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

StockNews.com started coverage on shares of Triumph Group (NYSE:TGI) in a report released on Thursday. The brokerage issued a hold rating on the aerospace company’s stock.

Other research analysts also recently issued research reports about the stock. Truist Financial raised their price target on shares of Triumph Group from $19.00 to $26.00 and gave the stock a “hold” rating in a research note on Tuesday, February 4th. Barclays downgraded Triumph Group from an “overweight” rating to an “equal weight” rating and increased their price target for the stock from $21.00 to $26.00 in a research report on Thursday, February 6th. Baird R W cut Triumph Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Robert W. Baird reissued a “neutral” rating and issued a $26.00 price target (up from $20.00) on shares of Triumph Group in a research report on Tuesday, February 4th. Finally, Wolfe Research downgraded Triumph Group from an “outperform” rating to a “peer perform” rating in a research report on Monday. Two analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $18.78.

Triumph Group Price Performance

Shares of NYSE:TGI opened at $25.32 on Thursday. The business has a 50 day simple moving average of $19.86 and a two-hundred day simple moving average of $16.61. Triumph Group has a 1 year low of $11.01 and a 1 year high of $25.41. The firm has a market capitalization of $1.96 billion, a PE ratio of 3.52 and a beta of 2.51.

Triumph Group (NYSE:TGI) last posted 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 negative return on equity of 52.06% and a net margin of 45.08%. Equities research analysts expect that Triumph Group will post 0.68 EPS for the current fiscal year.

Institutional Investors Weigh In On Triumph Group

Several institutional investors have recently added to or reduced their stakes in TGI. Jade Capital Advisors LLC raised its position in shares of Triumph Group by 148.7% in the 3rd quarter. Jade Capital Advisors LLC now owns 161,662 shares of the aerospace company’s stock valued at $2,084,000 after purchasing an additional 96,662 shares during the last quarter. International Assets Investment Management LLC increased its stake in Triumph Group by 1,189.0% during the 3rd quarter. International Assets Investment Management LLC now owns 10,312 shares of the aerospace company’s stock valued at $133,000 after purchasing an additional 9,512 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Triumph Group by 140.7% in the third quarter. Assenagon Asset Management S.A. now owns 1,031,717 shares of the aerospace company’s stock worth $13,299,000 after buying an additional 603,067 shares during the last quarter. GSA Capital Partners LLP lifted its stake in shares of Triumph Group by 14.1% during the third quarter. GSA Capital Partners LLP now owns 26,374 shares of the aerospace company’s stock worth $340,000 after buying an additional 3,253 shares during the period. Finally, Sasco Capital Inc. CT lifted its stake in shares of Triumph Group by 50.5% during the third quarter. Sasco Capital Inc. CT now owns 71,473 shares of the aerospace company’s stock worth $921,000 after buying an additional 23,990 shares during the period. Institutional investors and hedge funds 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.