Triumph Group (NYSE:TGI) Lowered to Sell Rating by StockNews.com

StockNews.com downgraded shares of Triumph Group (NYSE:TGI) from a hold rating to a sell rating in a research report report published on Tuesday.

Other equities analysts have also issued research reports about the company. Bank of America lowered Triumph Group from a “buy” rating to an “underperform” rating and decreased their price target for the company from $17.00 to $12.00 in a research note on Tuesday, September 24th. JPMorgan Chase & Co. lowered shares of Triumph Group from a “neutral” rating to an “underweight” rating and lowered their target price for the stock from $15.00 to $12.00 in a research note on Monday, October 14th. Jefferies Financial Group reissued a “hold” rating and issued a $14.00 price target (down from $20.00) on shares of Triumph Group in a research note on Monday, August 12th. Truist Financial lowered their price objective on shares of Triumph Group from $15.00 to $12.00 and set a “hold” rating for the company in a research report on Friday, October 18th. Finally, The Goldman Sachs Group lowered Triumph Group from a “buy” rating to a “neutral” rating and cut their target price for the company from $19.00 to $15.00 in a research report on Tuesday, August 13th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $14.78.

Triumph Group Stock Performance

TGI stock opened at $18.71 on Tuesday. Triumph Group has a one year low of $10.08 and a one year high of $19.71. The firm has a market cap of $1.45 billion, a PE ratio of 2.82 and a beta of 2.48. The firm’s 50 day moving average price is $13.92 and its 200-day moving average price is $14.47.

Hedge Funds Weigh In On Triumph Group

Several institutional investors have recently modified their holdings of TGI. Fisher Asset Management LLC raised its stake in shares of Triumph Group by 0.3% in the third quarter. Fisher Asset Management LLC now owns 1,552,527 shares of the aerospace company’s stock valued at $20,012,000 after acquiring an additional 5,377 shares in the last quarter. Point72 Asset Management L.P. raised its position in Triumph Group by 12.5% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,516,707 shares of the aerospace company’s stock valued at $23,372,000 after purchasing an additional 168,607 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake 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 valued at $16,254,000 after buying an additional 116,900 shares during the period. Assenagon Asset Management S.A. grew its position 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 worth $13,299,000 after buying an additional 603,067 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Triumph Group by 6.4% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 958,100 shares of the aerospace company’s stock worth $14,764,000 after buying an additional 57,700 shares during the period. Institutional investors and hedge funds 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.