Triumph Group, Inc. (NYSE:TGI) Receives Average Rating of “Hold” from Brokerages

Shares of Triumph Group, Inc. (NYSE:TGI) have earned an average rating of “Hold” from the nine research firms that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $16.67.

TGI has been the topic of a number of analyst reports. JPMorgan Chase & Co. cut 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. 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. TD Cowen raised Triumph Group to a “hold” rating in a research note on Thursday, December 19th. Bank of America lowered Triumph Group from a “buy” rating to an “underperform” rating and lowered their price target for the stock from $17.00 to $12.00 in a research report on Tuesday, September 24th. Finally, Truist Financial increased their price objective on shares of Triumph Group from $12.00 to $18.00 and gave the company a “hold” rating in a research report on Wednesday, November 13th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in TGI. Assenagon Asset Management S.A. boosted its holdings in Triumph Group by 140.7% in the third quarter. Assenagon Asset Management S.A. now owns 1,031,717 shares of the aerospace company’s stock worth $13,299,000 after purchasing an additional 603,067 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Triumph Group by 1,207.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 538,904 shares of the aerospace company’s stock valued at $6,946,000 after buying an additional 497,684 shares during the period. State Street Corp boosted its stake in shares of Triumph Group by 7.8% in the 3rd quarter. State Street Corp now owns 4,447,835 shares of the aerospace company’s stock worth $57,333,000 after buying an additional 322,048 shares during the last quarter. Marshall Wace LLP grew its holdings in shares of Triumph Group by 318.2% in the second quarter. Marshall Wace LLP now owns 324,778 shares of the aerospace company’s stock worth $5,005,000 after acquiring an additional 247,117 shares during the period. Finally, Point72 Asset Management L.P. increased its position in Triumph Group by 12.5% during the second quarter. Point72 Asset Management L.P. now owns 1,516,707 shares of the aerospace company’s stock valued at $23,372,000 after acquiring an additional 168,607 shares during the last quarter. 94.53% of the stock is owned by hedge funds and other institutional investors.

Triumph Group Price Performance

Shares of Triumph Group stock opened at $18.35 on Monday. Triumph Group has a 1 year low of $11.01 and a 1 year high of $19.71. The company has a 50-day moving average of $18.16 and a 200 day moving average of $15.73. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 2.69 and a beta of 2.53.

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.