Triumph Group (NYSE:TGI) Raised to “Hold” at StockNews.com

Triumph Group (NYSE:TGI) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Wednesday.

A number of other analysts have also recently issued reports on the company. Barclays raised their price objective on Triumph Group from $16.00 to $21.00 and gave the company an “overweight” rating in a research report on Tuesday. Bank of America downgraded Triumph Group from a “buy” rating to an “underperform” rating and cut their price target for the company from $17.00 to $12.00 in a report on Tuesday, September 24th. JPMorgan Chase & Co. downgraded shares of Triumph Group from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $15.00 to $12.00 in a report on Monday, October 14th. TD Cowen raised their target price on shares of Triumph Group from $14.00 to $20.00 and gave the stock a “hold” rating in a research note on Wednesday, November 13th. Finally, Truist Financial lifted their target price on shares of Triumph Group from $12.00 to $18.00 and gave the stock a “hold” rating in a report on Wednesday, November 13th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $16.67.

Triumph Group Stock Performance

Shares of TGI stock opened at $19.10 on Wednesday. Triumph Group has a 52-week low of $10.57 and a 52-week high of $19.71. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 2.80 and a beta of 2.48. The firm’s 50-day moving average is $14.67 and its 200-day moving average is $14.70.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in TGI. Quest Partners LLC acquired a new stake in shares of Triumph Group during the 2nd quarter worth $41,000. DekaBank Deutsche Girozentrale bought a new position in Triumph Group in the 1st quarter valued at about $56,000. Lazard Asset Management LLC lifted its holdings in shares of Triumph Group by 98.3% during the 1st quarter. Lazard Asset Management LLC now owns 3,877 shares of the aerospace company’s stock worth $58,000 after acquiring an additional 1,922 shares during the period. CWM LLC boosted its position in shares of Triumph Group by 473.7% during the 2nd quarter. CWM LLC now owns 5,146 shares of the aerospace company’s stock worth $79,000 after acquiring an additional 4,249 shares in the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in Triumph Group in the second quarter valued at approximately $125,000. Institutional investors and hedge funds own 94.53% of the company’s stock.

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.