XTX Topco Ltd Cuts Position in Triumph Group, Inc. (NYSE:TGI)

XTX Topco Ltd lowered its holdings in shares of Triumph Group, Inc. (NYSE:TGI) by 7.1% during the third quarter, HoldingsChannel.com reports. The firm owned 41,571 shares of the aerospace company’s stock after selling 3,171 shares during the period. XTX Topco Ltd’s holdings in Triumph Group were worth $536,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. State Street Corp raised its stake in shares of Triumph Group by 7.8% during the 3rd quarter. State Street Corp now owns 4,447,835 shares of the aerospace company’s stock worth $57,333,000 after buying an additional 322,048 shares during the period. Janus Henderson Group PLC raised its position in Triumph Group by 55.9% during the third quarter. Janus Henderson Group PLC now owns 41,092 shares of the aerospace company’s stock worth $530,000 after acquiring an additional 14,728 shares during the period. Centiva Capital LP purchased a new position in Triumph Group during the third quarter valued at $255,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Triumph Group by 2.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 162,773 shares of the aerospace company’s stock valued at $2,098,000 after purchasing an additional 3,995 shares during the period. Finally, MetLife Investment Management LLC increased its stake in shares of Triumph Group by 5.3% during the third quarter. MetLife Investment Management LLC now owns 40,780 shares of the aerospace company’s stock worth $526,000 after purchasing an additional 2,043 shares in the last quarter. 94.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on TGI shares. TD Cowen raised their price target on shares of Triumph Group from $14.00 to $20.00 and gave the company a “hold” rating in a research note on Wednesday, November 13th. Truist Financial boosted their price target on Triumph Group from $12.00 to $18.00 and gave the stock a “hold” rating in a research report on Wednesday, November 13th. StockNews.com upgraded Triumph Group from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. Barclays lifted their target price on shares of Triumph Group from $16.00 to $21.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 19th. Finally, Bank of America cut shares of Triumph Group from a “buy” rating to an “underperform” rating and reduced their target price for the company from $17.00 to $12.00 in a research report on Tuesday, September 24th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Triumph Group presently has a consensus rating of “Hold” and an average target price of $16.67.

Triumph Group Stock Down 1.0 %

Shares of TGI opened at $18.42 on Friday. The stock has a fifty day simple moving average of $16.58 and a two-hundred day simple moving average of $15.21. The company has a market capitalization of $1.42 billion, a PE ratio of 2.70 and a beta of 2.52. Triumph Group, Inc. has a 52-week low of $11.01 and a 52-week high of $19.71.

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.