Triumph Group (NYSE:TGI) Upgraded at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Triumph Group (NYSE:TGI) from an underweight rating to a neutral rating in a report issued on Tuesday morning, MarketBeat reports. The brokerage currently has $26.00 target price on the aerospace company’s stock, up from their prior target price of $17.00.

A number of other equities analysts have also recently commented on TGI. TD Cowen upgraded Triumph Group to a “hold” rating in a report on Thursday, December 19th. Baird R W lowered Triumph Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 4th. StockNews.com started coverage on Triumph Group in a research note on Thursday, April 10th. They issued a “hold” rating on the stock. Robert W. Baird reaffirmed a “neutral” rating and set a $26.00 price objective (up from $20.00) on shares of Triumph Group in a research report on Tuesday, February 4th. Finally, Wolfe Research lowered shares of Triumph Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, February 10th. One analyst has rated the stock with a sell rating and ten have assigned a hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $20.63.

Triumph Group Stock Down 0.7 %

Shares of Triumph Group stock opened at $24.68 on Tuesday. The stock has a market cap of $1.91 billion, a P/E ratio of 3.43 and a beta of 2.13. Triumph Group has a 12-month low of $11.01 and a 12-month high of $25.55. The business’s 50 day moving average is $25.22 and its 200-day moving average is $20.31.

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, topping 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%. On average, sell-side analysts expect that Triumph Group will post 0.68 EPS for the current year.

Insiders Place Their Bets

In other Triumph Group news, CAO Jennifer H. Allen sold 35,000 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $25.32, for a total transaction of $886,200.00. Following the transaction, the chief accounting officer now owns 51,696 shares in the company, valued at $1,308,942.72. This represents a 40.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.31% of the company’s stock.

Institutional Investors Weigh In On Triumph Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Sterling Capital Management LLC increased its stake in Triumph Group by 804.2% during the 4th quarter. Sterling Capital Management LLC now owns 2,351 shares of the aerospace company’s stock worth $44,000 after acquiring an additional 2,091 shares during the period. Point72 Asia Singapore Pte. Ltd. lifted its position in shares of Triumph Group by 58.1% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,761 shares of the aerospace company’s stock valued at $126,000 after acquiring an additional 2,484 shares during the period. Brevan Howard Capital Management LP grew its holdings in shares of Triumph Group by 17.1% during the 4th quarter. Brevan Howard Capital Management LP now owns 12,306 shares of the aerospace company’s stock worth $230,000 after purchasing an additional 1,798 shares in the last quarter. Capula Management Ltd bought a new position in shares of Triumph Group in the fourth quarter worth $297,000. Finally, Cornerstone Wealth Management LLC raised its stake in Triumph Group by 3.8% in the fourth quarter. Cornerstone Wealth Management LLC now owns 15,964 shares of the aerospace company’s stock valued at $298,000 after purchasing an additional 580 shares in the last quarter. 94.53% of the stock is currently 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.