Principal Financial Group Inc. Sells 13,687 Shares of Triumph Group, Inc. (NYSE:TGI)

Principal Financial Group Inc. trimmed its position in shares of Triumph Group, Inc. (NYSE:TGI) by 3.6% during the third quarter, Holdings Channel.com reports. The institutional investor 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.

Several other institutional investors also recently modified their holdings of the company. Assenagon Asset Management S.A. boosted its stake in shares of Triumph Group by 58.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 428,650 shares of the aerospace company’s stock worth $6,605,000 after acquiring an additional 158,893 shares during the period. SG Americas Securities LLC boosted its position in Triumph Group by 199.0% during the third quarter. SG Americas Securities LLC now owns 67,719 shares of the aerospace company’s stock worth $873,000 after purchasing an additional 45,074 shares during the period. Gamco Investors INC. ET AL bought a new position in shares of Triumph Group in the first quarter valued at about $1,545,000. ProShare Advisors LLC lifted its stake in shares of Triumph Group by 7.2% during the 1st quarter. ProShare Advisors LLC now owns 13,263 shares of the aerospace company’s stock worth $199,000 after buying an additional 892 shares during the last quarter. Finally, Jade Capital Advisors LLC lifted its stake in shares of Triumph Group by 148.7% during the 3rd quarter. Jade Capital Advisors LLC now owns 161,662 shares of the aerospace company’s stock worth $2,084,000 after buying an additional 96,662 shares during the last quarter. 94.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Barclays increased their price target on shares of Triumph Group from $16.00 to $21.00 and gave the company an “overweight” rating in a report on Tuesday. Bank of America downgraded shares of Triumph Group from a “buy” rating to an “underperform” rating and dropped their price target for the company from $17.00 to $12.00 in a research report on Tuesday, September 24th. The Goldman Sachs Group downgraded Triumph Group from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $19.00 to $15.00 in a research report on Tuesday, August 13th. TD Cowen increased their target price on Triumph Group from $14.00 to $20.00 and gave the stock a “hold” rating in a report on Wednesday, November 13th. Finally, JPMorgan Chase & Co. downgraded Triumph Group from a “neutral” rating to an “underweight” rating and dropped their price target for the company from $15.00 to $12.00 in a research note on Monday, October 14th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Triumph Group presently has a consensus rating of “Hold” and an average price target of $16.67.

Triumph Group Stock Down 0.4 %

Triumph Group stock opened at $19.10 on Friday. The stock has a market cap of $1.48 billion, a PE 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. The business’s 50-day moving average price is $14.67 and its two-hundred day moving average price is $14.70.

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.