Triumph Group (NYSE:TGI) Given New $18.00 Price Target at Truist Financial

Triumph Group (NYSE:TGI) had its target price upped by Truist Financial from $12.00 to $18.00 in a research note issued to investors on Wednesday morning,Benzinga reports. The brokerage currently has a hold rating on the aerospace company’s stock.

TGI has been the subject of a number of other reports. The Goldman Sachs Group downgraded Triumph Group from a “buy” rating to a “neutral” rating and cut their price target for the company from $19.00 to $15.00 in a research note on Tuesday, August 13th. StockNews.com cut shares of Triumph Group from a “hold” rating to a “sell” rating in a report on Tuesday. JPMorgan Chase & Co. cut shares of Triumph Group from a “neutral” rating to an “underweight” rating and dropped their price target for the stock from $15.00 to $12.00 in a research note on Monday, October 14th. Barclays reduced their price objective on Triumph Group from $18.00 to $16.00 and set an “overweight” rating for the company in a research note on Monday, August 12th. Finally, Bank of America lowered Triumph Group from a “buy” rating to an “underperform” rating and cut their price target for the company from $17.00 to $12.00 in a report on Tuesday, September 24th. Three analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Triumph Group currently has a consensus rating of “Hold” and a consensus target price of $16.11.

Triumph Group Stock Down 2.2 %

Shares of NYSE TGI opened at $18.30 on Wednesday. The firm has a market cap of $1.42 billion, a P/E ratio of 2.69 and a beta of 2.48. Triumph Group has a twelve month low of $10.45 and a twelve month high of $19.71. The company has a 50 day moving average of $14.02 and a 200 day moving average of $14.50.

Institutional Trading of Triumph Group

Several hedge funds have recently modified their holdings of TGI. MetLife Investment Management LLC raised its stake in Triumph Group by 5.3% during the third quarter. MetLife Investment Management LLC now owns 40,780 shares of the aerospace company’s stock valued at $526,000 after purchasing an additional 2,043 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of Triumph Group by 4.3% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 998,900 shares of the aerospace company’s stock valued at $12,876,000 after buying an additional 40,800 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Triumph Group by 13.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 449,792 shares of the aerospace company’s stock valued at $5,798,000 after acquiring an additional 53,092 shares during the last quarter. Rock Point Advisors LLC grew its position in Triumph Group by 2.6% in the third quarter. Rock Point Advisors LLC now owns 650,038 shares of the aerospace company’s stock worth $8,379,000 after acquiring an additional 16,705 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in Triumph Group by 7.1% during the third quarter. The Manufacturers Life Insurance Company now owns 37,864 shares of the aerospace company’s stock worth $488,000 after acquiring an additional 2,524 shares during the last quarter. 94.53% of the stock is owned by hedge funds and other 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.