Triumph Group (NYSE:TGI) Upgraded at TD Cowen

Triumph Group (NYSE:TGI) was upgraded by equities research analysts at TD Cowen to a “hold” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

TGI has been the subject of several other reports. Barclays increased their price objective on shares of Triumph Group from $16.00 to $21.00 and gave the company an “overweight” rating in a report on Tuesday, November 19th. StockNews.com raised shares of Triumph Group from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. Bank of America cut shares of Triumph Group from a “buy” rating to an “underperform” rating and reduced their target price for the company from $17.00 to $12.00 in a research note on Tuesday, September 24th. Truist Financial increased their price objective on Triumph Group from $12.00 to $18.00 and gave the company a “hold” rating in a report on Wednesday, November 13th. Finally, JPMorgan Chase & Co. cut Triumph Group from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $15.00 to $12.00 in a research report on Monday, October 14th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $16.67.

Triumph Group Trading Up 1.6 %

Shares of NYSE TGI opened at $17.57 on Thursday. Triumph Group has a 12-month low of $11.01 and a 12-month high of $19.71. The company has a market cap of $1.36 billion, a PE ratio of 2.58 and a beta of 2.52. The stock has a 50 day simple moving average of $17.03 and a 200-day simple moving average of $15.32.

Institutional Trading of Triumph Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Old West Investment Management LLC grew its position in Triumph Group by 1.3% during the third quarter. Old West Investment Management LLC now owns 42,426 shares of the aerospace company’s stock worth $547,000 after buying an additional 565 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Triumph Group by 8.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,732,791 shares of the aerospace company’s stock worth $22,340,000 after acquiring an additional 129,391 shares during the period. Barclays PLC grew its holdings in shares of Triumph Group by 155.8% during the 3rd quarter. Barclays PLC now owns 148,530 shares of the aerospace company’s stock worth $1,915,000 after purchasing an additional 90,456 shares in the last quarter. State Street Corp increased its position in shares of Triumph Group by 7.8% during the third quarter. State Street Corp now owns 4,447,835 shares of the aerospace company’s stock valued at $57,333,000 after purchasing an additional 322,048 shares during the period. Finally, Janus Henderson Group PLC raised its stake in shares of Triumph Group by 55.9% in the third quarter. Janus Henderson Group PLC now owns 41,092 shares of the aerospace company’s stock valued at $530,000 after purchasing an additional 14,728 shares in the last quarter. 94.53% of the stock is currently owned by institutional investors and hedge funds.

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.