Triumph Group (NYSE:TGI) Given Neutral Rating at Robert W. Baird

Triumph Group (NYSE:TGI)‘s stock had its “neutral” rating restated by equities research analysts at Robert W. Baird in a research report issued on Tuesday,Benzinga reports. They presently have a $26.00 price target on the aerospace company’s stock, up from their prior price target of $20.00. Robert W. Baird’s price objective would indicate a potential upside of 3.57% from the stock’s previous close.

TGI has been the subject of a number of other research reports. JPMorgan Chase & Co. downgraded shares of Triumph Group from a “neutral” rating to an “underweight” rating and decreased their price target for the stock from $15.00 to $12.00 in a research report on Monday, October 14th. Barclays increased their price objective on shares of Triumph Group from $16.00 to $21.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 19th. Truist Financial upped their target price on Triumph Group from $18.00 to $19.00 and gave the company a “hold” rating in a report on Tuesday, January 14th. StockNews.com upgraded Triumph Group from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. Finally, TD Cowen upgraded Triumph Group to a “hold” rating in a research note on Thursday, December 19th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $17.44.

Triumph Group Price Performance

Shares of Triumph Group stock opened at $25.11 on Tuesday. The company has a market capitalization of $1.94 billion, a PE ratio of 3.69 and a beta of 2.51. Triumph Group has a 1-year low of $11.01 and a 1-year high of $25.34. The business has a 50-day moving average of $18.86 and a 200-day moving average of $16.13.

Institutional Investors Weigh In On Triumph Group

Institutional investors have recently modified their holdings of the stock. Old West Investment Management LLC increased its stake in shares of Triumph Group by 1.3% in 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. Cornerstone Wealth Management LLC increased its position in Triumph Group by 3.8% in the 4th quarter. Cornerstone Wealth Management LLC now owns 15,964 shares of the aerospace company’s stock worth $298,000 after purchasing an additional 580 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of 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 worth $545,000 after purchasing an additional 1,405 shares in the last quarter. MetLife Investment Management LLC lifted its holdings in shares of Triumph Group by 5.3% during the 3rd quarter. MetLife Investment Management LLC now owns 40,780 shares of the aerospace company’s stock valued at $526,000 after buying an additional 2,043 shares during the last quarter. Finally, GSA Capital Partners LLP grew its stake in shares of Triumph Group by 14.1% in the 3rd quarter. GSA Capital Partners LLP now owns 26,374 shares of the aerospace company’s stock valued at $340,000 after buying an additional 3,253 shares in the last quarter. Institutional investors and hedge funds 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.