Triumph Group, Inc. (NYSE:TGI) Shares Acquired by Barclays PLC

Barclays PLC boosted its stake in Triumph Group, Inc. (NYSE:TGI) by 155.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 148,530 shares of the aerospace company’s stock after purchasing an additional 90,456 shares during the period. Barclays PLC owned approximately 0.19% of Triumph Group worth $1,915,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Quest Partners LLC acquired a new stake in shares of Triumph Group in the second quarter valued at about $41,000. Canada Pension Plan Investment Board acquired a new position in shares of Triumph Group during the second quarter worth $125,000. International Assets Investment Management LLC boosted its stake in shares of Triumph Group by 1,189.0% in the third quarter. International Assets Investment Management LLC now owns 10,312 shares of the aerospace company’s stock valued at $133,000 after purchasing an additional 9,512 shares during the period. Centiva Capital LP acquired a new stake in Triumph Group during the 3rd quarter valued at $255,000. Finally, Intech Investment Management LLC purchased a new stake in Triumph Group during the 2nd quarter worth $326,000. 94.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TGI has been the subject of a number of analyst reports. TD Cowen raised shares of Triumph Group to a “hold” rating in a research report on Thursday, December 19th. Bank of America lowered Triumph Group from a “buy” rating to an “underperform” rating and lowered their price objective for the company from $17.00 to $12.00 in a research note on Tuesday, September 24th. Truist Financial upped their target price on Triumph Group from $12.00 to $18.00 and gave the company a “hold” rating in a research report on Wednesday, November 13th. StockNews.com upgraded shares of Triumph Group from a “sell” rating to a “hold” rating in a research note on Wednesday, November 20th. Finally, Barclays boosted their target price on shares of Triumph Group from $16.00 to $21.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 19th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Triumph Group presently has an average rating of “Hold” and a consensus price target of $16.67.

Triumph Group Stock Performance

NYSE TGI opened at $18.95 on Friday. Triumph Group, Inc. has a one year low of $11.01 and a one year high of $19.71. The company has a 50-day simple moving average of $17.37 and a 200-day simple moving average of $15.45. The firm has a market capitalization of $1.47 billion, a PE ratio of 2.78 and a beta of 2.52.

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.