Triumph Group, Inc. (NYSE:TGI) Shares Purchased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company raised its stake in shares of Triumph Group, Inc. (NYSE:TGI) by 7.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 37,864 shares of the aerospace company’s stock after acquiring an additional 2,524 shares during the period. The Manufacturers Life Insurance Company’s holdings in Triumph Group were worth $488,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quest Partners LLC purchased a new position in Triumph Group in the second quarter valued at $41,000. CWM LLC lifted its stake in Triumph Group by 473.7% during the second quarter. CWM LLC now owns 5,146 shares of the aerospace company’s stock worth $79,000 after purchasing an additional 4,249 shares during the last quarter. Canada Pension Plan Investment Board purchased a new position in Triumph Group in the second quarter valued at approximately $125,000. International Assets Investment Management LLC lifted its position in shares of Triumph Group by 1,189.0% during the 3rd quarter. International Assets Investment Management LLC now owns 10,312 shares of the aerospace company’s stock worth $133,000 after buying an additional 9,512 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new position in shares of Triumph Group in the 2nd quarter valued at $326,000. 94.53% of the stock is owned by hedge funds and other institutional investors.

Triumph Group Price Performance

Shares of NYSE:TGI opened at $18.42 on Friday. The business has a 50-day moving average of $16.58 and a two-hundred day moving average of $15.21. The firm has a market capitalization of $1.42 billion, a PE ratio of 2.70 and a beta of 2.52. Triumph Group, Inc. has a 12 month low of $11.01 and a 12 month high of $19.71.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on TGI. StockNews.com upgraded Triumph Group from a “sell” rating to a “hold” rating in a research note on Wednesday, November 20th. Barclays boosted their price objective on shares of Triumph Group from $16.00 to $21.00 and gave the stock an “overweight” rating in a report on Tuesday, November 19th. Truist Financial boosted their price target on Triumph Group from $12.00 to $18.00 and gave the stock a “hold” rating in a research note on Wednesday, November 13th. JPMorgan Chase & Co. downgraded shares of Triumph Group from a “neutral” rating to an “underweight” rating and dropped their target price for the company from $15.00 to $12.00 in a report on Monday, October 14th. Finally, TD Cowen lifted their price objective on Triumph Group from $14.00 to $20.00 and gave the stock a “hold” rating in a research report on Wednesday, November 13th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Triumph Group presently has an average rating of “Hold” and an average price target 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.