StockNews.com Begins Coverage on Triumph Group (NYSE:TGI)

Equities research analysts at StockNews.com assumed 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 topic of a number of other reports. Baird R W cut Triumph Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 4th. Wolfe Research cut Triumph Group from an “outperform” rating to a “peer perform” rating in a report on Monday. TD Cowen raised Triumph Group to a “hold” rating in a research note on Thursday, December 19th. Truist Financial lifted their price target on Triumph Group from $19.00 to $26.00 and gave the stock a “hold” rating in a research note on Tuesday, February 4th. Finally, Robert W. Baird reaffirmed a “neutral” rating and issued a $26.00 price target (up from $20.00) on shares of Triumph Group in a research note on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $18.78.

Triumph Group Stock Performance

TGI stock opened at $25.33 on Thursday. Triumph Group has a fifty-two week low of $11.01 and a fifty-two week high of $25.41. The stock has a fifty day moving average of $19.73 and a 200-day moving average of $16.55. The company has a market capitalization of $1.96 billion, a price-to-earnings ratio of 3.52 and a beta of 2.51.

Triumph Group (NYSE:TGI) last issued its earnings results on Monday, February 10th. The aerospace company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.24 by $0.03. Triumph Group had a negative return on equity of 52.06% and a net margin of 45.08%. Equities analysts predict that Triumph Group will post 0.68 EPS for the current year.

Institutional Investors Weigh In On Triumph Group

A number of large investors have recently made changes to their positions in the business. Jade Capital Advisors LLC boosted its position in shares of Triumph Group by 148.7% during the third quarter. Jade Capital Advisors LLC now owns 161,662 shares of the aerospace company’s stock valued at $2,084,000 after purchasing an additional 96,662 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of Triumph Group by 1,189.0% during the third quarter. International Assets Investment Management LLC now owns 10,312 shares of the aerospace company’s stock valued at $133,000 after purchasing an additional 9,512 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Triumph Group by 140.7% during 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 purchasing an additional 603,067 shares in the last quarter. GSA Capital Partners LLP boosted its position in shares of Triumph Group by 14.1% during the third quarter. GSA Capital Partners LLP now owns 26,374 shares of the aerospace company’s stock valued at $340,000 after purchasing an additional 3,253 shares in the last quarter. Finally, Sasco Capital Inc. CT boosted its position in shares of Triumph Group by 50.5% during the third quarter. Sasco Capital Inc. CT now owns 71,473 shares of the aerospace company’s stock valued at $921,000 after purchasing an additional 23,990 shares in the last quarter. 94.53% of the stock is currently owned by 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.