Triumph Group, Inc. (NYSE:TGI) Stake Lifted by Janus Henderson Group PLC

Janus Henderson Group PLC increased its position in shares of Triumph Group, Inc. (NYSE:TGI) by 55.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 41,092 shares of the aerospace company’s stock after buying an additional 14,728 shares during the quarter. Janus Henderson Group PLC’s holdings in Triumph Group were worth $530,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Centiva Capital LP bought a new stake in shares of Triumph Group in the 3rd quarter worth $255,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Triumph Group by 2.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 162,773 shares of the aerospace company’s stock worth $2,098,000 after acquiring an additional 3,995 shares in the last quarter. MetLife Investment Management LLC lifted its holdings in Triumph Group by 5.3% in the 3rd quarter. MetLife Investment Management LLC now owns 40,780 shares of the aerospace company’s stock valued at $526,000 after acquiring an additional 2,043 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Triumph Group by 4.3% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 998,900 shares of the aerospace company’s stock valued at $12,876,000 after purchasing an additional 40,800 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of Triumph Group by 13.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 449,792 shares of the aerospace company’s stock worth $5,798,000 after purchasing an additional 53,092 shares during the last quarter. Institutional investors own 94.53% of the company’s stock.

Triumph Group Price Performance

TGI opened at $18.42 on Friday. The company has a market capitalization of $1.42 billion, a PE ratio of 2.70 and a beta of 2.52. The business has a 50-day moving average of $16.58 and a 200-day moving average of $15.21. Triumph Group, Inc. has a fifty-two week low of $11.01 and a fifty-two week high of $19.71.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TGI. TD Cowen raised their target price on shares of Triumph Group from $14.00 to $20.00 and gave the stock a “hold” rating in a report on Wednesday, November 13th. Truist Financial lifted their target price on shares of Triumph Group from $12.00 to $18.00 and gave the stock a “hold” rating in a research report on Wednesday, November 13th. StockNews.com raised shares of Triumph Group from a “sell” rating to a “hold” rating in a research note on Wednesday, November 20th. 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. Finally, Bank of America cut Triumph Group from a “buy” rating to an “underperform” rating and decreased their target price for the stock from $17.00 to $12.00 in a research report on Tuesday, September 24th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. According to MarketBeat, Triumph Group has a consensus rating of “Hold” and a consensus target price of $16.67.

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.