Triumph Group, Inc. (NYSE:TGI) Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. raised its holdings in shares of Triumph Group, Inc. (NYSE:TGI) by 124.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,318,285 shares of the aerospace company’s stock after acquiring an additional 1,286,568 shares during the period. Assenagon Asset Management S.A.’s holdings in Triumph Group were worth $43,259,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its stake in shares of Triumph Group by 1,207.4% during the third quarter. JPMorgan Chase & Co. now owns 538,904 shares of the aerospace company’s stock valued at $6,946,000 after purchasing an additional 497,684 shares in the last quarter. State Street Corp raised its position 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 in the last quarter. Marshall Wace LLP lifted its stake in shares of Triumph Group by 318.2% in the 2nd quarter. Marshall Wace LLP now owns 324,778 shares of the aerospace company’s stock worth $5,005,000 after acquiring an additional 247,117 shares during the period. Point72 Asset Management L.P. boosted its holdings in shares of Triumph Group by 12.5% in the second 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. Finally, AQR Capital Management LLC increased its stake in shares of Triumph Group by 78.5% during the second quarter. AQR Capital Management LLC now owns 361,976 shares of the aerospace company’s stock valued at $5,578,000 after acquiring an additional 159,154 shares during the period. Institutional investors and hedge funds own 94.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. lowered Triumph Group from a “neutral” rating to an “underweight” rating and decreased their price target for the company from $15.00 to $12.00 in a research note on Monday, October 14th. TD Cowen raised Triumph Group to a “hold” rating in a report on Thursday, December 19th. StockNews.com raised shares of Triumph Group from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. Bank of America cut shares of Triumph Group from a “buy” rating to an “underperform” rating and lowered their price objective for the stock from $17.00 to $12.00 in a research note on Tuesday, September 24th. Finally, Barclays raised their target price on shares of Triumph Group from $16.00 to $21.00 and gave the stock an “overweight” rating in a report on Tuesday, November 19th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $16.38.

Triumph Group Stock Performance

Triumph Group stock opened at $18.86 on Friday. 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 $1.46 billion, a price-to-earnings ratio of 2.77 and a beta of 2.53. The company has a 50 day moving average price of $18.49 and a 200 day moving average price of $15.82.

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.