Charles Schwab Investment Management Inc. Purchases 26,969 Shares of Triumph Group, Inc. (NYSE:TGI)

Charles Schwab Investment Management Inc. boosted its position in Triumph Group, Inc. (NYSE:TGI) by 4.1% during the 3rd quarter, Holdings Channel reports. The fund owned 679,993 shares of the aerospace company’s stock after buying an additional 26,969 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Triumph Group were worth $8,765,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Quest Partners LLC bought a new position in Triumph Group in the second quarter worth approximately $41,000. CWM LLC boosted its holdings in Triumph Group by 473.7% in 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 Triumph Group in the second quarter worth approximately $125,000. International Assets Investment Management LLC boosted its holdings in 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 acquiring an additional 9,512 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new stake in shares of Triumph Group in the second quarter worth approximately $326,000. Institutional investors own 94.53% of the company’s stock.

Triumph Group Price Performance

NYSE:TGI opened at $18.89 on Wednesday. The business has a fifty day simple moving average of $16.22 and a two-hundred day simple moving average of $15.12. Triumph Group, Inc. has a 1 year low of $11.01 and a 1 year high of $19.71. The company has a market capitalization of $1.46 billion, a P/E ratio of 2.77 and a beta of 2.52.

Analysts Set New Price Targets

Several analysts have recently commented on TGI shares. Bank of America downgraded 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 research note 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 stock from $19.00 to $15.00 in a research note on Tuesday, August 13th. StockNews.com raised Triumph Group from a “sell” rating to a “hold” rating in a research note on Wednesday, November 20th. Truist Financial increased their price objective on Triumph Group from $12.00 to $18.00 and gave the stock a “hold” rating in a research note on Wednesday, November 13th. Finally, Barclays increased their price target on Triumph Group from $16.00 to $21.00 and gave the company an “overweight” rating in a research report on Tuesday, November 19th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Triumph Group currently has an average rating of “Hold” and a consensus target price of $16.67.

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.