American Trust Acquires Shares of 9,204 Triumph Group, Inc. (NYSE:TGI)

American Trust acquired a new stake in Triumph Group, Inc. (NYSE:TGIGet Rating) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 9,204 shares of the aerospace company’s stock, valued at approximately $233,000.

Several other large investors also recently modified their holdings of the business. Mutual of America Capital Management LLC grew its stake in shares of Triumph Group by 5.5% during the first quarter. Mutual of America Capital Management LLC now owns 9,311 shares of the aerospace company’s stock valued at $235,000 after acquiring an additional 484 shares in the last quarter. Maryland State Retirement & Pension System grew its stake in shares of Triumph Group by 2.8% during the first quarter. Maryland State Retirement & Pension System now owns 26,134 shares of the aerospace company’s stock valued at $661,000 after acquiring an additional 716 shares in the last quarter. Teacher Retirement System of Texas grew its stake in shares of Triumph Group by 6.7% during the first quarter. Teacher Retirement System of Texas now owns 13,400 shares of the aerospace company’s stock valued at $339,000 after acquiring an additional 845 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in shares of Triumph Group during the first quarter valued at about $25,000. Finally, Public Sector Pension Investment Board grew its stake in shares of Triumph Group by 0.8% during the fourth quarter. Public Sector Pension Investment Board now owns 131,595 shares of the aerospace company’s stock valued at $2,438,000 after acquiring an additional 1,060 shares in the last quarter. 95.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TGI has been the subject of several recent analyst reports. The Goldman Sachs Group lowered their target price on Triumph Group from $18.00 to $16.00 and set a “neutral” rating for the company in a research note on Tuesday, July 12th. Barclays decreased their price target on Triumph Group from $20.00 to $13.00 in a research note on Tuesday, June 21st. StockNews.com downgraded Triumph Group from a “hold” rating to a “sell” rating in a research note on Tuesday, September 13th. Finally, Truist Financial decreased their target price on Triumph Group from $24.00 to $20.00 and set a “buy” rating for the company in a research note on Tuesday, July 19th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $20.83.

Triumph Group Price Performance

Shares of NYSE:TGI opened at $10.25 on Tuesday. Triumph Group, Inc. has a 12 month low of $9.81 and a 12 month high of $27.85. The stock has a market cap of $665.94 million, a price-to-earnings ratio of -29.29, a PEG ratio of 12.31 and a beta of 2.67. The stock’s 50 day moving average price is $13.74 and its 200 day moving average price is $17.64.

Triumph Group Profile

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Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls, and distributes aerostructures, aircraft components, accessories, subassemblies, and systems worldwide. It operates in two segments, Triumph Systems & Support, and Triumph Aerospace Structures. 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, exhaust nozzles and ducting, 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.

See Also

Institutional Ownership by Quarter for Triumph Group (NYSE:TGI)

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