Triumph Group, Inc. (NYSE:TGI) Shares Sold by tru Independence LLC

tru Independence LLC lowered its stake in Triumph Group, Inc. (NYSE:TGI) by 6.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 417,688 shares of the aerospace company’s stock after selling 30,113 shares during the period. Triumph Group accounts for 2.4% of tru Independence LLC’s holdings, making the stock its 9th largest holding. tru Independence LLC owned approximately 0.54% of Triumph Group worth $7,794,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of TGI. Old West Investment Management LLC raised its position 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 worth $547,000 after acquiring an additional 565 shares during the last quarter. Cornerstone Wealth Management LLC lifted its holdings in Triumph Group by 3.8% in the fourth quarter. Cornerstone Wealth Management LLC now owns 15,964 shares of the aerospace company’s stock valued at $298,000 after buying an additional 580 shares during the period. The Manufacturers Life Insurance Company boosted its position in Triumph Group by 4.1% during the second quarter. The Manufacturers Life Insurance Company now owns 35,340 shares of the aerospace company’s stock valued at $545,000 after acquiring an additional 1,405 shares during the last quarter. MetLife Investment Management LLC boosted its position in Triumph Group by 5.3% during the third quarter. MetLife Investment Management LLC now owns 40,780 shares of the aerospace company’s stock valued at $526,000 after acquiring an additional 2,043 shares during the last quarter. Finally, GSA Capital Partners LLP grew its holdings 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 acquiring an additional 3,253 shares during the period. Institutional investors own 94.53% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on TGI shares. StockNews.com upgraded shares of Triumph Group from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. cut Triumph Group from a “neutral” rating to an “underweight” rating and cut their target price for the stock from $15.00 to $12.00 in a report on Monday, October 14th. Truist Financial boosted their price target on shares of Triumph Group from $18.00 to $19.00 and gave the company a “hold” rating in a research note on Tuesday, January 14th. Barclays lifted their price objective on shares of Triumph Group from $16.00 to $21.00 and gave the company an “overweight” rating in a report on Tuesday, November 19th. Finally, TD Cowen raised Triumph Group to a “hold” rating in a research report on Thursday, December 19th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $16.38.

Triumph Group Stock Performance

Shares of NYSE:TGI opened at $18.74 on Monday. Triumph Group, Inc. has a 52-week low of $11.01 and a 52-week high of $19.71. The firm has a market capitalization of $1.45 billion, a PE ratio of 2.76 and a beta of 2.53. The firm has a fifty day moving average of $18.75 and a 200 day moving average of $15.99.

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.