SG Americas Securities LLC Sells 32,589 Shares of Triumph Group, Inc. (NYSE:TGI)

SG Americas Securities LLC trimmed its holdings in shares of Triumph Group, Inc. (NYSE:TGI) by 48.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,130 shares of the aerospace company’s stock after selling 32,589 shares during the quarter. SG Americas Securities LLC’s holdings in Triumph Group were worth $656,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in TGI. Assenagon Asset Management S.A. increased its stake in Triumph Group by 124.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,318,285 shares of the aerospace company’s stock worth $43,259,000 after buying an additional 1,286,568 shares during the period. Barclays PLC increased its position in shares of Triumph Group by 155.8% during the third quarter. Barclays PLC now owns 148,530 shares of the aerospace company’s stock worth $1,915,000 after acquiring an additional 90,456 shares during the period. JPMorgan Chase & Co. increased its position in shares of Triumph Group by 1,207.4% during the third quarter. JPMorgan Chase & Co. now owns 538,904 shares of the aerospace company’s stock worth $6,946,000 after acquiring an additional 497,684 shares during the period. Geode Capital Management LLC raised its stake in shares of Triumph Group by 8.1% during the third quarter. Geode Capital Management LLC now owns 1,732,791 shares of the aerospace company’s stock valued at $22,340,000 after acquiring an additional 129,391 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Triumph Group by 13.4% in the third quarter. BNP Paribas Financial Markets now owns 449,792 shares of the aerospace company’s stock valued at $5,798,000 after purchasing an additional 53,092 shares during the period. 94.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TGI has been the topic of several research reports. Truist Financial raised their price objective on Triumph Group from $18.00 to $19.00 and gave the stock a “hold” rating in a report on Tuesday, January 14th. Barclays raised their price target on Triumph Group from $16.00 to $21.00 and gave the company an “overweight” rating in a research note on Tuesday, November 19th. JPMorgan Chase & Co. lowered shares of Triumph Group from a “neutral” rating to an “underweight” rating and lowered their price objective for the stock from $15.00 to $12.00 in a research note on Monday, October 14th. StockNews.com upgraded shares of Triumph Group from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. Finally, TD Cowen upgraded shares of Triumph Group to a “hold” rating in a report on Thursday, December 19th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $16.38.

Triumph Group Stock Performance

Shares of Triumph Group stock opened at $19.02 on Friday. The company has a market capitalization of $1.47 billion, a PE ratio of 2.79 and a beta of 2.53. The company has a 50-day simple moving average of $18.75 and a two-hundred day simple moving average of $16.07. Triumph Group, Inc. has a one year low of $11.01 and a one year 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.