Triumph Group (NYSE:TGI) Price Target Raised to $20.00

Triumph Group (NYSE:TGI) had its price target hoisted by TD Cowen from $14.00 to $20.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a hold rating on the aerospace company’s stock.

Other analysts have also recently issued research reports about the company. Barclays reduced their price target on Triumph Group from $18.00 to $16.00 and set an “overweight” rating for the company in a research report on Monday, August 12th. Truist Financial raised their target price on shares of Triumph Group from $12.00 to $18.00 and gave the stock a “hold” rating in a research note on Wednesday. Jefferies Financial Group reiterated a “hold” rating and issued a $14.00 price target (down from $20.00) on shares of Triumph Group in a research report on Monday, August 12th. Bank of America lowered Triumph Group from a “buy” rating to an “underperform” rating and dropped their price target for the company from $17.00 to $12.00 in a research note on Tuesday, September 24th. Finally, StockNews.com cut Triumph Group from a “hold” rating to a “sell” rating in a report on Tuesday. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $16.11.

Triumph Group Stock Down 2.2 %

Triumph Group stock opened at $18.30 on Wednesday. The business has a 50-day simple moving average of $14.02 and a two-hundred day simple moving average of $14.50. Triumph Group has a 52-week low of $10.45 and a 52-week high of $19.71. The company has a market cap of $1.42 billion, a P/E ratio of 2.69 and a beta of 2.48.

Institutional Trading of Triumph Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Louisiana State Employees Retirement System boosted its stake in shares of Triumph Group by 1.6% during the second quarter. Louisiana State Employees Retirement System now owns 38,700 shares of the aerospace company’s stock valued at $596,000 after purchasing an additional 600 shares during the period. ProShare Advisors LLC lifted its holdings in Triumph Group by 7.2% during the 1st quarter. ProShare Advisors LLC now owns 13,263 shares of the aerospace company’s stock valued at $199,000 after buying an additional 892 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in Triumph Group by 4.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 35,340 shares of the aerospace company’s stock valued at $545,000 after buying an additional 1,405 shares during the period. Lazard Asset Management LLC increased its position in shares of Triumph Group by 98.3% during the first quarter. Lazard Asset Management LLC now owns 3,877 shares of the aerospace company’s stock worth $58,000 after acquiring an additional 1,922 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Triumph Group by 10.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,493 shares of the aerospace company’s stock valued at $347,000 after acquiring an additional 2,043 shares in the last quarter. Hedge funds and other institutional investors own 94.53% of the company’s stock.

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.