StockNews.com Downgrades Triumph Group (NYSE:TGI) to Sell

StockNews.com lowered shares of Triumph Group (NYSE:TGI) from a hold rating to a sell rating in a research report sent to investors on Tuesday.

Several other equities analysts have also commented on the stock. Truist Financial dropped their price target on shares of Triumph Group from $15.00 to $12.00 and set a “hold” rating on the stock in a research note on Friday, October 18th. The Goldman Sachs Group cut shares of Triumph Group from a “buy” rating to a “neutral” rating and reduced their price target for the company from $19.00 to $15.00 in a research report on Tuesday, August 13th. Barclays decreased their price objective on shares of Triumph Group from $18.00 to $16.00 and set an “overweight” rating for the company in a research note on Monday, August 12th. Bank of America cut Triumph Group from a “buy” rating to an “underperform” rating and cut their target price for the stock from $17.00 to $12.00 in a research report on Tuesday, September 24th. Finally, JPMorgan Chase & Co. cut Triumph Group from a “neutral” rating to an “underweight” rating and decreased their target price for the company from $15.00 to $12.00 in a research report on Monday, October 14th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Triumph Group has an average rating of “Hold” and an average price target of $14.78.

Triumph Group Stock Performance

NYSE:TGI opened at $18.71 on Tuesday. Triumph Group has a 1 year low of $10.08 and a 1 year high of $19.71. The stock has a market cap of $1.45 billion, a P/E ratio of 2.82 and a beta of 2.48. The stock has a 50-day simple moving average of $13.92 and a 200-day simple moving average of $14.47.

Institutional Trading of Triumph Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Headlands Technologies LLC acquired a new position in shares of Triumph Group in the first quarter valued at approximately $35,000. Quest Partners LLC acquired a new position in Triumph Group in the 2nd quarter valued at $41,000. DekaBank Deutsche Girozentrale purchased a new position in Triumph Group during the 1st quarter worth $56,000. Lazard Asset Management LLC raised its position in Triumph Group by 98.3% during the 1st quarter. Lazard Asset Management LLC now owns 3,877 shares of the aerospace company’s stock worth $58,000 after buying an additional 1,922 shares during the last quarter. Finally, CWM LLC lifted its stake in shares of Triumph Group by 473.7% in the 2nd quarter. CWM LLC now owns 5,146 shares of the aerospace company’s stock worth $79,000 after acquiring an additional 4,249 shares during the period. 94.53% of the stock is owned by hedge funds and other institutional investors.

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.