Triumph Group (NYSE:TGI) Price Target Raised to $20.00 at TD Cowen

Triumph Group (NYSE:TGI) had its price target raised by TD Cowen from $14.00 to $20.00 in a research note released on Wednesday morning,Benzinga reports. The firm currently has a hold rating on the aerospace company’s stock.

TGI has been the topic of several other reports. Barclays reduced their price target on Triumph Group from $18.00 to $16.00 and set an “overweight” rating on the stock in a report on Monday, August 12th. The Goldman Sachs Group cut shares of Triumph Group from a “buy” rating to a “neutral” rating and decreased their price target for the company from $19.00 to $15.00 in a research report on Tuesday, August 13th. JPMorgan Chase & Co. lowered shares of Triumph Group from a “neutral” rating to an “underweight” rating and cut their price target for the stock from $15.00 to $12.00 in a report on Monday, October 14th. Bank of America lowered Triumph Group from a “buy” rating to an “underperform” rating and lowered their target price for the stock from $17.00 to $12.00 in a research report on Tuesday, September 24th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $14.00 price target (down previously from $20.00) on shares of Triumph Group in a research report on Monday, August 12th. Three analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Triumph Group currently has a consensus rating of “Hold” and a consensus price target of $16.11.

Triumph Group Stock Up 0.7 %

NYSE TGI opened at $17.99 on Wednesday. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 2.64 and a beta of 2.48. Triumph Group has a twelve month low of $10.45 and a twelve month high of $19.71. The business’s fifty day moving average is $14.22 and its 200 day moving average is $14.55.

Hedge Funds Weigh In On Triumph Group

Institutional investors have recently added to or reduced their stakes in the business. State Street Corp increased its stake in shares of Triumph Group by 7.8% in the 3rd quarter. State Street Corp now owns 4,447,835 shares of the aerospace company’s stock valued at $57,333,000 after acquiring an additional 322,048 shares in the last quarter. Geode Capital Management LLC increased its stake in Triumph Group by 8.1% in 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 purchasing an additional 129,391 shares in the last quarter. Fisher Asset Management LLC raised its holdings in shares of Triumph Group by 0.3% during the third quarter. Fisher Asset Management LLC now owns 1,552,527 shares of the aerospace company’s stock valued at $20,012,000 after purchasing an additional 5,377 shares during the period. Point72 Asset Management L.P. boosted its position in shares of Triumph Group by 12.5% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,516,707 shares of the aerospace company’s stock worth $23,372,000 after purchasing an additional 168,607 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Triumph Group by 12.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,054,841 shares of the aerospace company’s stock valued at $16,254,000 after buying an additional 116,900 shares during the period. 94.53% of the stock is owned by institutional investors and hedge funds.

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.