Analysts Set Triumph Group, Inc. (NYSE:TGI) PT at $16.38

Triumph Group, Inc. (NYSE:TGI) has earned a consensus recommendation of “Hold” from the nine research firms that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $18.22.

TGI has been the subject of a number of research analyst reports. StockNews.com raised shares of Triumph Group from a “sell” rating to a “hold” rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. cut Triumph Group from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $15.00 to $12.00 in a report on Monday, October 14th. Robert W. Baird reiterated a “neutral” rating and set a $26.00 target price (up previously from $20.00) on shares of Triumph Group in a report on Tuesday. Barclays boosted their target price on Triumph Group from $16.00 to $21.00 and gave the stock an “overweight” rating in a report on Tuesday, November 19th. Finally, Truist Financial boosted their target price on Triumph Group from $19.00 to $26.00 and gave the stock a “hold” rating in a report on Tuesday.

Triumph Group Price Performance

NYSE TGI opened at $25.11 on Friday. Triumph Group has a 12 month low of $11.01 and a 12 month high of $25.34. The company has a 50-day moving average of $18.98 and a 200-day moving average of $16.19. The company has a market cap of $1.94 billion, a P/E ratio of 3.69 and a beta of 2.51.

Hedge Funds Weigh In On Triumph Group

A number of institutional investors and hedge funds have recently bought and sold shares of TGI. Old West Investment Management LLC boosted its stake in shares of Triumph Group by 1.3% during the 3rd quarter. Old West Investment Management LLC now owns 42,426 shares of the aerospace company’s stock valued at $547,000 after buying an additional 565 shares during the last quarter. Cornerstone Wealth Management LLC boosted its stake in shares of Triumph Group by 3.8% during the 4th quarter. Cornerstone Wealth Management LLC now owns 15,964 shares of the aerospace company’s stock valued at $298,000 after buying an additional 580 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Triumph Group by 4.1% during 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 last quarter. MetLife Investment Management LLC boosted its stake in shares of Triumph Group by 5.3% during the 3rd quarter. MetLife Investment Management LLC now owns 40,780 shares of the aerospace company’s stock valued at $526,000 after buying an additional 2,043 shares during the last quarter. Finally, GSA Capital Partners LLP boosted its stake in shares of Triumph Group by 14.1% during the 3rd quarter. GSA Capital Partners LLP now owns 26,374 shares of the aerospace company’s stock valued at $340,000 after buying an additional 3,253 shares during 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.