Triumph Group, Inc. (NYSE:TGI) Shares Acquired by Fisher Asset Management LLC

Fisher Asset Management LLC increased its position in shares of Triumph Group, Inc. (NYSE:TGI) by 0.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,552,527 shares of the aerospace company’s stock after purchasing an additional 5,377 shares during the quarter. Fisher Asset Management LLC owned 2.01% of Triumph Group worth $20,012,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. boosted its holdings in shares of Triumph Group by 4.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 679,993 shares of the aerospace company’s stock valued at $8,765,000 after buying an additional 26,969 shares during the period. Intech Investment Management LLC boosted its stake in Triumph Group by 61.2% in the third quarter. Intech Investment Management LLC now owns 34,152 shares of the aerospace company’s stock valued at $440,000 after acquiring an additional 12,965 shares during the period. Sasco Capital Inc. CT grew its holdings in shares of Triumph Group by 50.5% during the third quarter. Sasco Capital Inc. CT now owns 71,473 shares of the aerospace company’s stock valued at $921,000 after purchasing an additional 23,990 shares during the last quarter. GSA Capital Partners LLP raised its position in shares of Triumph Group by 14.1% during the 3rd quarter. GSA Capital Partners LLP now owns 26,374 shares of the aerospace company’s stock worth $340,000 after purchasing an additional 3,253 shares during the period. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Triumph Group by 140.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,031,717 shares of the aerospace company’s stock worth $13,299,000 after purchasing an additional 603,067 shares during the last quarter. Institutional investors and hedge funds own 94.53% of the company’s stock.

Triumph Group Price Performance

NYSE TGI opened at $18.77 on Thursday. Triumph Group, Inc. has a 12 month low of $10.65 and a 12 month high of $19.71. The firm has a market capitalization of $1.45 billion, a PE ratio of 2.76 and a beta of 2.48. The company’s 50 day simple moving average is $15.04 and its 200 day simple moving average is $14.81.

Analysts Set New Price Targets

TGI has been the topic of several analyst reports. Bank of America lowered Triumph Group from a “buy” rating to an “underperform” rating and dropped their target price for the stock from $17.00 to $12.00 in a research report on Tuesday, September 24th. StockNews.com raised shares of Triumph Group from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. TD Cowen lifted their price objective on shares of Triumph Group from $14.00 to $20.00 and gave the company a “hold” rating in a research report on Wednesday, November 13th. JPMorgan Chase & Co. cut shares of Triumph Group from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $15.00 to $12.00 in a research report on Monday, October 14th. Finally, Barclays lifted their price target on Triumph Group from $16.00 to $21.00 and gave the company an “overweight” rating in a report on Tuesday, November 19th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $16.67.

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.