Fmr LLC Sells 9,838 Shares of Triumph Group, Inc. (NYSE:TGI)

Fmr LLC decreased its position in shares of Triumph Group, Inc. (NYSE:TGI) by 0.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,558,551 shares of the aerospace company’s stock after selling 9,838 shares during the quarter. Fmr LLC owned approximately 2.02% of Triumph Group worth $20,090,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. The Manufacturers Life Insurance Company raised its position in Triumph Group by 7.1% during the third quarter. The Manufacturers Life Insurance Company now owns 37,864 shares of the aerospace company’s stock valued at $488,000 after acquiring an additional 2,524 shares in the last quarter. Fisher Asset Management LLC raised its position in Triumph Group by 0.3% during the third quarter. Fisher Asset Management LLC now owns 1,552,527 shares of the aerospace company’s stock valued at $20,012,000 after acquiring an additional 5,377 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Triumph Group by 4.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 679,993 shares of the aerospace company’s stock valued at $8,765,000 after purchasing an additional 26,969 shares during the period. Intech Investment Management LLC grew its holdings in Triumph Group by 61.2% in the third quarter. Intech Investment Management LLC now owns 34,152 shares of the aerospace company’s stock valued at $440,000 after purchasing an additional 12,965 shares during the period. Finally, Sasco Capital Inc. CT grew its holdings in Triumph Group by 50.5% in the third quarter. Sasco Capital Inc. CT now owns 71,473 shares of the aerospace company’s stock valued at $921,000 after purchasing an additional 23,990 shares during the period. Institutional investors own 94.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on TGI shares. The Goldman Sachs Group lowered Triumph Group from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $19.00 to $15.00 in a report on Tuesday, August 13th. StockNews.com raised Triumph Group from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. lowered Triumph Group from a “neutral” rating to an “underweight” rating and lowered their price target for the stock from $15.00 to $12.00 in a research note on Monday, October 14th. Barclays boosted their price target on Triumph Group from $16.00 to $21.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 19th. Finally, TD Cowen boosted their price target 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 assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $16.67.

Triumph Group Stock Down 0.1 %

Shares of NYSE:TGI opened at $18.89 on Wednesday. The business has a fifty day moving average of $16.22 and a two-hundred day moving average of $15.12. The stock has a market cap of $1.46 billion, a P/E ratio of 2.77 and a beta of 2.52. Triumph Group, Inc. has a 52-week low of $11.01 and a 52-week high of $19.71.

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.