Old West Investment Management LLC Boosts Stake in Triumph Group, Inc. (NYSE:TGI)

Old West Investment Management LLC raised its holdings in Triumph Group, Inc. (NYSE:TGI) by 1.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 42,426 shares of the aerospace company’s stock after purchasing an additional 565 shares during the quarter. Old West Investment Management LLC owned 0.05% of Triumph Group worth $547,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TGI. Quest Partners LLC acquired a new position in shares of Triumph Group during the 2nd quarter valued at about $41,000. CWM LLC grew its stake in shares of Triumph Group by 473.7% in the 2nd quarter. CWM LLC now owns 5,146 shares of the aerospace company’s stock valued at $79,000 after purchasing an additional 4,249 shares during the last quarter. Canada Pension Plan Investment Board purchased a new stake in Triumph Group in the 2nd quarter valued at approximately $125,000. International Assets Investment Management LLC grew its stake in shares of Triumph Group by 1,189.0% during the 3rd quarter. International Assets Investment Management LLC now owns 10,312 shares of the aerospace company’s stock worth $133,000 after purchasing an additional 9,512 shares during the period. Finally, Centiva Capital LP acquired a new position in shares of Triumph Group during the 3rd quarter worth $255,000. 94.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on TGI. 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. Truist Financial raised their price objective on Triumph Group from $12.00 to $18.00 and gave the stock a “hold” rating in a research note on Wednesday, November 13th. The Goldman Sachs Group lowered shares of Triumph Group from a “buy” rating to a “neutral” rating and decreased their target price for the company from $19.00 to $15.00 in a research report on Tuesday, August 13th. Bank of America lowered shares of Triumph Group from a “buy” rating to an “underperform” rating and decreased their price target for the stock from $17.00 to $12.00 in a research report on Tuesday, September 24th. Finally, StockNews.com raised Triumph Group from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three 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 $16.67.

Triumph Group Stock Down 0.1 %

Shares of Triumph Group stock opened at $18.89 on Wednesday. The stock has a market cap of $1.46 billion, a P/E ratio of 2.77 and a beta of 2.52. The business’s 50 day moving average is $16.22 and its 200-day moving average is $15.12. Triumph Group, Inc. has a 12-month low of $11.01 and a 12-month high of $19.71.

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.