Truist Financial Boosts Triumph Group (NYSE:TGI) Price Target to $26.00

Triumph Group (NYSE:TGI) had its target price upped by investment analysts at Truist Financial from $19.00 to $26.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a “hold” rating on the aerospace company’s stock. Truist Financial’s target price indicates a potential upside of 3.34% from the company’s previous close.

A number of other brokerages also recently commented on TGI. 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 report on Tuesday. TD Cowen raised Triumph Group to a “hold” rating in a research report on Thursday, December 19th. Barclays raised their price target on shares of Triumph Group from $16.00 to $21.00 and gave the company an “overweight” rating in a research report on Tuesday, November 19th. JPMorgan Chase & Co. lowered shares of Triumph Group from a “neutral” rating to an “underweight” rating and reduced their price target 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 note on Wednesday, November 20th. Two research 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’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $18.22.

Triumph Group Stock Up 0.2 %

Triumph Group stock opened at $25.16 on Tuesday. The company has a market capitalization of $1.95 billion, a PE ratio of 3.69 and a beta of 2.51. The firm has a fifty day simple moving average of $19.10 and a two-hundred day simple moving average of $16.25. Triumph Group has a twelve month low of $11.01 and a twelve month high of $25.34.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Old West Investment Management LLC lifted its stake in shares of Triumph Group by 1.3% in the 3rd quarter. Old West Investment Management LLC now owns 42,426 shares of the aerospace company’s stock valued at $547,000 after purchasing an additional 565 shares during the period. Cornerstone Wealth Management LLC increased its position in shares of Triumph Group by 3.8% during the fourth quarter. Cornerstone Wealth Management LLC now owns 15,964 shares of the aerospace company’s stock worth $298,000 after purchasing an additional 580 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Triumph Group by 4.1% in the second quarter. The Manufacturers Life Insurance Company now owns 35,340 shares of the aerospace company’s stock valued at $545,000 after purchasing an additional 1,405 shares during the last quarter. MetLife Investment Management LLC increased its holdings in shares of Triumph Group by 5.3% during the 3rd quarter. MetLife Investment Management LLC now owns 40,780 shares of the aerospace company’s stock worth $526,000 after buying an additional 2,043 shares during the last quarter. Finally, GSA Capital Partners LLP increased 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 acquiring an additional 3,253 shares during the last quarter. 94.53% of the stock is owned by institutional investors and hedge funds.

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.