Triumph Group, Inc. (NYSE:TGI) Shares Bought by Cornerstone Wealth Management LLC

Cornerstone Wealth Management LLC increased its position in shares of Triumph Group, Inc. (NYSE:TGI) by 3.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 15,964 shares of the aerospace company’s stock after acquiring an additional 580 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in Triumph Group were worth $298,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its stake in shares of Triumph Group by 12.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,054,841 shares of the aerospace company’s stock worth $16,254,000 after purchasing an additional 116,900 shares during the last quarter. Canada Pension Plan Investment Board acquired a new position in Triumph Group in the second quarter worth approximately $125,000. Public Sector Pension Investment Board grew its position in Triumph Group by 6.0% in the second quarter. Public Sector Pension Investment Board now owns 169,132 shares of the aerospace company’s stock worth $2,606,000 after buying an additional 9,642 shares during the last quarter. Marshall Wace LLP grew its position in Triumph Group by 318.2% in the second quarter. Marshall Wace LLP now owns 324,778 shares of the aerospace company’s stock worth $5,005,000 after buying an additional 247,117 shares during the last quarter. Finally, Squarepoint Ops LLC grew its position in Triumph Group by 255.7% in the second quarter. Squarepoint Ops LLC now owns 143,490 shares of the aerospace company’s stock worth $2,211,000 after buying an additional 103,149 shares during the last quarter. 94.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on TGI shares. TD Cowen upgraded Triumph Group to a “hold” rating in a report on Thursday, December 19th. JPMorgan Chase & Co. cut Triumph Group from a “neutral” rating to an “underweight” rating and dropped their price target for the stock from $15.00 to $12.00 in a research note on Monday, October 14th. Truist Financial lifted their price target on Triumph Group from $18.00 to $19.00 and gave the stock a “hold” rating in a research note on Tuesday, January 14th. Barclays boosted their price target on shares of Triumph Group from $16.00 to $21.00 and gave the company an “overweight” rating in a report on Tuesday, November 19th. Finally, StockNews.com upgraded shares of Triumph Group from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $16.38.

Triumph Group Trading Down 0.9 %

NYSE TGI opened at $18.93 on Monday. Triumph Group, Inc. has a 1-year low of $11.01 and a 1-year high of $19.71. The company has a market capitalization of $1.46 billion, a PE ratio of 2.78 and a beta of 2.53. The firm’s fifty day simple moving average is $18.75 and its 200-day simple moving average is $15.99.

About Triumph Group

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.