Deutsche Bank AG Purchases 25,075 Shares of Triumph Group, Inc. (NYSE:TGI)

Deutsche Bank AG lifted its position in Triumph Group, Inc. (NYSE:TGI) by 67.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,168 shares of the aerospace company’s stock after acquiring an additional 25,075 shares during the quarter. Deutsche Bank AG owned 0.08% of Triumph Group worth $1,160,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Barclays PLC boosted its stake in Triumph Group by 155.8% in the third quarter. Barclays PLC now owns 148,530 shares of the aerospace company’s stock valued at $1,915,000 after acquiring an additional 90,456 shares in the last quarter. Cornerstone Wealth Management LLC lifted its holdings in shares of Triumph Group by 3.8% during the 4th quarter. Cornerstone Wealth Management LLC now owns 15,964 shares of the aerospace company’s stock valued at $298,000 after purchasing an additional 580 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Triumph Group by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 374,896 shares of the aerospace company’s stock worth $6,996,000 after purchasing an additional 10,629 shares in the last quarter. Illinois Municipal Retirement Fund purchased a new position in Triumph Group during the 4th quarter worth $788,000. Finally, Fisher Asset Management LLC grew its stake in Triumph Group by 17.9% during the 4th quarter. Fisher Asset Management LLC now owns 1,829,860 shares of the aerospace company’s stock worth $34,145,000 after buying an additional 277,333 shares during the last quarter. 94.53% of the stock is owned by hedge funds and other institutional investors.

Triumph Group Stock Up 0.0%

Shares of NYSE TGI opened at $25.68 on Monday. The stock has a market capitalization of $1.99 billion, a PE ratio of 3.57 and a beta of 2.34. The firm has a fifty day moving average of $25.29 and a 200-day moving average of $22.45. Triumph Group, Inc. has a 52-week low of $11.01 and a 52-week high of $25.75.

Wall Street Analyst Weigh In

TGI has been the subject of a number of recent research reports. JPMorgan Chase & Co. upgraded Triumph Group from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $17.00 to $26.00 in a research note on Tuesday, April 15th. Robert W. Baird reiterated a “neutral” rating and set a $26.00 price target (up from $20.00) on shares of Triumph Group in a research report on Tuesday, February 4th. Wall Street Zen assumed coverage on Triumph Group in a report on Tuesday, May 20th. They issued a “hold” rating for the company. Baird R W cut shares of Triumph Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Finally, Wolfe Research lowered shares of Triumph Group from an “outperform” rating to a “peer perform” rating in a report on Monday, February 10th. One investment analyst has rated the stock with a sell rating and ten have given a hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $20.63.

Insiders Place Their Bets

In other 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 completion of the sale, the chief accounting officer now owns 51,696 shares of the company’s stock, valued at approximately $1,308,942.72. The trade was a 40.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.31% of the stock is owned by company insiders.

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.