trading on Friday, reaching $17.98. 515,906 shares of the stock were exchanged, compared to its average volume of 878,004. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of 2.64 and a beta of 2.48. Triumph Group, Inc. has a 1 year low of $10.45 and a 1 year high of $19.71. The stock's fifty day moving average is $14.22 and its 200 day moving average is $14.57.

Wall Street Analysts Forecast Growth

TGI has been the topic of a number of recent research reports. TD Cowen increased their price target on shares of Triumph Group from $14.00 to $20.00 and gave the company a "hold" rating in a research report on Wednesday. Barclays reduced their target price on shares of Triumph Group from $18.00 to $16.00 and set an "overweight" rating on the stock in a report on Monday, August 12th. Bank of America downgraded shares of Triumph Group from a "buy" rating to an "underperform" rating and lowered their price target for the stock from $17.00 to $12.00 in a research note on Tuesday, September 24th. StockNews.com lowered shares of Triumph Group from a "hold" rating to a "sell" rating in a research report on Tuesday, November 12th. Finally, Truist Financial lifted their price objective on Triumph Group from $12.00 to $18.00 and gave the stock a "hold" rating in a report on Wednesday. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $16.11.

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.