Principal Financial Group Inc. Lowers Stock Holdings in Triumph Group, Inc. (NYSE:TGI)

Principal Financial Group Inc. cut its stake in shares of Triumph Group, Inc. (NYSE:TGI) by 3.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 364,267 shares of the aerospace company’s stock after selling 13,687 shares during the period. Principal Financial Group Inc.’s holdings in Triumph Group were worth $4,695,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Quest Partners LLC acquired a new position in shares of Triumph Group in the second quarter valued at approximately $41,000. Canada Pension Plan Investment Board acquired a new position in Triumph Group in the 2nd quarter valued at $125,000. International Assets Investment Management LLC increased its stake 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 during the period. Centiva Capital LP purchased a new position in Triumph Group during the 3rd quarter worth $255,000. Finally, Intech Investment Management LLC acquired a new stake in shares of Triumph Group in the 2nd quarter worth $326,000. 94.53% of the stock is owned by institutional investors and hedge funds.

Triumph Group Stock Down 0.9 %

NYSE:TGI opened at $18.49 on Friday. Triumph Group, Inc. has a 52-week low of $11.01 and a 52-week high of $19.71. The stock has a fifty day simple moving average of $17.75 and a 200-day simple moving average of $15.58. The company has a market capitalization of $1.43 billion, a PE ratio of 2.72 and a beta of 2.52.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on TGI shares. Truist Financial increased their price target on shares of Triumph Group from $12.00 to $18.00 and gave the stock a “hold” rating in a report on Wednesday, November 13th. StockNews.com raised Triumph Group from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. TD Cowen raised Triumph Group to a “hold” rating in a report on Thursday, December 19th. JPMorgan Chase & Co. downgraded Triumph Group from a “neutral” rating to an “underweight” rating and reduced their target price for the company from $15.00 to $12.00 in a report on Monday, October 14th. Finally, Bank of America cut shares of Triumph Group from a “buy” rating to an “underperform” rating and lowered their price target for the stock from $17.00 to $12.00 in a research note on Tuesday, September 24th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Triumph Group currently has a consensus 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.