BNP Paribas Financial Markets Trims Stock Position in Triumph Group, Inc. (NYSE:TGI)

BNP Paribas Financial Markets lowered its stake in Triumph Group, Inc. (NYSE:TGI - Free Report) by 16.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 373,625 shares of the aerospace company's stock after selling 76,167 shares during the period. BNP Paribas Financial Markets owned approximately 0.48% of Triumph Group worth $6,972,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Assenagon Asset Management S.A. increased its holdings in shares of Triumph Group by 124.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,318,285 shares of the aerospace company's stock valued at $43,259,000 after purchasing an additional 1,286,568 shares during the period. Barclays PLC grew its holdings in Triumph Group by 155.8% during the third quarter. Barclays PLC now owns 148,530 shares of the aerospace company's stock worth $1,915,000 after acquiring an additional 90,456 shares during the period. Raymond James Financial Inc. acquired a new position in Triumph Group during the fourth quarter worth $1,095,000. JPMorgan Chase & Co. grew its holdings in Triumph Group by 1,207.4% during the third quarter. JPMorgan Chase & Co. now owns 538,904 shares of the aerospace company's stock worth $6,946,000 after acquiring an additional 497,684 shares during the period. Finally, American Century Companies Inc. acquired a new position in Triumph Group during the fourth quarter worth $30,845,000. Institutional investors and hedge funds own 94.53% of the company's stock.

Triumph Group Price Performance

Triumph Group stock traded up $0.01 during trading hours on Friday, hitting $25.68. The stock had a trading volume of 907,405 shares, compared to its average volume of 1,236,537. The stock has a market capitalization of $1.99 billion, a price-to-earnings 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. The stock's fifty day moving average is $25.26 and its two-hundred day moving average is $22.06.

Insider Buying and Selling at Triumph Group

In other news, CAO Jennifer H. Allen sold 35,000 shares of the company's stock in a transaction on Thursday, March 13th. The stock was 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 in the company, valued at $1,308,942.72. This represents a 40.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.31% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on TGI. StockNews.com began coverage on Triumph Group in a report on Monday, May 12th. They set a "hold" rating on the stock. JPMorgan Chase & Co. raised Triumph Group from an "underweight" rating to a "neutral" rating and upped their price objective for the stock from $17.00 to $26.00 in a report on Tuesday, April 15th. Truist Financial upped their price objective on Triumph Group from $19.00 to $26.00 and gave the stock a "hold" rating in a report on Tuesday, February 4th. Robert W. Baird reaffirmed a "neutral" rating and set a $26.00 price objective (up previously from $20.00) on shares of Triumph Group in a report on Tuesday, February 4th. Finally, Barclays lowered 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. One research analyst has rated the stock with a sell rating and ten have assigned a hold rating to the stock. According to MarketBeat, Triumph Group has a consensus rating of "Hold" and a consensus target price of $20.63.

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.