Triumph Group, Inc. (NYSE:TGI) Position Boosted by Fisher Asset Management LLC

Fisher Asset Management LLC increased its holdings in Triumph Group, Inc. (NYSE:TGI) by 0.3% during the third quarter, Holdings Channel reports. The firm owned 1,552,527 shares of the aerospace company’s stock after purchasing an additional 5,377 shares during the period. Fisher Asset Management LLC’s holdings in Triumph Group were worth $20,012,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Point72 Asset Management L.P. increased its holdings in shares of Triumph Group by 12.5% in the second quarter. Point72 Asset Management L.P. now owns 1,516,707 shares of the aerospace company’s stock valued at $23,372,000 after buying an additional 168,607 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Triumph Group by 12.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,054,841 shares of the aerospace company’s stock worth $16,254,000 after purchasing an additional 116,900 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of Triumph Group by 140.7% during the third quarter. Assenagon Asset Management S.A. now owns 1,031,717 shares of the aerospace company’s stock valued at $13,299,000 after purchasing an additional 603,067 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Triumph Group by 6.4% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 958,100 shares of the aerospace company’s stock valued at $14,764,000 after purchasing an additional 57,700 shares during the period. Finally, First Eagle Investment Management LLC increased its stake in Triumph Group by 11.2% in the 2nd quarter. First Eagle Investment Management LLC now owns 698,712 shares of the aerospace company’s stock worth $10,767,000 after purchasing an additional 70,500 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 analysts have commented on the stock. Jefferies Financial Group reaffirmed a “hold” rating and set a $14.00 price objective (down from $20.00) on shares of Triumph Group in a research note on Monday, August 12th. Barclays raised their price objective 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. JPMorgan Chase & Co. downgraded shares of Triumph Group from a “neutral” rating to an “underweight” rating and cut their target price for the company from $15.00 to $12.00 in a research note on Monday, October 14th. TD Cowen raised their target price on Triumph Group from $14.00 to $20.00 and gave the stock a “hold” rating in a research report on Wednesday, November 13th. Finally, The Goldman Sachs Group lowered Triumph Group from a “buy” rating to a “neutral” rating and dropped their price target for the company from $19.00 to $15.00 in a research report on Tuesday, August 13th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, Triumph Group presently has an average rating of “Hold” and a consensus target price of $16.67.

Triumph Group Trading Down 3.2 %

TGI opened at $18.77 on Thursday. The stock has a fifty day moving average price of $15.04 and a 200 day moving average price of $14.81. Triumph Group, Inc. has a 1 year low of $10.65 and a 1 year high of $19.71. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 2.76 and a beta of 2.48.

Triumph Group 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.