Triumph Group (NYSE:TGI) Downgraded to Peer Perform Rating by Wolfe Research

Wolfe Research lowered shares of Triumph Group (NYSE:TGI) from an outperform rating to a peer perform rating in a report issued on Monday, MarketBeat.com reports.

Several other equities research analysts have also recently weighed in on TGI. JPMorgan Chase & Co. cut shares of Triumph Group from a “neutral” rating to an “underweight” rating and cut their price objective for the stock from $15.00 to $12.00 in a research report on Monday, October 14th. Truist Financial upped their price target on shares of Triumph Group from $19.00 to $26.00 and gave the stock a “hold” rating in a report on Tuesday, February 4th. Barclays cut shares of Triumph Group from an “overweight” rating to an “equal weight” rating and lifted their price objective for the company from $21.00 to $26.00 in a research note on Thursday, February 6th. StockNews.com upgraded Triumph Group from a “sell” rating to a “hold” rating in a research note on Wednesday, November 20th. Finally, TD Cowen upgraded Triumph Group to a “hold” rating in a research note on Thursday, December 19th. Two research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $18.78.

Triumph Group Stock Up 0.7 %

Shares of NYSE:TGI opened at $25.37 on Monday. Triumph Group has a 12-month low of $11.01 and a 12-month high of $25.41. The company’s 50 day moving average price is $19.48 and its two-hundred day moving average price is $16.43. The firm has a market cap of $1.96 billion, a PE ratio of 3.52 and a beta of 2.51.

Triumph Group (NYSE:TGI) last issued its quarterly earnings results on Monday, February 10th. The aerospace company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. Triumph Group had a negative return on equity of 52.06% and a net margin of 45.08%. On average, research analysts expect that Triumph Group will post 0.68 EPS for the current year.

Hedge Funds Weigh In On Triumph Group

Several large investors have recently modified their holdings of the business. State Street Corp lifted its position in shares of Triumph Group by 7.8% in 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. Assenagon Asset Management S.A. lifted its holdings 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 valued at $43,259,000 after buying an additional 1,286,568 shares during the period. Fisher Asset Management LLC boosted its position in Triumph Group by 17.9% during the fourth quarter. Fisher Asset Management LLC now owns 1,829,860 shares of the aerospace company’s stock valued at $34,145,000 after acquiring an additional 277,333 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Triumph Group by 8.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,732,791 shares of the aerospace company’s stock worth $22,340,000 after acquiring an additional 129,391 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Triumph Group by 4.3% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 998,900 shares of the aerospace company’s stock valued at $12,876,000 after purchasing an additional 40,800 shares during the period. Institutional investors own 94.53% of the company’s stock.

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.