Healthcare of Ontario Pension Plan Trust Fund Has $12.88 Million Stock Position in Triumph Group, Inc. (NYSE:TGI)

Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Triumph Group, Inc. (NYSE:TGI) by 4.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 998,900 shares of the aerospace company’s stock after purchasing an additional 40,800 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned approximately 1.29% of Triumph Group worth $12,876,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. BNP Paribas Financial Markets grew its stake in Triumph Group by 13.4% during the third 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 period. Rock Point Advisors LLC grew its stake in Triumph Group by 2.6% during the third quarter. Rock Point Advisors LLC now owns 650,038 shares of the aerospace company’s stock worth $8,379,000 after purchasing an additional 16,705 shares during the period. The Manufacturers Life Insurance Company grew its stake in Triumph Group by 7.1% during the third quarter. The Manufacturers Life Insurance Company now owns 37,864 shares of the aerospace company’s stock worth $488,000 after purchasing an additional 2,524 shares during the period. Fisher Asset Management LLC grew its stake in Triumph Group by 0.3% during the third quarter. Fisher Asset Management LLC now owns 1,552,527 shares of the aerospace company’s stock worth $20,012,000 after purchasing an additional 5,377 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in Triumph Group by 4.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 679,993 shares of the aerospace company’s stock worth $8,765,000 after purchasing an additional 26,969 shares during the period. Institutional investors and hedge funds own 94.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on TGI. Truist Financial raised their target price on Triumph Group from $12.00 to $18.00 and gave the stock a “hold” rating in a research note on Wednesday, November 13th. Bank of America cut Triumph Group from a “buy” rating to an “underperform” rating and reduced their price objective for the company from $17.00 to $12.00 in a research note on Tuesday, September 24th. Barclays raised their price objective on Triumph Group from $16.00 to $21.00 and gave the company an “overweight” rating in a research note on Tuesday, November 19th. TD Cowen raised their price objective on Triumph Group from $14.00 to $20.00 and gave the company a “hold” rating in a research note on Wednesday, November 13th. Finally, Jefferies Financial Group restated a “hold” rating and issued a $14.00 target price (down previously from $20.00) on shares of Triumph Group in a report on Monday, August 12th. Two 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. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $16.67.

Triumph Group Trading Down 3.2 %

Shares of Triumph Group stock opened at $18.77 on Friday. The firm has a market capitalization of $1.45 billion, a P/E ratio of 2.76 and a beta of 2.48. The business’s fifty day simple moving average is $15.15 and its 200 day simple moving average is $14.84. Triumph Group, Inc. has a 12 month low of $10.65 and a 12 month high of $19.71.

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.