Rock Point Advisors LLC Grows Stake in Triumph Group, Inc. (NYSE:TGI)

Rock Point Advisors LLC grew its stake in Triumph Group, Inc. (NYSE:TGI) by 2.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 650,038 shares of the aerospace company’s stock after acquiring an additional 16,705 shares during the quarter. Triumph Group comprises about 2.3% of Rock Point Advisors LLC’s portfolio, making the stock its 15th biggest position. Rock Point Advisors LLC’s holdings in Triumph Group were worth $8,379,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in TGI. The Manufacturers Life Insurance Company lifted its position in Triumph Group by 7.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 37,864 shares of the aerospace company’s stock worth $488,000 after acquiring an additional 2,524 shares during the period. Fisher Asset Management LLC raised its holdings in Triumph Group by 0.3% in the 3rd quarter. Fisher Asset Management LLC now owns 1,552,527 shares of the aerospace company’s stock worth $20,012,000 after purchasing an additional 5,377 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Triumph Group by 4.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 679,993 shares of the aerospace company’s stock worth $8,765,000 after buying an additional 26,969 shares in the last quarter. Intech Investment Management LLC grew its position in shares of Triumph Group by 61.2% in the third quarter. Intech Investment Management LLC now owns 34,152 shares of the aerospace company’s stock valued at $440,000 after purchasing an additional 12,965 shares in the last quarter. Finally, Sasco Capital Inc. CT lifted its holdings in Triumph Group by 50.5% in the third quarter. Sasco Capital Inc. CT now owns 71,473 shares of the aerospace company’s stock valued at $921,000 after acquiring an additional 23,990 shares during the last quarter. 94.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TGI. Truist Financial increased their price objective on Triumph Group from $12.00 to $18.00 and gave the company a “hold” rating in a research note on Wednesday, November 13th. TD Cowen raised their price objective on shares of Triumph Group from $14.00 to $20.00 and gave the company a “hold” rating in a research report on Wednesday, November 13th. The Goldman Sachs Group lowered Triumph Group from a “buy” rating to a “neutral” rating and reduced their target price for the company from $19.00 to $15.00 in a research note on Tuesday, August 13th. Bank of America downgraded Triumph Group from a “buy” rating to an “underperform” rating and cut their price target for the company from $17.00 to $12.00 in a report on Tuesday, September 24th. Finally, StockNews.com raised shares of Triumph Group from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. 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’s stock. According to data from MarketBeat, Triumph Group has an average rating of “Hold” and an average target price of $16.67.

Triumph Group Price Performance

Shares of NYSE:TGI traded up $0.05 during mid-day trading on Tuesday, hitting $19.00. The company had a trading volume of 8,579 shares, compared to its average volume of 874,399. The firm has a fifty day moving average price of $14.91 and a 200 day moving average price of $14.78. Triumph Group, Inc. has a one year low of $10.65 and a one year high of $19.71. The company has a market capitalization of $1.47 billion, a PE ratio of 2.78 and a beta of 2.48.

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.