Centiva Capital LP Takes Position in Triumph Group, Inc. (NYSE:TGI)

Centiva Capital LP bought a new position in shares of Triumph Group, Inc. (NYSE:TGI) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 19,800 shares of the aerospace company’s stock, valued at approximately $255,000.

Other large investors have also added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Triumph Group by 2.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 162,773 shares of the aerospace company’s stock valued at $2,098,000 after purchasing an additional 3,995 shares during the last quarter. MetLife Investment Management LLC raised its holdings in Triumph Group by 5.3% in the 3rd quarter. MetLife Investment Management LLC now owns 40,780 shares of the aerospace company’s stock valued at $526,000 after acquiring an additional 2,043 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Triumph Group by 4.3% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 998,900 shares of the aerospace company’s stock worth $12,876,000 after acquiring an additional 40,800 shares during the period. BNP Paribas Financial Markets lifted its holdings in Triumph Group by 13.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 449,792 shares of the aerospace company’s stock worth $5,798,000 after purchasing an additional 53,092 shares during the last quarter. Finally, Rock Point Advisors LLC increased its position in Triumph Group by 2.6% during the 3rd quarter. Rock Point Advisors LLC now owns 650,038 shares of the aerospace company’s stock worth $8,379,000 after buying an additional 16,705 shares during the period. Institutional investors own 94.53% of the company’s stock.

Triumph Group Stock Up 0.3 %

NYSE:TGI opened at $18.94 on Thursday. The firm has a market capitalization of $1.47 billion, a PE ratio of 2.78 and a beta of 2.52. The stock’s 50-day simple moving average is $16.34 and its 200 day simple moving average is $15.15. Triumph Group, Inc. has a twelve month low of $11.01 and a twelve month high of $19.71.

Analysts Set New Price Targets

TGI has been the subject of a number of recent research reports. Bank of America cut shares of Triumph Group from a “buy” rating to an “underperform” rating and reduced their target price for the company from $17.00 to $12.00 in a research report on Tuesday, September 24th. TD Cowen raised their target price on shares of Triumph Group from $14.00 to $20.00 and gave the stock a “hold” rating in a report on Wednesday, November 13th. Barclays boosted their price target on Triumph Group from $16.00 to $21.00 and gave the company an “overweight” rating in a research note on Tuesday, November 19th. StockNews.com upgraded Triumph Group from a “sell” rating to a “hold” rating in a research note on Wednesday, November 20th. Finally, Truist Financial upped their target price on Triumph Group from $12.00 to $18.00 and gave the company a “hold” rating in a research report on Wednesday, November 13th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $16.67.

Triumph Group Company 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.