Triumph Group, Inc. (NYSE:TGI) Given Consensus Rating of “Hold” by Analysts

Triumph Group, Inc. (NYSE:TGI) has received an average rating of “Hold” from the nine analysts that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $16.11.

TGI has been the subject of a number of analyst reports. JPMorgan Chase & Co. lowered shares of Triumph Group from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $15.00 to $12.00 in a research report on Monday, October 14th. Jefferies Financial Group restated a “hold” rating and set a $14.00 price target (down from $20.00) on shares of Triumph Group in a research report on Monday, August 12th. StockNews.com cut Triumph Group from a “hold” rating to a “sell” rating in a research report on Tuesday, November 12th. TD Cowen raised their price target on Triumph Group from $14.00 to $20.00 and gave the company a “hold” rating in a report on Wednesday. Finally, Truist Financial lifted their price target on Triumph Group from $12.00 to $18.00 and gave the company a “hold” rating in a research report on Wednesday.

Triumph Group Stock Up 0.7 %

TGI opened at $17.98 on Friday. The firm has a 50-day moving average price of $14.22 and a 200-day moving average price of $14.56. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of 2.64 and a beta of 2.48. Triumph Group has a twelve month low of $10.45 and a twelve month high of $19.71.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Louisiana State Employees Retirement System grew its stake in shares of Triumph Group by 1.6% during the second quarter. Louisiana State Employees Retirement System now owns 38,700 shares of the aerospace company’s stock valued at $596,000 after buying an additional 600 shares during the last quarter. ProShare Advisors LLC boosted its holdings in Triumph Group by 7.2% during the 1st quarter. ProShare Advisors LLC now owns 13,263 shares of the aerospace company’s stock valued at $199,000 after acquiring an additional 892 shares during the period. The Manufacturers Life Insurance Company grew its position in Triumph Group by 4.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 35,340 shares of the aerospace company’s stock worth $545,000 after acquiring an additional 1,405 shares during the last quarter. Lazard Asset Management LLC increased its stake in Triumph Group by 98.3% in the 1st quarter. Lazard Asset Management LLC now owns 3,877 shares of the aerospace company’s stock worth $58,000 after purchasing an additional 1,922 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Triumph Group by 10.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,493 shares of the aerospace company’s stock valued at $347,000 after purchasing an additional 2,043 shares during the last quarter. 94.53% of the stock is currently owned by institutional investors.

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.