Wellington Management Group LLP Lowers Stock Holdings in Triumph Group, Inc. (NYSE:TGI)

Wellington Management Group LLP lowered its position in Triumph Group, Inc. (NYSE:TGI - Free Report) by 27.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 432,396 shares of the aerospace company's stock after selling 161,356 shares during the period. Wellington Management Group LLP owned about 0.56% of Triumph Group worth $5,574,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in TGI. Quest Partners LLC acquired a new position in Triumph Group in the 2nd quarter valued at $41,000. CWM LLC boosted its stake in Triumph Group by 473.7% during the second quarter. CWM LLC now owns 5,146 shares of the aerospace company's stock worth $79,000 after acquiring an additional 4,249 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in shares of Triumph Group in the 2nd quarter worth $125,000. International Assets Investment Management LLC raised its stake in shares of Triumph Group by 1,189.0% in the third quarter. International Assets Investment Management LLC now owns 10,312 shares of the aerospace company's stock worth $133,000 after purchasing an additional 9,512 shares during the last quarter. Finally, Centiva Capital LP purchased a new position in Triumph Group during the third quarter worth about $255,000. Institutional investors own 94.53% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on TGI shares. StockNews.com raised Triumph Group from a "sell" rating to a "hold" rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. cut 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 report on Monday, October 14th. Bank of America lowered shares of Triumph Group from a "buy" rating to an "underperform" rating and lowered their price objective for the stock from $17.00 to $12.00 in a report on Tuesday, September 24th. Truist Financial increased their price objective on Triumph Group from $12.00 to $18.00 and gave the stock a "hold" rating in a report on Wednesday, November 13th. Finally, Barclays upped 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. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Triumph Group has a consensus rating of "Hold" and an average target price of $16.67.

Triumph Group Stock Down 1.9 %

Shares of Triumph Group stock traded down $0.36 on Tuesday, reaching $18.57. The stock had a trading volume of 500,964 shares, compared to its average volume of 859,083. The stock has a market capitalization of $1.44 billion, a P/E ratio of 2.73 and a beta of 2.52. The company has a 50 day moving average price of $16.85 and a 200 day moving average price of $15.29. Triumph Group, Inc. has a 1 year low of $11.01 and a 1 year high of $19.71.

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.