Truist Financial Increases Triumph Group (NYSE:TGI) Price Target to $18.00

Triumph Group (NYSE:TGI) had its price objective lifted by Truist Financial from $12.00 to $18.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have a hold rating on the aerospace company’s stock.

A number of other equities research analysts have also weighed in on TGI. 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 report on Monday, August 12th. The Goldman Sachs Group lowered Triumph Group from a “buy” rating to a “neutral” rating and lowered their price target for the company from $19.00 to $15.00 in a report on Tuesday, August 13th. Jefferies Financial Group reaffirmed a “hold” rating and set a $14.00 target price (down from $20.00) on shares of Triumph Group in a research report on Monday, August 12th. JPMorgan Chase & Co. downgraded 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 report on Monday, October 14th. Finally, StockNews.com downgraded 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 assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $16.11.

Triumph Group Stock Down 2.2 %

TGI opened at $18.30 on Wednesday. The business has a fifty day moving average of $14.02 and a 200 day moving average of $14.50. Triumph Group has a 52-week low of $10.45 and a 52-week high of $19.71. The stock has a market cap of $1.42 billion, a P/E ratio of 2.69 and a beta of 2.48.

Institutional Investors Weigh In On Triumph Group

A number of large investors have recently modified their holdings of TGI. MetLife Investment Management LLC raised its stake in shares of Triumph Group by 5.3% in the third quarter. MetLife Investment Management LLC now owns 40,780 shares of the aerospace company’s stock worth $526,000 after purchasing an additional 2,043 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its position in Triumph Group by 4.3% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 998,900 shares of the aerospace company’s stock valued at $12,876,000 after buying an additional 40,800 shares during the period. BNP Paribas Financial Markets increased its stake in shares of Triumph Group by 13.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 449,792 shares of the aerospace company’s stock valued at $5,798,000 after purchasing an additional 53,092 shares in the last quarter. Rock Point Advisors LLC increased its position in shares of Triumph Group by 2.6% in the third quarter. Rock Point Advisors LLC now owns 650,038 shares of the aerospace company’s stock valued at $8,379,000 after buying an additional 16,705 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in Triumph Group by 7.1% during the third quarter. The Manufacturers Life Insurance Company now owns 37,864 shares of the aerospace company’s stock worth $488,000 after acquiring an additional 2,524 shares during the period. 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.