Triumph Group (NYSE:TGI) Earns Hold Rating from Analysts at StockNews.com

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

Other equities analysts have also issued reports about the stock. Truist Financial lifted their target price on shares of Triumph Group from $19.00 to $26.00 and gave the company 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 research note on Monday, February 10th. Baird R W cut Triumph Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Barclays downgraded shares of Triumph Group from an “overweight” rating to an “equal weight” rating and raised their price target for the company from $21.00 to $26.00 in a research report on Thursday, February 6th. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $26.00 price objective (up from $20.00) on shares of Triumph Group in a report on Tuesday, February 4th. Two analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $18.78.

Triumph Group Stock Up 0.1 %

Shares of TGI stock opened at $25.33 on Friday. The business’s fifty day moving average is $21.36 and its 200 day moving average is $17.40. The stock has a market cap of $1.96 billion, a price-to-earnings ratio of 3.52 and a beta of 2.51. Triumph Group has a twelve month low of $11.01 and a twelve month high of $25.41.

Triumph Group (NYSE:TGI) last released its earnings results on Monday, February 10th. The aerospace company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. Triumph Group had a net margin of 45.08% and a negative return on equity of 55.18%. Equities research analysts expect that Triumph Group will post 0.68 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Triumph Group

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Sterling Capital Management LLC lifted its position in Triumph Group by 804.2% during the fourth quarter. Sterling Capital Management LLC now owns 2,351 shares of the aerospace company’s stock valued at $44,000 after purchasing an additional 2,091 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its position in shares of Triumph Group by 58.1% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,761 shares of the aerospace company’s stock valued at $126,000 after buying an additional 2,484 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of Triumph Group by 1,189.0% during the 3rd quarter. International Assets Investment Management LLC now owns 10,312 shares of the aerospace company’s stock valued at $133,000 after acquiring an additional 9,512 shares during the period. Brevan Howard Capital Management LP increased its holdings in Triumph Group by 17.1% in the 4th quarter. Brevan Howard Capital Management LP now owns 12,306 shares of the aerospace company’s stock worth $230,000 after acquiring an additional 1,798 shares in the last quarter. Finally, Capula Management Ltd bought a new stake in Triumph Group during the 4th quarter worth approximately $297,000. 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.