Triumph Group (NYSE:TGI) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of Triumph Group (NYSE:TGI) in a research report sent to investors on Friday. The brokerage issued a hold rating on the aerospace company’s stock.

TGI has been the topic of several other reports. Baird R W downgraded shares of Triumph Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Barclays cut shares of Triumph Group from an “overweight” rating to an “equal weight” rating and raised their target price for the stock from $21.00 to $26.00 in a report on Thursday, February 6th. Robert W. Baird reiterated a “neutral” rating and issued a $26.00 price target (up from $20.00) on shares of Triumph Group in a research note on Tuesday, February 4th. TD Cowen raised Triumph Group to a “hold” rating in a research report on Thursday, December 19th. Finally, Wolfe Research cut Triumph Group from an “outperform” rating to a “peer perform” rating in a report on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. According to data from MarketBeat, Triumph Group currently has a consensus rating of “Hold” and a consensus target price of $18.78.

Triumph Group Stock Down 0.2 %

Shares of TGI stock opened at $25.28 on Friday. Triumph Group has a 12-month low of $11.01 and a 12-month high of $25.41. The firm has a 50 day moving average price of $20.63 and a two-hundred day moving average price of $17.00. The company has a market capitalization of $1.96 billion, a PE ratio of 3.51 and a beta of 2.51.

Triumph Group (NYSE:TGI) last released its quarterly earnings results on Monday, February 10th. The aerospace company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.03. Triumph Group had a negative return on equity of 55.18% and a net margin of 45.08%. As a group, research analysts expect that Triumph Group will post 0.68 EPS for the current year.

Hedge Funds Weigh In On Triumph Group

Several hedge funds and other institutional investors have recently modified their holdings of the business. American Century Companies Inc. acquired a new stake in Triumph Group in the fourth quarter valued at about $30,845,000. Assenagon Asset Management S.A. lifted its holdings in shares of Triumph Group by 124.7% in 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 acquiring an additional 1,286,568 shares during the last quarter. Norges Bank bought a new position in shares of Triumph Group in the fourth quarter worth about $15,945,000. First Trust Advisors LP boosted its stake in shares of Triumph Group by 59.6% in the 4th quarter. First Trust Advisors LP now owns 1,702,245 shares of the aerospace company’s stock valued at $31,764,000 after purchasing an additional 635,568 shares in the last quarter. Finally, Irenic Capital Management LP grew its holdings in shares of Triumph Group by 19.9% during the 4th quarter. Irenic Capital Management LP now owns 3,787,022 shares of the aerospace company’s stock valued at $70,666,000 after purchasing an additional 628,296 shares during the last quarter. 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.