JPMorgan Chase & Co. Grows Holdings in Triumph Group, Inc. (NYSE:TGI)

JPMorgan Chase & Co. increased its stake in shares of Triumph Group, Inc. (NYSE:TGI) by 1,207.4% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 538,904 shares of the aerospace company’s stock after purchasing an additional 497,684 shares during the period. JPMorgan Chase & Co.’s holdings in Triumph Group were worth $6,946,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Barclays PLC increased its stake in Triumph Group by 155.8% during the third quarter. Barclays PLC now owns 148,530 shares of the aerospace company’s stock worth $1,915,000 after purchasing an additional 90,456 shares during the period. Geode Capital Management LLC grew its holdings in shares of Triumph Group by 8.1% in the third quarter. Geode Capital Management LLC now owns 1,732,791 shares of the aerospace company’s stock valued at $22,340,000 after purchasing an additional 129,391 shares in the last quarter. SG Americas Securities LLC increased its stake in Triumph Group by 199.0% during the 3rd quarter. SG Americas Securities LLC now owns 67,719 shares of the aerospace company’s stock worth $873,000 after buying an additional 45,074 shares during the period. BNP Paribas Financial Markets lifted its holdings in Triumph Group by 13.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 449,792 shares of the aerospace company’s stock worth $5,798,000 after buying an additional 53,092 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Triumph Group by 2.5% during the 3rd 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 buying an additional 3,995 shares in the last quarter. Institutional investors and hedge funds own 94.53% of the company’s stock.

Triumph Group Stock Performance

NYSE:TGI opened at $18.86 on Thursday. Triumph Group, Inc. has a 1 year low of $11.01 and a 1 year high of $19.71. The stock has a market cap of $1.46 billion, a P/E ratio of 2.77 and a beta of 2.53. The stock has a 50-day simple moving average of $18.43 and a 200-day simple moving average of $15.80.

Analyst Upgrades and Downgrades

TGI has been the subject of several research reports. TD Cowen upgraded shares of Triumph Group to a “hold” rating in a research note on Thursday, December 19th. Truist Financial boosted their target price on Triumph Group from $18.00 to $19.00 and gave the stock a “hold” rating in a research note on Tuesday. StockNews.com raised Triumph Group from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. Bank of America cut Triumph Group from a “buy” rating to an “underperform” rating and decreased their price objective for the company from $17.00 to $12.00 in a research note on Tuesday, September 24th. Finally, Barclays upped their target price 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. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, Triumph Group currently has an average rating of “Hold” and an average target price of $16.78.

About Triumph Group

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.