StockNews.com Upgrades Triumph Group (NYSE:TGI) to “Hold”

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

Other analysts also recently issued research reports about the company. Barclays lifted their target price on Triumph Group from $16.00 to $21.00 and gave the company an “overweight” rating in a research note on Tuesday. TD Cowen boosted their target price on shares of Triumph Group from $14.00 to $20.00 and gave the stock a “hold” rating in a report on Wednesday, November 13th. JPMorgan Chase & Co. cut shares of Triumph Group from a “neutral” rating to an “underweight” rating and cut their target price for the company from $15.00 to $12.00 in a research note on Monday, October 14th. The Goldman Sachs Group cut shares of Triumph Group from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $19.00 to $15.00 in a research note on Tuesday, August 13th. Finally, Jefferies Financial Group restated a “hold” rating and set a $14.00 price objective (down previously from $20.00) on shares of Triumph Group in a research report on Monday, August 12th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $16.67.

Triumph Group Stock Performance

TGI opened at $19.18 on Wednesday. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 2.82 and a beta of 2.48. The firm’s fifty day moving average is $14.56 and its 200 day moving average is $14.67. Triumph Group has a fifty-two week low of $10.57 and a fifty-two week high of $19.71.

Institutional Investors Weigh In On Triumph Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. State Street Corp boosted its stake in shares of Triumph Group by 7.8% during 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. Geode Capital Management LLC boosted its position in shares of Triumph Group by 8.1% during the third quarter. Geode Capital Management LLC now owns 1,732,791 shares of the aerospace company’s stock valued at $22,340,000 after buying an additional 129,391 shares during the period. Fisher Asset Management LLC grew its stake in shares of Triumph Group by 0.3% during the third quarter. Fisher Asset Management LLC now owns 1,552,527 shares of the aerospace company’s stock valued at $20,012,000 after buying an additional 5,377 shares during the last quarter. Point72 Asset Management L.P. raised its holdings in shares of Triumph Group by 12.5% in the second quarter. Point72 Asset Management L.P. now owns 1,516,707 shares of the aerospace company’s stock worth $23,372,000 after buying an additional 168,607 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Triumph Group by 12.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,054,841 shares of the aerospace company’s stock worth $16,254,000 after acquiring an additional 116,900 shares during the last quarter. 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.