Stifel Financial Corp Sells 28,762 Shares of Triumph Group, Inc. (NYSE:TGI)

Stifel Financial Corp cut its stake in shares of Triumph Group, Inc. (NYSE:TGI - Free Report) by 9.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 260,617 shares of the aerospace company's stock after selling 28,762 shares during the period. Stifel Financial Corp owned about 0.34% of Triumph Group worth $3,359,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of TGI. Janus Henderson Group PLC lifted its position in shares of Triumph Group by 55.9% during the 3rd quarter. Janus Henderson Group PLC now owns 41,092 shares of the aerospace company's stock valued at $530,000 after buying an additional 14,728 shares in the last quarter. Centiva Capital LP bought a new stake in Triumph Group during the 3rd quarter worth approximately $255,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Triumph Group by 2.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 162,773 shares of the aerospace company's stock valued at $2,098,000 after purchasing an additional 3,995 shares in the last quarter. MetLife Investment Management LLC boosted its position in shares of Triumph Group by 5.3% in the third quarter. MetLife Investment Management LLC now owns 40,780 shares of the aerospace company's stock worth $526,000 after purchasing an additional 2,043 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Triumph Group by 4.3% in the third 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. Institutional investors own 94.53% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on TGI shares. Bank of America cut shares of Triumph Group from a "buy" rating to an "underperform" rating and lowered their target price for the company from $17.00 to $12.00 in a research note on Tuesday, September 24th. Truist Financial boosted their price objective on Triumph Group from $12.00 to $18.00 and gave the company a "hold" rating in a research report on Wednesday, November 13th. JPMorgan Chase & Co. cut 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 report on Monday, October 14th. TD Cowen boosted their price target on Triumph Group from $14.00 to $20.00 and gave the stock a "hold" rating in a report on Wednesday, November 13th. Finally, Barclays upped their price target on Triumph Group from $16.00 to $21.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 19th. 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 company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $16.67.

Triumph Group Stock Performance

Shares of TGI traded down $0.36 during mid-day trading on Tuesday, hitting $18.57. 500,964 shares of the stock were exchanged, compared to its average volume of 859,083. The company has a market cap of $1.44 billion, a PE ratio of 2.78 and a beta of 2.52. Triumph Group, Inc. has a 52-week low of $11.01 and a 52-week high of $19.71. The firm has a 50-day moving average of $16.71 and a two-hundred day moving average of $15.26.

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.