Triumph Group (NYSE:TGI) Stock Price Expected to Rise, Truist Financial Analyst Says

Triumph Group (NYSE:TGI) had its target price raised by analysts at Truist Financial from $18.00 to $19.00 in a report released on Tuesday,Benzinga reports. The firm presently has a “hold” rating on the aerospace company’s stock. Truist Financial’s target price indicates a potential upside of 1.33% from the stock’s previous close.

TGI has been the topic of several other research reports. Barclays increased their price objective on Triumph Group from $16.00 to $21.00 and gave the stock an “overweight” rating in a research note 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 company from $15.00 to $12.00 in a research report on Monday, October 14th. StockNews.com upgraded shares of Triumph Group from a “sell” rating to a “hold” rating in a research note on Wednesday, November 20th. TD Cowen raised shares of Triumph Group to a “hold” rating in a report on Thursday, December 19th. Finally, Bank of America lowered shares of Triumph Group from a “buy” rating to an “underperform” rating and lowered their target price for the stock from $17.00 to $12.00 in a research report on Tuesday, September 24th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $16.78.

Triumph Group Stock Performance

Shares of TGI stock traded up $0.29 on Tuesday, reaching $18.75. The stock had a trading volume of 28,978 shares, compared to its average volume of 400,084. Triumph Group has a 1 year low of $11.01 and a 1 year high of $19.71. The company has a 50 day simple moving average of $18.34 and a 200 day simple moving average of $15.78. The stock has a market cap of $1.45 billion, a P/E ratio of 2.75 and a beta of 2.53.

Institutional Investors Weigh In On Triumph Group

Hedge funds have recently bought and sold shares of the business. 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 acquiring an additional 565 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Triumph Group by 4.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 35,340 shares of the aerospace company’s stock valued at $545,000 after acquiring an additional 1,405 shares during the period. MetLife Investment Management LLC lifted its stake in shares of Triumph Group by 5.3% in the 3rd quarter. MetLife Investment Management LLC now owns 40,780 shares of the aerospace company’s stock valued at $526,000 after purchasing an additional 2,043 shares during the period. Quest Partners LLC purchased a new stake in shares of Triumph Group during the second quarter worth $41,000. Finally, GSA Capital Partners LLP grew its holdings in shares of Triumph Group by 14.1% in the third quarter. GSA Capital Partners LLP now owns 26,374 shares of the aerospace company’s stock valued at $340,000 after purchasing an additional 3,253 shares during the period. Institutional investors own 94.53% of the company’s stock.

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.