Triumph Group, Inc. (NYSE:TGI) Shares Sold by Lathrop Investment Management Corp

Lathrop Investment Management Corp cut its position in shares of Triumph Group, Inc. (NYSE:TGI) by 0.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 135,553 shares of the aerospace company’s stock after selling 539 shares during the quarter. Lathrop Investment Management Corp owned 0.18% of Triumph Group worth $1,747,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. increased its stake in shares of Triumph Group by 140.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,031,717 shares of the aerospace company’s stock worth $13,299,000 after purchasing an additional 603,067 shares in the last quarter. Kennedy Capital Management LLC increased its position in Triumph Group by 199.6% during the first quarter. Kennedy Capital Management LLC now owns 450,918 shares of the aerospace company’s stock worth $6,782,000 after buying an additional 300,407 shares in the last quarter. Marshall Wace LLP raised its holdings in shares of Triumph Group by 318.2% in the second quarter. Marshall Wace LLP now owns 324,778 shares of the aerospace company’s stock worth $5,005,000 after acquiring an additional 247,117 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Triumph Group by 85,638.8% during the second quarter. Nisa Investment Advisors LLC now owns 187,768 shares of the aerospace company’s stock valued at $2,894,000 after acquiring an additional 187,549 shares during the last quarter. Finally, Point72 Asset Management L.P. lifted its holdings in Triumph Group by 12.5% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,516,707 shares of the aerospace company’s stock valued at $23,372,000 after purchasing an additional 168,607 shares in the last quarter. Institutional investors and hedge funds own 94.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on TGI. StockNews.com upgraded shares of Triumph Group from a “sell” rating to a “hold” rating in a report on Wednesday. Bank of America downgraded Triumph Group from a “buy” rating to an “underperform” rating and cut their price target for the company from $17.00 to $12.00 in a report on Tuesday, September 24th. The Goldman Sachs Group downgraded Triumph Group from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $19.00 to $15.00 in a research report on Tuesday, August 13th. Jefferies Financial Group reaffirmed a “hold” rating and set a $14.00 price objective (down previously from $20.00) on shares of Triumph Group in a research note on Monday, August 12th. Finally, JPMorgan Chase & Co. cut shares of Triumph Group from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $15.00 to $12.00 in a research report on Monday, October 14th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $16.67.

Triumph Group Price Performance

Triumph Group stock opened at $19.10 on Friday. The firm’s fifty day moving average price is $14.67 and its 200 day moving average price is $14.70. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of 2.80 and a beta of 2.48. Triumph Group, Inc. has a 12-month low of $10.57 and a 12-month high of $19.71.

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.