Algert Global LLC Cuts Stock Holdings in Triumph Group, Inc. (NYSE:TGI)

Algert Global LLC lessened its position in Triumph Group, Inc. (NYSE:TGI) by 44.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 126,037 shares of the aerospace company’s stock after selling 99,690 shares during the quarter. Algert Global LLC’s holdings in Triumph Group were worth $1,625,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in TGI. Assenagon Asset Management S.A. lifted its stake in shares of Triumph Group by 58.9% in the second quarter. Assenagon Asset Management S.A. now owns 428,650 shares of the aerospace company’s stock worth $6,605,000 after buying an additional 158,893 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Triumph Group by 199.0% in the third quarter. SG Americas Securities LLC now owns 67,719 shares of the aerospace company’s stock valued at $873,000 after purchasing an additional 45,074 shares during the last quarter. Jade Capital Advisors LLC lifted its position in Triumph Group by 148.7% during the third quarter. Jade Capital Advisors LLC now owns 161,662 shares of the aerospace company’s stock worth $2,084,000 after buying an additional 96,662 shares in the last quarter. 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 buying an additional 4,249 shares during the last quarter. Finally, International Assets Investment Management LLC grew its holdings in Triumph Group by 1,189.0% in the 3rd quarter. International Assets Investment Management LLC now owns 10,312 shares of the aerospace company’s stock valued at $133,000 after buying an additional 9,512 shares in the last quarter. 94.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on TGI shares. TD Cowen lifted their target price on shares of Triumph Group from $14.00 to $20.00 and gave the stock a “hold” rating in a research note 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 note on Monday, October 14th. Truist Financial upped their price target on Triumph Group from $12.00 to $18.00 and gave the company a “hold” rating in a research note on Wednesday, November 13th. Jefferies Financial Group reissued a “hold” rating and set a $14.00 price objective (down from $20.00) on shares of Triumph Group in a research report on Monday, August 12th. Finally, Barclays increased their target price on shares of Triumph Group from $16.00 to $21.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 19th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Triumph Group has a consensus rating of “Hold” and an average price target of $16.67.

Triumph Group Stock Down 3.2 %

Shares of TGI stock opened at $18.77 on Thursday. Triumph Group, Inc. has a 52-week low of $10.65 and a 52-week high of $19.71. The stock’s 50-day moving average price is $15.04 and its 200 day moving average price is $14.81. The stock has a market capitalization of $1.45 billion, a PE ratio of 2.76 and a beta of 2.48.

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.