Point72 Asia Singapore Pte. Ltd. Acquires 2,484 Shares of Triumph Group, Inc. (NYSE:TGI)

Point72 Asia Singapore Pte. Ltd. lifted its holdings in Triumph Group, Inc. (NYSE:TGI) by 58.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 6,761 shares of the aerospace company’s stock after acquiring an additional 2,484 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in Triumph Group were worth $126,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Barclays PLC raised its holdings in Triumph Group by 155.8% during the 3rd quarter. Barclays PLC now owns 148,530 shares of the aerospace company’s stock valued at $1,915,000 after buying an additional 90,456 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Triumph Group during the 4th quarter valued at $1,095,000. American Century Companies Inc. bought a new stake in Triumph Group during the 4th quarter valued at $30,845,000. Principal Financial Group Inc. raised its holdings in Triumph Group by 2.9% during the 4th quarter. Principal Financial Group Inc. now owns 374,896 shares of the aerospace company’s stock valued at $6,996,000 after buying an additional 10,629 shares during the last quarter. Finally, Fisher Asset Management LLC raised its holdings in Triumph Group by 17.9% during the 4th quarter. Fisher Asset Management LLC now owns 1,829,860 shares of the aerospace company’s stock valued at $34,145,000 after buying an additional 277,333 shares during the last quarter. 94.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on TGI shares. Baird R W lowered shares of Triumph Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 4th. Wolfe Research lowered shares of Triumph Group from an “outperform” rating to a “peer perform” rating in a report on Monday, February 10th. Robert W. Baird restated a “neutral” rating and issued a $26.00 price objective (up from $20.00) on shares of Triumph Group in a report on Tuesday, February 4th. Barclays lowered shares of Triumph Group from an “overweight” rating to an “equal weight” rating and upped their price objective for the stock from $21.00 to $26.00 in a report on Thursday, February 6th. Finally, Truist Financial upped their price objective on shares of Triumph Group from $19.00 to $26.00 and gave the stock a “hold” rating in a report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating and ten have given a hold rating to the company’s stock. According to data from MarketBeat, Triumph Group has a consensus rating of “Hold” and an average price target of $20.63.

Triumph Group Price Performance

NYSE:TGI opened at $25.68 on Friday. The firm’s 50-day moving average price is $25.26 and its 200-day moving average price is $22.01. The company has a market capitalization of $1.99 billion, a PE ratio of 3.57 and a beta of 2.34. Triumph Group, Inc. has a 1-year low of $11.01 and a 1-year high of $25.75.

Insider Transactions at Triumph Group

In other news, CAO Jennifer H. Allen sold 35,000 shares of the company’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $25.32, for a total value of $886,200.00. Following the sale, the chief accounting officer now directly owns 51,696 shares of the company’s stock, valued at $1,308,942.72. This represents a 40.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.31% of the company’s stock.

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.