Healthcare of Ontario Pension Plan Trust Fund Purchases 40,800 Shares of Triumph Group, Inc. (NYSE:TGI)

Healthcare of Ontario Pension Plan Trust Fund increased its stake in Triumph Group, Inc. (NYSE:TGI) by 4.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 998,900 shares of the aerospace company’s stock after buying an additional 40,800 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Triumph Group were worth $12,876,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the stock. BNP Paribas Financial Markets grew its position in shares of Triumph Group by 13.4% in the third quarter. BNP Paribas Financial Markets now owns 449,792 shares of the aerospace company’s stock valued at $5,798,000 after purchasing an additional 53,092 shares in the last quarter. Rock Point Advisors LLC grew its position in shares of Triumph Group by 2.6% in the third quarter. Rock Point Advisors LLC now owns 650,038 shares of the aerospace company’s stock valued at $8,379,000 after purchasing an additional 16,705 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Triumph Group by 7.1% in the third quarter. The Manufacturers Life Insurance Company now owns 37,864 shares of the aerospace company’s stock valued at $488,000 after purchasing an additional 2,524 shares in the last quarter. Fisher Asset Management LLC grew its position in shares of Triumph Group by 0.3% in the third quarter. Fisher Asset Management LLC now owns 1,552,527 shares of the aerospace company’s stock valued at $20,012,000 after purchasing an additional 5,377 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Triumph Group by 4.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 679,993 shares of the aerospace company’s stock valued at $8,765,000 after purchasing an additional 26,969 shares in the last quarter. 94.53% of the stock is currently owned by hedge funds and other institutional investors.

Triumph Group Price Performance

TGI opened at $18.77 on Friday. Triumph Group, Inc. has a one year low of $10.65 and a one year high of $19.71. The business has a 50 day simple moving average of $15.15 and a two-hundred day simple moving average of $14.84. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 2.76 and a beta of 2.48.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on TGI shares. TD Cowen boosted their target price on Triumph Group from $14.00 to $20.00 and gave the stock a “hold” rating in a research report on Wednesday, November 13th. Bank of America cut Triumph Group from a “buy” rating to an “underperform” rating and reduced their target price for the stock from $17.00 to $12.00 in a research report on Tuesday, September 24th. Barclays boosted their target price on Triumph Group from $16.00 to $21.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 19th. StockNews.com upgraded Triumph Group from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. Finally, Jefferies Financial Group restated a “hold” rating and set a $14.00 target price (down from $20.00) on shares of Triumph Group in a research report on Monday, August 12th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $16.67.

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.