Triumph Group, Inc. (NYSE:TGI) Stock Holdings Decreased by Principal Financial Group Inc.

Principal Financial Group Inc. lessened its position in Triumph Group, Inc. (NYSE:TGI) by 3.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 364,267 shares of the aerospace company’s stock after selling 13,687 shares during the quarter. Principal Financial Group Inc. owned approximately 0.47% of Triumph Group worth $4,695,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. lifted its stake in Triumph Group by 140.7% in 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 acquiring an additional 603,067 shares in the last quarter. International Assets Investment Management LLC lifted its holdings 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 valued at $133,000 after buying an additional 9,512 shares during the last quarter. Jade Capital Advisors LLC raised its position in Triumph Group by 148.7% during the third quarter. Jade Capital Advisors LLC now owns 161,662 shares of the aerospace company’s stock valued at $2,084,000 after acquiring an additional 96,662 shares in the last quarter. SG Americas Securities LLC lifted its stake in Triumph Group by 199.0% in the third quarter. SG Americas Securities LLC now owns 67,719 shares of the aerospace company’s stock valued at $873,000 after acquiring an additional 45,074 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its position in Triumph Group by 6.4% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 958,100 shares of the aerospace company’s stock worth $14,764,000 after acquiring an additional 57,700 shares in the last quarter. Institutional investors and hedge funds own 94.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on TGI. StockNews.com raised shares of Triumph Group from a “sell” rating to a “hold” rating in a research note on Wednesday. Jefferies Financial Group reaffirmed a “hold” rating and issued a $14.00 target price (down previously from $20.00) on shares of Triumph Group in a report on Monday, August 12th. Truist Financial upped their price target on Triumph Group from $12.00 to $18.00 and gave the stock a “hold” rating in a report on Wednesday, November 13th. Bank of America lowered shares of Triumph Group from a “buy” rating to an “underperform” rating and dropped their target price for the stock from $17.00 to $12.00 in a research report on Tuesday, September 24th. Finally, JPMorgan Chase & Co. downgraded shares of Triumph Group from a “neutral” rating to an “underweight” rating and reduced their price target for the company from $15.00 to $12.00 in a report on Monday, October 14th. 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 data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $16.67.

Triumph Group Stock Performance

Triumph Group stock opened at $19.10 on Friday. Triumph Group, Inc. has a 52 week low of $10.57 and a 52 week high of $19.71. The firm has a market cap of $1.48 billion, a P/E ratio of 2.80 and a beta of 2.48. The business’s fifty day moving average is $14.67 and its two-hundred day moving average is $14.70.

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.