Triumph Group (NYSE:TGI) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Triumph Group (NYSE:TGI) in a report released on Saturday morning. The firm issued a hold rating on the aerospace company’s stock.

TGI has been the topic of several other research reports. TD Cowen upgraded Triumph Group to a “hold” rating in a research report on Thursday, December 19th. Baird R W lowered shares of Triumph Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Truist Financial upped their price objective on shares of Triumph Group from $19.00 to $26.00 and gave the stock a “hold” rating in a research report on Tuesday, February 4th. Barclays cut Triumph Group from an “overweight” rating to an “equal weight” rating and raised their target price for the company from $21.00 to $26.00 in a research report on Thursday, February 6th. Finally, Wolfe Research cut Triumph Group from an “outperform” rating to a “peer perform” rating in a report on Monday, February 10th. Two analysts have rated the stock with a sell rating and nine have given a hold rating to the company. According to data from MarketBeat, Triumph Group has a consensus rating of “Hold” and a consensus price target of $18.78.

Triumph Group Price Performance

NYSE:TGI opened at $25.33 on Friday. The company’s fifty day moving average price is $21.50 and its 200-day moving average price is $17.54. Triumph Group has a 1-year low of $11.01 and a 1-year high of $25.41. The firm has a market capitalization of $1.96 billion, a P/E ratio of 3.52 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 45.08% and a negative return on equity of 55.18%. Equities analysts anticipate that Triumph Group will post 0.68 EPS for the current fiscal year.

Institutional Trading of Triumph Group

Institutional investors have recently made changes to their positions in the company. Sterling Capital Management LLC lifted its holdings in Triumph Group by 804.2% in the 4th quarter. Sterling Capital Management LLC now owns 2,351 shares of the aerospace company’s stock valued at $44,000 after purchasing an additional 2,091 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its position in Triumph Group by 58.1% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,761 shares of the aerospace company’s stock worth $126,000 after acquiring an additional 2,484 shares during the last quarter. International Assets Investment Management LLC grew its stake 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 acquiring an additional 9,512 shares in the last quarter. Brevan Howard Capital Management LP raised its holdings in Triumph Group by 17.1% in the 4th quarter. Brevan Howard Capital Management LP now owns 12,306 shares of the aerospace company’s stock valued at $230,000 after acquiring an additional 1,798 shares during the last quarter. Finally, Centiva Capital LP purchased a new position in Triumph Group in the 3rd quarter worth approximately $255,000. 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.