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

Research analysts at StockNews.com began coverage on shares of Triumph Group (NYSE:TGI) in a research report issued on Friday. The brokerage set a “hold” rating on the aerospace company’s stock.

A number of other research firms have also commented on TGI. Baird R W lowered shares of Triumph Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 4th. TD Cowen raised shares of Triumph Group to a “hold” rating in a research report on Thursday, December 19th. Truist Financial lifted their price objective on Triumph Group from $19.00 to $26.00 and gave the stock a “hold” rating in a research report on Tuesday, February 4th. Robert W. Baird restated a “neutral” rating and set a $26.00 target price (up previously from $20.00) on shares of Triumph Group in a research report on Tuesday, February 4th. Finally, Wolfe Research downgraded Triumph Group from an “outperform” rating to a “peer perform” rating in a report on Monday, February 10th. Two research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $18.78.

Triumph Group Stock Up 0.0 %

Shares of Triumph Group stock opened at $25.30 on Friday. The stock has a market cap of $1.96 billion, a price-to-earnings ratio of 3.51 and a beta of 2.51. Triumph Group has a twelve month low of $11.01 and a twelve month high of $25.41. The company’s fifty day moving average is $20.50 and its 200 day moving average is $16.93.

Triumph Group (NYSE:TGI) last issued its quarterly earnings results on Monday, February 10th. The aerospace company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.03. Triumph Group had a negative return on equity of 55.18% and a net margin of 45.08%. As a group, equities analysts anticipate that Triumph Group will post 0.66 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Triumph Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. State Street Corp boosted its stake in Triumph Group by 7.8% during 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 during the last quarter. Irenic Capital Management LP lifted its holdings in shares of Triumph Group by 19.9% in the fourth quarter. Irenic Capital Management LP now owns 3,787,022 shares of the aerospace company’s stock valued at $70,666,000 after purchasing an additional 628,296 shares in the last quarter. Assenagon Asset Management S.A. boosted its position 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. Fisher Asset Management LLC grew its holdings in Triumph Group by 17.9% during the fourth quarter. Fisher Asset Management LLC now owns 1,829,860 shares of the aerospace company’s stock worth $34,145,000 after buying an additional 277,333 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Triumph Group by 8.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,732,791 shares of the aerospace company’s stock valued at $22,340,000 after buying an additional 129,391 shares during the last quarter. 94.53% of the stock is 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.