Triumph Group, Inc. (NYSE:TGI) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its stake in Triumph Group, Inc. (NYSE:TGI) by 1,207.4% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 538,904 shares of the aerospace company’s stock after acquiring an additional 497,684 shares during the quarter. JPMorgan Chase & Co. owned 0.70% of Triumph Group worth $6,946,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TGI. Old West Investment Management LLC raised its holdings in shares of Triumph Group by 1.3% during the third quarter. Old West Investment Management LLC now owns 42,426 shares of the aerospace company’s stock valued at $547,000 after acquiring an additional 565 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in Triumph Group by 4.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 35,340 shares of the aerospace company’s stock valued at $545,000 after purchasing an additional 1,405 shares during the last quarter. MetLife Investment Management LLC lifted its holdings in Triumph Group by 5.3% in the 3rd quarter. MetLife Investment Management LLC now owns 40,780 shares of the aerospace company’s stock valued at $526,000 after purchasing an additional 2,043 shares in the last quarter. Quest Partners LLC purchased a new position in Triumph Group in the 2nd quarter valued at $41,000. Finally, GSA Capital Partners LLP boosted its stake in Triumph Group by 14.1% during the 3rd quarter. GSA Capital Partners LLP now owns 26,374 shares of the aerospace company’s stock worth $340,000 after purchasing an additional 3,253 shares during the last quarter. Hedge funds and other institutional investors own 94.53% of the company’s stock.

Triumph Group Stock Performance

TGI stock opened at $18.86 on Thursday. Triumph Group, Inc. has a one year low of $11.01 and a one year high of $19.71. The firm has a market cap of $1.46 billion, a PE ratio of 2.77 and a beta of 2.53. The firm’s 50 day moving average price is $18.43 and its 200-day moving average price is $15.80.

Analyst Upgrades and Downgrades

TGI has been the topic of several research reports. TD Cowen raised shares of Triumph Group to a “hold” rating in a research note on Thursday, December 19th. StockNews.com upgraded shares of Triumph Group from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. Barclays boosted 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. Bank of America lowered Triumph Group from a “buy” rating to an “underperform” rating and dropped their price target for the company from $17.00 to $12.00 in a research report on Tuesday, September 24th. Finally, JPMorgan Chase & Co. downgraded Triumph Group from a “neutral” rating to an “underweight” rating and reduced their price objective for the stock from $15.00 to $12.00 in a research report on Monday, October 14th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $16.78.

Triumph Group Company 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.