UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 3,995 Shares of Triumph Group, Inc. (NYSE:TGI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Triumph Group, Inc. (NYSE:TGI) by 2.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 162,773 shares of the aerospace company’s stock after purchasing an additional 3,995 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.21% of Triumph Group worth $2,098,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Fisher Asset Management LLC increased its stake in shares of Triumph Group by 0.3% in the 3rd 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 during the last quarter. Point72 Asset Management L.P. boosted its holdings in shares of Triumph Group by 12.5% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,516,707 shares of the aerospace company’s stock valued at $23,372,000 after acquiring an additional 168,607 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Triumph Group by 12.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,054,841 shares of the aerospace company’s stock valued at $16,254,000 after acquiring an additional 116,900 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Triumph Group by 140.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,031,717 shares of the aerospace company’s stock valued at $13,299,000 after acquiring an additional 603,067 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Triumph Group by 4.3% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 998,900 shares of the aerospace company’s stock valued at $12,876,000 after acquiring an additional 40,800 shares in the last quarter. Institutional investors own 94.53% of the company’s stock.

Analyst Ratings Changes

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

Triumph Group Price Performance

Shares of Triumph Group stock opened at $18.42 on Monday. Triumph Group, Inc. has a one year low of $11.01 and a one year high of $19.71. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of 2.70 and a beta of 2.52. The business has a 50-day simple moving average of $16.58 and a 200 day simple moving average of $15.22.

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.