Triumph Group (NYSE:TGI) Rating Increased to Hold at StockNews.com

Triumph Group (NYSE:TGI) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

Several other equities analysts have also issued reports on TGI. Bank of America lowered shares of 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 report on Tuesday, September 24th. The Goldman Sachs Group lowered Triumph Group from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $19.00 to $15.00 in a research report on Tuesday, August 13th. JPMorgan Chase & Co. lowered Triumph Group from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $15.00 to $12.00 in a research report on Monday, October 14th. Barclays raised their target price on shares of Triumph Group from $16.00 to $21.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $14.00 price target (down previously from $20.00) on shares of Triumph Group in a report on Monday, August 12th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $16.67.

Triumph Group Price Performance

Triumph Group stock opened at $18.77 on Wednesday. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 2.76 and a beta of 2.48. The company’s 50 day simple moving average is $14.44 and its 200 day simple moving average is $14.64. Triumph Group has a fifty-two week low of $10.57 and a fifty-two week high of $19.71.

Hedge Funds Weigh In On Triumph Group

A number of institutional investors have recently added to or reduced their stakes in the company. State Street Corp grew its holdings in Triumph Group by 7.8% during the third quarter. State Street Corp now owns 4,447,835 shares of the aerospace company’s stock worth $57,333,000 after purchasing an additional 322,048 shares during the period. Geode Capital Management LLC lifted its position in shares of 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 valued at $22,340,000 after buying an additional 129,391 shares during the last quarter. Fisher Asset Management LLC boosted its stake in shares of Triumph Group by 0.3% during the 3rd quarter. Fisher Asset Management LLC now owns 1,552,527 shares of the aerospace company’s stock worth $20,012,000 after acquiring an additional 5,377 shares during the period. Point72 Asset Management L.P. increased its holdings in shares of Triumph Group by 12.5% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,516,707 shares of the aerospace company’s stock worth $23,372,000 after acquiring an additional 168,607 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in 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 acquiring an additional 116,900 shares during the period. 94.53% of the stock is currently owned by institutional investors and hedge funds.

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.