Triumph Group (NYSE:TGI) Upgraded to “Hold” at TD Cowen

Triumph Group (NYSE:TGI) was upgraded by stock analysts at TD Cowen to a “hold” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

A number of other brokerages have also recently weighed in on TGI. Bank of America cut Triumph Group from a “buy” rating to an “underperform” rating and lowered their price target for the company from $17.00 to $12.00 in a research report on Tuesday, September 24th. Truist Financial increased their target price on shares of Triumph Group from $12.00 to $18.00 and gave the stock a “hold” rating in a research report on Wednesday, November 13th. JPMorgan Chase & Co. lowered shares of Triumph Group from a “neutral” rating to an “underweight” rating and reduced their price target for the company from $15.00 to $12.00 in a research report on Monday, October 14th. StockNews.com raised shares of Triumph Group from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. Finally, 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. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $16.67.

Triumph Group Trading Up 1.6 %

TGI stock opened at $17.57 on Thursday. Triumph Group has a 1-year low of $11.01 and a 1-year high of $19.71. The business’s 50 day moving average is $17.03 and its 200-day moving average is $15.32. The firm has a market cap of $1.36 billion, a P/E ratio of 2.58 and a beta of 2.52.

Institutional Investors Weigh In On Triumph Group

Several hedge funds and other institutional investors have recently made changes to their positions in TGI. Quest Partners LLC acquired a new position in shares of Triumph Group during the second quarter valued at $41,000. Canada Pension Plan Investment Board acquired a new position in Triumph Group during the 2nd quarter valued at about $125,000. International Assets Investment Management LLC lifted its position in Triumph Group by 1,189.0% during the 3rd quarter. International Assets Investment Management LLC now owns 10,312 shares of the aerospace company’s stock valued at $133,000 after purchasing an additional 9,512 shares during the period. Centiva Capital LP acquired a new stake in shares of Triumph Group during the 3rd quarter worth approximately $255,000. Finally, Intech Investment Management LLC acquired a new stake in shares of Triumph Group during the 2nd quarter worth approximately $326,000. 94.53% of the stock is owned by institutional investors and hedge funds.

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.