Baird R W Downgrades Triumph Group (NYSE:TGI) to Hold

Triumph Group (NYSE:TGI) was downgraded by equities researchers at Baird R W from a “strong-buy” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.

TGI has been the subject of several other reports. Truist Financial boosted their price objective on shares of Triumph Group from $19.00 to $26.00 and gave the company a “hold” rating in a research report on Tuesday. Barclays boosted their price target on Triumph Group from $16.00 to $21.00 and gave the company an “overweight” rating in a report on Tuesday, November 19th. TD Cowen upgraded Triumph Group to a “hold” rating in a report on Thursday, December 19th. Robert W. Baird reiterated a “neutral” rating and issued a $26.00 target price (up from $20.00) on shares of Triumph Group in a report on Tuesday. Finally, JPMorgan Chase & Co. lowered Triumph Group from a “neutral” rating to an “underweight” rating and cut their price target for the company from $15.00 to $12.00 in a research note on Monday, October 14th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Triumph Group currently has an average rating of “Hold” and a consensus price target of $18.22.

Triumph Group Trading Up 0.2 %

NYSE:TGI opened at $25.16 on Tuesday. The stock has a fifty day simple moving average of $19.10 and a 200-day simple moving average of $16.25. The company has a market cap of $1.95 billion, a price-to-earnings ratio of 3.69 and a beta of 2.51. Triumph Group has a twelve month low of $11.01 and a twelve month high of $25.34.

Institutional Investors Weigh In On Triumph Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State Street Corp increased its holdings in shares of Triumph Group by 7.8% during the third quarter. State Street Corp now owns 4,447,835 shares of the aerospace company’s stock valued at $57,333,000 after acquiring an additional 322,048 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in Triumph Group by 124.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,318,285 shares of the aerospace company’s stock valued at $43,259,000 after purchasing an additional 1,286,568 shares in the last quarter. Fisher Asset Management LLC increased its stake in Triumph Group by 17.9% during the 4th quarter. Fisher Asset Management LLC now owns 1,829,860 shares of the aerospace company’s stock valued at $34,145,000 after purchasing an additional 277,333 shares in the last quarter. Geode Capital Management LLC raised 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 last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Triumph Group by 4.3% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 998,900 shares of the aerospace company’s stock worth $12,876,000 after buying an additional 40,800 shares during the period. 94.53% of the stock is currently owned by hedge funds and other institutional investors.

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.