Triumph Group (NYSE:TGI) Downgraded to Equal Weight Rating by Barclays

Barclays lowered shares of Triumph Group (NYSE:TGI) from an overweight rating to an equal weight rating in a report published on Thursday, MarketBeat Ratings reports. They currently have $26.00 price objective on the aerospace company’s stock, up from their previous price objective of $21.00.

TGI has been the subject of several other research reports. Robert W. Baird reiterated a “neutral” rating and set a $26.00 target price (up previously from $20.00) on shares of Triumph Group in a research report on Tuesday. Baird R W cut shares of Triumph Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. StockNews.com upgraded shares of Triumph Group from a “sell” rating to a “hold” rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. cut 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. Finally, Truist Financial raised their price target on Triumph Group from $19.00 to $26.00 and gave the company a “hold” rating in a report on Tuesday. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $18.78.

Triumph Group Trading Down 0.1 %

Triumph Group stock opened at $25.16 on Thursday. Triumph Group has a 12-month low of $11.01 and a 12-month high of $25.34. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of 3.69 and a beta of 2.51. The firm has a 50 day moving average of $19.23 and a 200 day moving average of $16.31.

Triumph Group (NYSE:TGI) last announced its quarterly earnings data on Monday, February 10th. The aerospace company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.24 by $0.03. Triumph Group had a net margin of 43.70% and a negative return on equity of 8.68%. On average, analysts predict that Triumph Group will post 0.68 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. The Manufacturers Life Insurance Company raised its position in Triumph Group by 4.1% in 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 during the period. SG Americas Securities LLC grew its position in Triumph Group by 199.0% in the 3rd quarter. SG Americas Securities LLC now owns 67,719 shares of the aerospace company’s stock valued at $873,000 after acquiring an additional 45,074 shares during the last quarter. Jade Capital Advisors LLC increased its stake in Triumph Group by 148.7% in the third quarter. Jade Capital Advisors LLC now owns 161,662 shares of the aerospace company’s stock worth $2,084,000 after purchasing an additional 96,662 shares during the period. International Assets Investment Management LLC lifted its position in shares of Triumph Group by 1,189.0% during the third quarter. International Assets Investment Management LLC now owns 10,312 shares of the aerospace company’s stock worth $133,000 after purchasing an additional 9,512 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Triumph Group by 140.7% during the third quarter. Assenagon Asset Management S.A. now owns 1,031,717 shares of the aerospace company’s stock valued at $13,299,000 after purchasing an additional 603,067 shares during the period. 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.