Triumph Group, Inc. (NYSE:TGI) Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. increased its position in shares of Triumph Group, Inc. (NYSE:TGI) by 124.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,318,285 shares of the aerospace company’s stock after buying an additional 1,286,568 shares during the period. Assenagon Asset Management S.A. owned about 3.00% of Triumph Group worth $43,259,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several research analysts have weighed in on TGI shares. TD Cowen raised shares of Triumph Group to a “hold” rating in a 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 report on Tuesday, September 24th. Truist Financial increased their target price on Triumph Group from $18.00 to $19.00 and gave the stock a “hold” rating in a report on Tuesday. Barclays boosted their price target on Triumph Group from $16.00 to $21.00 and gave the company an “overweight” rating in a report on Tuesday, November 19th. Finally, StockNews.com upgraded Triumph Group from a “sell” rating to a “hold” rating in a research note on Wednesday, November 20th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $16.38.

Triumph Group Price Performance

Shares of NYSE TGI opened at $18.86 on Friday. The firm has a market capitalization of $1.46 billion, a PE ratio of 2.77 and a beta of 2.53. Triumph Group, Inc. has a 1-year low of $11.01 and a 1-year high of $19.71. The business’s fifty day moving average price is $18.49 and its two-hundred day moving average price is $15.82.

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.