Triumph Group, Inc. (NYSE:TGI) Given Average Recommendation of “Hold” by Brokerages

Triumph Group, Inc. (NYSE:TGI) has been given an average recommendation of “Hold” by the eight research firms that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $16.38.

TGI has been the topic of a number of research reports. TD Cowen upgraded Triumph Group to a “hold” rating in a report on Thursday, December 19th. Truist Financial raised their price target on shares of Triumph Group from $18.00 to $19.00 and gave the stock a “hold” rating in a research note on Tuesday, January 14th. Barclays upped their price objective on shares of Triumph Group from $16.00 to $21.00 and gave the company an “overweight” rating in a research note on Tuesday, November 19th. 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 research note on Monday, October 14th. Finally, StockNews.com upgraded Triumph Group from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th.

Institutional Trading of Triumph Group

A number of hedge funds and other institutional investors have recently made changes to their positions in TGI. Assenagon Asset Management S.A. grew its position in Triumph Group by 124.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,318,285 shares of the aerospace company’s stock worth $43,259,000 after acquiring an additional 1,286,568 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Triumph Group by 1,207.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 538,904 shares of the aerospace company’s stock worth $6,946,000 after purchasing an additional 497,684 shares during the period. State Street Corp grew its holdings in shares of Triumph Group by 7.8% during the 3rd quarter. State Street Corp now owns 4,447,835 shares of the aerospace company’s stock worth $57,333,000 after purchasing an additional 322,048 shares during the period. Nisa Investment Advisors LLC raised its holdings in Triumph Group by 18,544.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 256,554 shares of the aerospace company’s stock valued at $4,787,000 after buying an additional 255,178 shares during the period. Finally, AQR Capital Management LLC raised its holdings in Triumph Group by 78.5% in the 2nd quarter. AQR Capital Management LLC now owns 361,976 shares of the aerospace company’s stock valued at $5,578,000 after buying an additional 159,154 shares during the period. Institutional investors and hedge funds own 94.53% of the company’s stock.

Triumph Group Price Performance

NYSE TGI opened at $19.02 on Friday. The stock’s 50 day simple moving average is $18.75 and its 200-day simple moving average is $16.07. The company has a market cap of $1.47 billion, a PE ratio of 2.79 and a beta of 2.53. Triumph Group has a 1-year low of $11.01 and a 1-year high of $19.71.

About Triumph Group

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.