Ameriprise Financial Inc. Cuts Holdings in Triumph Group, Inc. (NYSE:TGI)

Ameriprise Financial Inc. decreased its position in Triumph Group, Inc. (NYSE:TGI) by 10.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 775,684 shares of the aerospace company’s stock after selling 90,909 shares during the period. Ameriprise Financial Inc. owned about 1.00% of Triumph Group worth $14,474,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TGI. Fisher Asset Management LLC increased its stake in shares of Triumph Group by 17.9% during the fourth quarter. Fisher Asset Management LLC now owns 1,829,860 shares of the aerospace company’s stock worth $34,145,000 after purchasing an additional 277,333 shares in the last quarter. First Trust Advisors LP increased its stake in shares of Triumph Group by 59.6% during the fourth quarter. First Trust Advisors LP now owns 1,702,245 shares of the aerospace company’s stock worth $31,764,000 after purchasing an additional 635,568 shares in the last quarter. American Century Companies Inc. purchased a new stake in shares of Triumph Group during the fourth quarter worth about $30,845,000. Norges Bank purchased a new stake in shares of Triumph Group during the fourth quarter worth about $15,945,000. Finally, Invesco Ltd. increased its stake in shares of Triumph Group by 4.6% during the fourth quarter. Invesco Ltd. now owns 838,571 shares of the aerospace company’s stock worth $15,648,000 after purchasing an additional 37,253 shares in the last quarter. Hedge funds and other institutional investors own 94.53% of the company’s stock.

Triumph Group Price Performance

NYSE:TGI opened at $25.68 on Friday. The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of 3.57 and a beta of 2.34. The company’s 50-day moving average is $25.26 and its two-hundred day moving average is $22.01. Triumph Group, Inc. has a 1-year low of $11.01 and a 1-year high of $25.75.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Barclays cut shares of Triumph Group from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $21.00 to $26.00 in a research note on Thursday, February 6th. Truist Financial boosted their price target on shares of Triumph Group from $19.00 to $26.00 and gave the stock a “hold” rating in a research report on Tuesday, February 4th. StockNews.com started coverage on shares of Triumph Group in a research report on Monday, May 12th. They set a “hold” rating on the stock. Baird R W lowered shares of Triumph Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Finally, Wolfe Research lowered shares of Triumph Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, February 10th. One research analyst has rated the stock with a sell rating and ten have assigned a hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $20.63.

Insider Buying and Selling at Triumph Group

In other Triumph Group news, CAO Jennifer H. Allen sold 35,000 shares of the business’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $25.32, for a total value of $886,200.00. Following the transaction, the chief accounting officer now directly owns 51,696 shares in the company, valued at $1,308,942.72. The trade was a 40.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 2.31% of the stock is currently owned by company insiders.

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.