Triumph Group (NYSE:TGI) Coverage Initiated by Analysts at StockNews.com

Analysts at StockNews.com started coverage on shares of Triumph Group (NYSE:TGI) in a research note issued to investors on Saturday. The firm set a “hold” rating on the aerospace company’s stock.

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

Triumph Group Stock Up 0.1 %

NYSE TGI opened at $25.33 on Friday. Triumph Group has a twelve month low of $11.01 and a twelve month high of $25.41. The business has a 50-day moving average price of $21.36 and a 200-day moving average price of $17.40. The firm has a market cap of $1.96 billion, a price-to-earnings 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 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%. Research analysts expect that Triumph Group will post 0.68 EPS for the current fiscal year.

Institutional Investors Weigh In On Triumph Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TGI. Assenagon Asset Management S.A. boosted its holdings in shares of Triumph Group by 124.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,318,285 shares of the aerospace company’s stock worth $43,259,000 after purchasing an additional 1,286,568 shares during the period. Barclays PLC boosted its stake in Triumph Group by 155.8% during the third quarter. Barclays PLC now owns 148,530 shares of the aerospace company’s stock worth $1,915,000 after buying an additional 90,456 shares during the period. JPMorgan Chase & Co. boosted its stake in Triumph Group by 1,207.4% during the third quarter. JPMorgan Chase & Co. now owns 538,904 shares of the aerospace company’s stock worth $6,946,000 after buying an additional 497,684 shares during the period. Geode Capital Management LLC increased its position in Triumph Group by 8.1% during 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 acquiring an additional 129,391 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its stake in shares of Triumph Group by 13.4% in the third quarter. BNP Paribas Financial Markets now owns 449,792 shares of the aerospace company’s stock valued at $5,798,000 after acquiring an additional 53,092 shares during the period. 94.53% of the stock is currently owned by hedge funds and other institutional investors.

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.