Point72 Asia Singapore Pte. Ltd. Increases Stake in Triumph Group, Inc. (NYSE:TGI)

Point72 Asia Singapore Pte. Ltd. boosted its position in shares of Triumph Group, Inc. (NYSE:TGI) by 58.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 6,761 shares of the aerospace company’s stock after purchasing an additional 2,484 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in Triumph Group were worth $126,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. ProShare Advisors LLC grew its position in Triumph Group by 44.2% during the 4th quarter. ProShare Advisors LLC now owns 22,191 shares of the aerospace company’s stock valued at $414,000 after purchasing an additional 6,806 shares during the last quarter. Nuveen Asset Management LLC grew its position in Triumph Group by 16.4% during the 4th quarter. Nuveen Asset Management LLC now owns 248,644 shares of the aerospace company’s stock valued at $4,640,000 after purchasing an additional 34,974 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Triumph Group by 3.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,712 shares of the aerospace company’s stock valued at $778,000 after purchasing an additional 1,563 shares during the last quarter. Irenic Capital Management LP grew its position in Triumph Group by 19.9% during the 4th quarter. Irenic Capital Management LP now owns 3,787,022 shares of the aerospace company’s stock valued at $70,666,000 after purchasing an additional 628,296 shares during the last quarter. Finally, Hudson Bay Capital Management LP purchased a new stake in Triumph Group during the 4th quarter valued at about $2,572,000. 94.53% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CAO Jennifer H. Allen sold 35,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $25.32, for a total value of $886,200.00. Following the transaction, the chief accounting officer now owns 51,696 shares of the company’s stock, valued at approximately $1,308,942.72. This trade represents a 40.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.31% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

TGI has been the topic of several research analyst reports. Barclays cut shares of Triumph Group from an “overweight” rating to an “equal weight” rating and upped their target price for the company from $21.00 to $26.00 in a research note on Thursday, February 6th. JPMorgan Chase & Co. upgraded shares of Triumph Group from an “underweight” rating to a “neutral” rating and upped their target price for the company from $17.00 to $26.00 in a research note on Tuesday, April 15th. Truist Financial upped their target price on shares of Triumph Group from $19.00 to $26.00 and gave the company a “hold” rating in a research note on Tuesday, February 4th. Wolfe Research cut shares of Triumph Group from an “outperform” rating to a “peer perform” rating in a research note on Monday, February 10th. Finally, StockNews.com initiated coverage on shares of Triumph Group in a research note on Monday, May 12th. They set a “hold” rating on the stock. One analyst has rated the stock with a sell rating and ten have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $20.63.

Triumph Group Trading Up 0.0%

TGI opened at $25.68 on Friday. The company has a market cap of $1.99 billion, a price-to-earnings ratio of 3.57 and a beta of 2.34. The company’s 50 day moving average is $25.26 and its 200 day moving average is $22.01. Triumph Group, Inc. has a 12-month low of $11.01 and a 12-month high of $25.75.

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.