Robert W. Baird Reiterates Neutral Rating for Triumph Group (NYSE:TGI)

Triumph Group (NYSE:TGI)‘s stock had its “neutral” rating restated by equities research analysts at Robert W. Baird in a research note issued to investors on Tuesday, Marketbeat Ratings reports. They presently have a $26.00 price target on the aerospace company’s stock, up from their prior price target of $20.00. Robert W. Baird’s target price would indicate a potential upside of 3.34% from the company’s previous close.

Several other research analysts have also issued reports on TGI. TD Cowen raised Triumph Group to a “hold” rating in a research report on Thursday, December 19th. StockNews.com raised Triumph Group from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. JPMorgan Chase & Co. downgraded Triumph Group from a “neutral” rating to an “underweight” rating and cut their target price for the company from $15.00 to $12.00 in a research report on Monday, October 14th. Truist Financial increased their price objective 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. Finally, Barclays increased their price objective on shares of Triumph Group from $16.00 to $21.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 19th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $18.22.

Triumph Group Price Performance

Shares of NYSE:TGI opened at $25.16 on Tuesday. The business’s 50-day moving average is $19.10 and its 200 day moving average is $16.25. Triumph Group has a 1 year low of $11.01 and a 1 year high of $25.34. The firm has a market capitalization of $1.95 billion, a P/E ratio of 3.69 and a beta of 2.51.

Institutional Investors Weigh In On Triumph Group

Large investors have recently made changes to their positions in the stock. Fisher Asset Management LLC grew its stake in shares of Triumph Group by 17.9% in 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 buying an additional 277,333 shares during the period. Illinois Municipal Retirement Fund purchased a new stake in shares of Triumph Group in the 4th quarter valued at approximately $788,000. Principal Financial Group Inc. grew its stake in shares of Triumph Group by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 374,896 shares of the aerospace company’s stock valued at $6,996,000 after buying an additional 10,629 shares during the period. Cornerstone Wealth Management LLC grew its stake in shares of Triumph Group by 3.8% in the 4th quarter. Cornerstone Wealth Management LLC now owns 15,964 shares of the aerospace company’s stock valued at $298,000 after buying an additional 580 shares during the period. Finally, Nisa Investment Advisors LLC grew its stake in shares of 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. 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.