Mutual of America Capital Management LLC Sells 1,003 Shares of Triumph Group, Inc. (NYSE:TGI)

Mutual of America Capital Management LLC cut its holdings in Triumph Group, Inc. (NYSE:TGI) by 7.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,631 shares of the aerospace company’s stock after selling 1,003 shares during the period. Mutual of America Capital Management LLC’s holdings in Triumph Group were worth $150,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GSA Capital Partners LLP lifted its position in shares of Triumph Group by 14.1% during the 3rd quarter. GSA Capital Partners LLP now owns 26,374 shares of the aerospace company’s stock valued at $340,000 after acquiring an additional 3,253 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of Triumph Group by 140.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,031,717 shares of the aerospace company’s stock worth $13,299,000 after purchasing an additional 603,067 shares in the last quarter. International Assets Investment Management LLC boosted 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 purchasing an additional 9,512 shares in the last quarter. Jade Capital Advisors LLC grew its stake in shares of Triumph Group by 148.7% in the 3rd quarter. Jade Capital Advisors LLC now owns 161,662 shares of the aerospace company’s stock valued at $2,084,000 after buying an additional 96,662 shares during the period. Finally, SG Americas Securities LLC increased its position in Triumph Group by 199.0% in the 3rd quarter. SG Americas Securities LLC now owns 67,719 shares of the aerospace company’s stock valued at $873,000 after buying an additional 45,074 shares in the last quarter. 94.53% of the stock is owned by institutional investors and hedge funds.

Triumph Group Stock Up 2.6 %

Triumph Group stock opened at $19.27 on Friday. The stock has a market cap of $1.49 billion, a P/E ratio of 2.83 and a beta of 2.48. The company’s 50 day moving average price is $15.25 and its two-hundred day moving average price is $14.87. Triumph Group, Inc. has a 52 week low of $10.72 and a 52 week high of $19.71.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on TGI shares. Barclays raised their price objective on Triumph Group from $16.00 to $21.00 and gave the company an “overweight” rating in a research note on Tuesday, November 19th. TD Cowen lifted their price target on shares of Triumph Group from $14.00 to $20.00 and gave the company a “hold” rating in a research report on Wednesday, November 13th. Jefferies Financial Group restated a “hold” rating and set a $14.00 price objective (down previously from $20.00) on shares of Triumph Group in a report on Monday, August 12th. JPMorgan Chase & Co. cut shares of Triumph Group from a “neutral” rating to an “underweight” rating and reduced their price objective for the company from $15.00 to $12.00 in a report on Monday, October 14th. Finally, Bank of America lowered shares of Triumph Group from a “buy” rating to an “underperform” rating and lowered their target price for the stock from $17.00 to $12.00 in a report on Tuesday, September 24th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average 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.