Triumph Group (NYSE:TGI) Now Covered by StockNews.com

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

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

Triumph Group Trading Down 0.1 %

Shares of NYSE:TGI opened at $25.33 on Thursday. The stock has a fifty day simple moving average of $19.73 and a two-hundred day simple moving average of $16.55. The stock has a market capitalization of $1.96 billion, a price-to-earnings ratio of 3.52 and a beta of 2.51. Triumph Group has a 12-month low of $11.01 and a 12-month high of $25.41.

Triumph Group (NYSE:TGI) last announced its quarterly earnings data 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%. As a group, equities research analysts predict that Triumph Group will post 0.68 EPS for the current year.

Hedge Funds Weigh In On Triumph Group

A number of hedge funds have recently made changes to their positions in the business. National Bank of Canada FI bought a new position in shares of Triumph Group in the fourth quarter worth about $2,053,000. Norges Bank bought a new position in shares of Triumph Group in the fourth quarter worth about $15,945,000. WINTON GROUP Ltd bought a new position in Triumph Group during the fourth quarter valued at approximately $1,031,000. KLP Kapitalforvaltning AS bought a new position in Triumph Group during the fourth quarter valued at approximately $310,000. Finally, Sei Investments Co. bought a new position in Triumph Group during the fourth quarter valued at approximately $4,025,000. Institutional investors own 94.53% of the company’s stock.

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.