Triumph Group (NYSE:TGI) Stock Price Expected to Rise, Truist Financial Analyst Says

Triumph Group (NYSE:TGI) had its price target raised by Truist Financial from $19.00 to $26.00 in a report released on Tuesday,Benzinga reports. Truist Financial currently has a hold rating on the aerospace company’s stock.

Other equities research analysts have also issued research reports about the stock. 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 report on Monday, October 14th. TD Cowen upgraded shares of Triumph Group to a “hold” rating in a report on Thursday, December 19th. StockNews.com upgraded shares of Triumph Group from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. Robert W. Baird restated a “neutral” rating and issued a $26.00 price target (up previously from $20.00) on shares of Triumph Group in a report on Tuesday. Finally, Barclays boosted their price target on shares of Triumph Group from $16.00 to $21.00 and gave the company an “overweight” rating in a report on Tuesday, November 19th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Triumph Group has an average rating of “Hold” and a consensus price target of $18.78.

Triumph Group Price Performance

Shares of TGI opened at $25.16 on Tuesday. Triumph Group has a 1-year low of $11.01 and a 1-year high of $25.34. The company has a 50-day moving average of $19.23 and a 200 day moving average of $16.31. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of 3.69 and a beta of 2.51.

Triumph Group (NYSE:TGI) last posted its quarterly earnings results on Monday, February 10th. The aerospace company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.24 by $0.03. Triumph Group had a net margin of 43.70% and a negative return on equity of 8.68%. On average, equities analysts anticipate that Triumph Group will post 0.68 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of TGI. The Manufacturers Life Insurance Company grew its position in 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 worth $545,000 after purchasing an additional 1,405 shares during the last quarter. SG Americas Securities LLC grew its position in Triumph Group by 199.0% during the 3rd quarter. SG Americas Securities LLC now owns 67,719 shares of the aerospace company’s stock worth $873,000 after purchasing an additional 45,074 shares during the last quarter. Jade Capital Advisors LLC grew its position in Triumph Group by 148.7% during the 3rd quarter. Jade Capital Advisors LLC now owns 161,662 shares of the aerospace company’s stock worth $2,084,000 after purchasing an additional 96,662 shares during the last quarter. International Assets Investment Management LLC grew 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 worth $133,000 after purchasing an additional 9,512 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its position in Triumph Group by 140.7% during the 3rd 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. 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.