Triumph Group (NYSE:TGI) Now Covered by Analysts at StockNews.com

Research analysts at StockNews.com assumed coverage on shares of Triumph Group (NYSE:TGI) in a report released on Sunday. The brokerage set a “hold” rating on the aerospace company’s stock.

A number of other brokerages also recently issued reports on TGI. Robert W. Baird reaffirmed a “neutral” rating and set a $26.00 price target (up from $20.00) on shares of Triumph Group in a report on Tuesday, February 4th. Truist Financial increased 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. Wolfe Research cut Triumph Group from an “outperform” rating to a “peer perform” rating in a report on Monday, February 10th. Baird R W downgraded shares of Triumph Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Finally, TD Cowen raised Triumph Group to a “hold” rating in a research report 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. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $18.78.

Triumph Group Stock Up 0.3 %

Shares of NYSE TGI opened at $25.33 on Friday. The firm has a market cap of $1.96 billion, a price-to-earnings ratio of 3.52 and a beta of 2.53. Triumph Group has a 52-week low of $11.01 and a 52-week high of $25.41. The company’s 50-day simple moving average is $22.03 and its 200-day simple moving average is $17.84.

Triumph Group (NYSE:TGI) last announced its quarterly earnings data on Monday, February 10th. The aerospace company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. Triumph Group had a net margin of 45.08% and a negative return on equity of 55.18%. Equities research analysts anticipate that Triumph Group will post 0.68 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of TGI. Old West Investment Management LLC boosted its position in shares of Triumph Group by 1.3% during the third quarter. Old West Investment Management LLC now owns 42,426 shares of the aerospace company’s stock worth $547,000 after buying an additional 565 shares during the period. Cornerstone Wealth Management LLC grew its holdings in shares of Triumph Group by 3.8% during the 4th 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. Rafferty Asset Management LLC increased its stake in Triumph Group by 4.7% in the fourth quarter. Rafferty Asset Management LLC now owns 19,802 shares of the aerospace company’s stock valued at $370,000 after acquiring an additional 896 shares during the last quarter. Canada Pension Plan Investment Board grew its holdings in shares of Triumph Group by 0.5% during the 4th quarter. Canada Pension Plan Investment Board now owns 301,400 shares of the aerospace company’s stock valued at $5,624,000 after purchasing an additional 1,400 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Triumph Group by 3.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,712 shares of the aerospace company’s stock worth $778,000 after acquiring an additional 1,563 shares during the last quarter. 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.