Triumph Group (NYSE:TGI) Price Target Raised to $19.00 at Truist Financial

Triumph Group (NYSE:TGI) had its price objective hoisted by Truist Financial from $18.00 to $19.00 in a research note released on Tuesday morning,Benzinga reports. Truist Financial currently has a hold rating on the aerospace company’s stock.

Other equities analysts also recently issued research reports about the stock. JPMorgan Chase & Co. downgraded shares of Triumph Group from a “neutral” rating to an “underweight” rating and cut their price target for the company from $15.00 to $12.00 in a report on Monday, October 14th. Barclays lifted their price target on shares of Triumph Group from $16.00 to $21.00 and gave the company an “overweight” rating in a research report on Tuesday, November 19th. Bank of America cut 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 report on Tuesday, September 24th. StockNews.com raised Triumph Group from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. Finally, TD Cowen raised Triumph Group to a “hold” rating in a report on Thursday, December 19th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $16.78.

Triumph Group Price Performance

Shares of TGI stock opened at $18.71 on Tuesday. Triumph Group has a 1-year low of $11.01 and a 1-year high of $19.71. The business’s fifty day moving average price is $18.34 and its 200 day moving average price is $15.78. The firm has a market capitalization of $1.45 billion, a PE ratio of 2.75 and a beta of 2.53.

Hedge Funds Weigh In On Triumph Group

A number of institutional investors have recently made changes to their positions in TGI. State Street Corp increased its position in Triumph Group by 7.8% during the 3rd quarter. State Street Corp now owns 4,447,835 shares of the aerospace company’s stock worth $57,333,000 after purchasing an additional 322,048 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Triumph Group by 124.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,318,285 shares of the aerospace company’s stock worth $43,259,000 after buying an additional 1,286,568 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Triumph Group by 8.1% in the third quarter. Geode Capital Management LLC now owns 1,732,791 shares of the aerospace company’s stock valued at $22,340,000 after buying an additional 129,391 shares during the last quarter. Fisher Asset Management LLC lifted its stake in shares of Triumph Group by 0.3% during the third quarter. Fisher Asset Management LLC now owns 1,552,527 shares of the aerospace company’s stock valued at $20,012,000 after buying an additional 5,377 shares during the period. Finally, Point72 Asset Management L.P. boosted 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 worth $23,372,000 after acquiring an additional 168,607 shares during the last quarter. 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.