Triumph Group (NYSE:TGI) Downgraded by Baird R W to Hold

Baird R W cut shares of Triumph Group (NYSE:TGI) from a strong-buy rating to a hold rating in a research note issued to investors on Tuesday,Zacks.com reports.

TGI has been the topic of a number of other research reports. JPMorgan Chase & Co. downgraded Triumph Group from a “neutral” rating to an “underweight” rating and dropped their price objective for the stock from $15.00 to $12.00 in a report on Monday, October 14th. Truist Financial increased their price objective on Triumph Group from $19.00 to $26.00 and gave the stock a “hold” rating in a report on Tuesday. Robert W. Baird restated a “neutral” rating and issued a $26.00 price objective (up previously from $20.00) on shares of Triumph Group in a report on Tuesday. TD Cowen upgraded Triumph Group to a “hold” rating in a report on Thursday, December 19th. Finally, StockNews.com upgraded Triumph Group from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Triumph Group presently has a consensus rating of “Hold” and an average target price of $18.22.

Triumph Group Stock Performance

NYSE:TGI opened at $25.11 on Tuesday. The stock’s 50 day moving average price is $18.98 and its 200 day moving average price is $16.19. Triumph Group has a 52 week low of $11.01 and a 52 week high of $25.34. The company has a market capitalization of $1.94 billion, a P/E ratio of 3.69 and a beta of 2.51.

Institutional Investors Weigh In On Triumph Group

Several hedge funds have recently modified their holdings of TGI. Assenagon Asset Management S.A. boosted its position in shares of Triumph Group by 124.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,318,285 shares of the aerospace company’s stock valued at $43,259,000 after acquiring an additional 1,286,568 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Triumph Group by 1,207.4% in the third quarter. JPMorgan Chase & Co. now owns 538,904 shares of the aerospace company’s stock valued at $6,946,000 after acquiring an additional 497,684 shares during the period. State Street Corp boosted its position in shares of Triumph Group by 7.8% in the third quarter. State Street Corp now owns 4,447,835 shares of the aerospace company’s stock valued at $57,333,000 after acquiring an additional 322,048 shares during the period. Nisa Investment Advisors LLC lifted its position in Triumph Group by 18,544.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 256,554 shares of the aerospace company’s stock worth $4,787,000 after purchasing an additional 255,178 shares during the period. Finally, Geode Capital Management LLC lifted its position in Triumph Group by 8.1% in the third quarter. Geode Capital Management LLC now owns 1,732,791 shares of the aerospace company’s stock worth $22,340,000 after purchasing an additional 129,391 shares during the period. 94.53% of the stock is owned by institutional investors.

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.