TD Cowen Upgrades Triumph Group (NYSE:TGI) to “Hold”

Triumph Group (NYSE:TGI) was upgraded by analysts at TD Cowen to a “hold” rating in a research report issued on Thursday,Zacks.com reports.

Other equities research analysts have also recently issued research reports about the company. Barclays boosted their target price on Triumph Group from $16.00 to $21.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 19th. JPMorgan Chase & Co. downgraded shares of Triumph Group from a “neutral” rating to an “underweight” rating and reduced their price objective for the stock from $15.00 to $12.00 in a research report on Monday, October 14th. StockNews.com upgraded shares of Triumph Group from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. Bank of America lowered shares of Triumph Group from a “buy” rating to an “underperform” rating and cut their price target for the stock from $17.00 to $12.00 in a research note on Tuesday, September 24th. Finally, Truist Financial upped their price objective on shares of Triumph Group from $12.00 to $18.00 and gave the company a “hold” rating in a research note on Wednesday, November 13th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $16.67.

Triumph Group Trading Up 1.2 %

Shares of TGI stock opened at $17.78 on Thursday. The company has a market cap of $1.38 billion, a P/E ratio of 2.61 and a beta of 2.52. The firm has a fifty day moving average price of $17.03 and a 200 day moving average price of $15.32. Triumph Group has a 12 month low of $11.01 and a 12 month high of $19.71.

Institutional Trading of Triumph Group

A number of institutional investors have recently modified their holdings of TGI. Assenagon Asset Management S.A. lifted its holdings in Triumph Group by 140.7% in the third quarter. Assenagon Asset Management S.A. now owns 1,031,717 shares of the aerospace company’s stock valued at $13,299,000 after acquiring an additional 603,067 shares during the period. State Street Corp increased its holdings 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 purchasing an additional 322,048 shares in the last quarter. Marshall Wace LLP increased its holdings in shares of Triumph Group by 318.2% in the 2nd quarter. Marshall Wace LLP now owns 324,778 shares of the aerospace company’s stock valued at $5,005,000 after purchasing an additional 247,117 shares in the last quarter. Point72 Asset Management L.P. lifted its stake in shares of Triumph Group by 12.5% in the second quarter. Point72 Asset Management L.P. now owns 1,516,707 shares of the aerospace company’s stock valued at $23,372,000 after purchasing an additional 168,607 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in Triumph Group by 78.5% during the second quarter. AQR Capital Management LLC now owns 361,976 shares of the aerospace company’s stock worth $5,578,000 after buying an additional 159,154 shares in the last quarter. 94.53% of the stock is currently owned by hedge funds and other institutional investors.

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.