Triumph Group (NYSE:TGI) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Triumph Group (NYSE:TGI) from a sell rating to a hold rating in a research report report published on Wednesday morning.

TGI has been the subject of several other research reports. The Goldman Sachs Group lowered Triumph Group from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $19.00 to $15.00 in a research report on Tuesday, August 13th. Truist Financial upped their target price on shares of Triumph Group from $12.00 to $18.00 and gave the stock a “hold” rating in a research note on Wednesday, November 13th. Jefferies Financial Group restated a “hold” rating and issued a $14.00 price objective (down from $20.00) on shares of Triumph Group in a report on Monday, August 12th. TD Cowen increased their target price on Triumph Group from $14.00 to $20.00 and gave the company a “hold” rating in a research note on Wednesday, November 13th. Finally, JPMorgan Chase & Co. lowered Triumph Group from a “neutral” rating to an “underweight” rating and reduced their target price for the stock from $15.00 to $12.00 in a report on Monday, October 14th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $16.67.

Triumph Group Stock Up 2.2 %

TGI stock opened at $19.18 on Wednesday. The business has a 50 day moving average of $14.56 and a 200 day moving average of $14.67. The firm has a market cap of $1.48 billion, a PE ratio of 2.82 and a beta of 2.48. Triumph Group has a twelve month low of $10.57 and a twelve month high of $19.71.

Institutional Trading of Triumph Group

Hedge funds have recently bought and sold shares of the company. Quest Partners LLC bought a new stake in shares of Triumph Group during the 2nd quarter valued at about $41,000. DekaBank Deutsche Girozentrale bought a new stake in Triumph Group during the first quarter valued at approximately $56,000. Lazard Asset Management LLC increased its holdings in Triumph Group by 98.3% during the first quarter. Lazard Asset Management LLC now owns 3,877 shares of the aerospace company’s stock valued at $58,000 after buying an additional 1,922 shares during the last quarter. CWM LLC raised its position in Triumph Group by 473.7% in the second quarter. CWM LLC now owns 5,146 shares of the aerospace company’s stock worth $79,000 after acquiring an additional 4,249 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Triumph Group during the 2nd quarter worth $125,000. Hedge funds and other 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.