Triumph Group (NYSE:TGI) Sees Unusually-High Trading Volume on Analyst Upgrade

Shares of Triumph Group, Inc. (NYSE:TGI) saw unusually-high trading volume on Tuesday after Truist Financial raised their price target on the stock from $19.00 to $26.00. Truist Financial currently has a hold rating on the stock. Approximately 994,785 shares changed hands during trading, a decline of 34% from the previous session’s volume of 1,507,135 shares.The stock last traded at $25.09 and had previously closed at $25.10.

A number of other analysts have also weighed in on TGI. JPMorgan Chase & Co. lowered shares of Triumph Group from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $15.00 to $12.00 in a report on Monday, October 14th. TD Cowen upgraded Triumph Group to a “hold” rating in a research report on Thursday, December 19th. StockNews.com upgraded Triumph Group from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. Robert W. Baird reaffirmed a “neutral” rating and issued a $26.00 price target (up previously from $20.00) on shares of Triumph Group in a report on Tuesday. Finally, Barclays boosted their price objective on Triumph Group from $16.00 to $21.00 and gave the stock an “overweight” rating in a report on Tuesday, November 19th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Triumph Group currently has a consensus rating of “Hold” and a consensus target price of $18.22.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of TGI. State Street Corp boosted 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 purchasing an additional 322,048 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Triumph Group by 124.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,318,285 shares of the aerospace company’s stock valued at $43,259,000 after buying an additional 1,286,568 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of 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 worth $22,340,000 after buying an additional 129,391 shares during the period. Fisher Asset Management LLC lifted its stake in shares of Triumph Group by 0.3% in the 3rd quarter. Fisher Asset Management LLC now owns 1,552,527 shares of the aerospace company’s stock valued at $20,012,000 after acquiring an additional 5,377 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in Triumph Group by 4.3% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 998,900 shares of the aerospace company’s stock valued at $12,876,000 after acquiring an additional 40,800 shares during the period. 94.53% of the stock is currently owned by institutional investors.

Triumph Group Stock Performance

The firm has a 50-day moving average of $18.98 and a 200-day moving average of $16.19. The firm has a market capitalization of $1.94 billion, a P/E ratio of 3.69 and a beta of 2.51.

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.