Triumph Group, Inc. (NYSE:TGI) Shares Bought by State Street Corp

State Street Corp lifted its position in shares of Triumph Group, Inc. (NYSE:TGI) by 7.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,447,835 shares of the aerospace company’s stock after purchasing an additional 322,048 shares during the period. State Street Corp owned about 5.75% of Triumph Group worth $57,333,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. SG Americas Securities LLC purchased a new position in Triumph Group in the 2nd quarter valued at about $349,000. Nisa Investment Advisors LLC grew its stake in Triumph Group by 85,638.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 187,768 shares of the aerospace company’s stock valued at $2,894,000 after purchasing an additional 187,549 shares in the last quarter. Louisiana State Employees Retirement System increased its holdings in Triumph Group by 1.6% during the 2nd quarter. Louisiana State Employees Retirement System now owns 38,700 shares of the aerospace company’s stock worth $596,000 after purchasing an additional 600 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Triumph Group by 1.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 538,840 shares of the aerospace company’s stock valued at $8,304,000 after purchasing an additional 7,164 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Triumph Group by 10.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,493 shares of the aerospace company’s stock valued at $347,000 after buying an additional 2,043 shares during the last quarter. 94.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. TD Cowen lifted their price target on shares of Triumph Group from $14.00 to $20.00 and gave the stock a “hold” rating in a research note on Wednesday, November 13th. StockNews.com raised shares of Triumph Group from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. JPMorgan Chase & Co. cut shares of Triumph Group from a “neutral” rating to an “underweight” rating and reduced their price target for the stock from $15.00 to $12.00 in a research report on Monday, October 14th. Truist Financial boosted their price objective on Triumph Group from $12.00 to $18.00 and gave the company a “hold” rating in a report on Wednesday, November 13th. Finally, Barclays increased their target price on Triumph Group from $16.00 to $21.00 and gave the stock an “overweight” rating in a report on Tuesday, November 19th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $16.67.

Triumph Group Stock Performance

Triumph Group stock opened at $17.30 on Thursday. The firm has a market capitalization of $1.34 billion, a P/E ratio of 2.54 and a beta of 2.52. The company has a 50-day simple moving average of $16.96 and a 200-day simple moving average of $15.30. Triumph Group, Inc. has a one year low of $11.01 and a one year high of $19.71.

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.