Triumph Group (NYSE:TGI) Stock Rating Lowered by Wolfe Research

Triumph Group (NYSE:TGI) was downgraded by research analysts at Wolfe Research from an “outperform” rating to a “peer perform” rating in a research note issued on Monday, MarketBeat.com reports.

Several other brokerages have also commented on TGI. Truist Financial lifted their price target on shares of Triumph Group from $19.00 to $26.00 and gave the stock a “hold” rating in a research note on Tuesday, February 4th. Robert W. Baird reiterated a “neutral” rating and set a $26.00 target price (up previously from $20.00) on shares of Triumph Group in a research note on Tuesday, February 4th. StockNews.com upgraded Triumph Group from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. Baird R W downgraded Triumph Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. cut Triumph Group from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $15.00 to $12.00 in a research report on Monday, October 14th. Two research analysts have rated the stock with a sell rating and nine have given a hold rating to the company. According to data from MarketBeat.com, Triumph Group has a consensus rating of “Hold” and an average target price of $18.78.

Triumph Group Trading Down 0.1 %

TGI stock opened at $25.36 on Monday. The business’s fifty day moving average price is $19.61 and its 200 day moving average price is $16.49. Triumph Group has a 12-month low of $11.01 and a 12-month high of $25.41. The company has a market capitalization of $1.96 billion, a PE 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. Triumph Group had a negative return on equity of 52.06% and a net margin of 45.08%. Research analysts predict that Triumph Group will post 0.68 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. International Assets Investment Management LLC increased its stake in Triumph Group by 1,189.0% during the third quarter. International Assets Investment Management LLC now owns 10,312 shares of the aerospace company’s stock worth $133,000 after acquiring an additional 9,512 shares during the last quarter. Centiva Capital LP purchased a new position in shares of Triumph Group in the 3rd quarter valued at $255,000. Cornerstone Wealth Management LLC boosted its position in Triumph Group by 3.8% during the 4th quarter. Cornerstone Wealth Management LLC now owns 15,964 shares of the aerospace company’s stock worth $298,000 after purchasing an additional 580 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in Triumph Group in the 4th quarter valued at $310,000. Finally, GSA Capital Partners LLP raised its position in Triumph Group by 14.1% in the third quarter. GSA Capital Partners LLP now owns 26,374 shares of the aerospace company’s stock valued at $340,000 after purchasing an additional 3,253 shares during the period. 94.53% of the stock is currently owned by hedge funds and other institutional investors.

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.