Triumph Group, Inc. (NYSE:TGI) Given Consensus Rating of “Hold” by Analysts

Triumph Group, Inc. (NYSE:TGI) has been given an average recommendation of “Hold” by the nine analysts that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $16.67.

A number of research firms recently commented on TGI. Barclays increased 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, November 19th. Bank of America lowered Triumph Group from a “buy” rating to an “underperform” rating and reduced their price objective for the company from $17.00 to $12.00 in a research report on Tuesday, September 24th. TD Cowen upgraded Triumph Group to a “hold” rating in a research report on Thursday, December 19th. StockNews.com upgraded shares of Triumph Group from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. Finally, Truist Financial boosted their price objective on shares of Triumph Group from $12.00 to $18.00 and gave the stock a “hold” rating in a report on Wednesday, November 13th.

Triumph Group Price Performance

Shares of NYSE:TGI opened at $18.35 on Monday. The company’s fifty day moving average price is $18.16 and its 200-day moving average price is $15.73. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of 2.69 and a beta of 2.53. Triumph Group has a one year low of $11.01 and a one year high of $19.71.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of TGI. State Street Corp increased its position in shares of Triumph Group by 7.8% during the third quarter. State Street Corp now owns 4,447,835 shares of the aerospace company’s stock valued at $57,333,000 after buying an additional 322,048 shares during the period. Geode Capital Management LLC boosted its position in Triumph Group by 8.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,732,791 shares of the aerospace company’s stock valued at $22,340,000 after acquiring an additional 129,391 shares in the last quarter. Fisher Asset Management LLC grew its holdings in shares of Triumph Group by 0.3% during the 3rd quarter. Fisher Asset Management LLC now owns 1,552,527 shares of the aerospace company’s stock worth $20,012,000 after acquiring an additional 5,377 shares during the period. Point72 Asset Management L.P. grew its holdings in shares of Triumph Group by 12.5% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,516,707 shares of the aerospace company’s stock worth $23,372,000 after acquiring an additional 168,607 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Triumph Group by 12.5% in 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 in 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.