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

Shares of Triumph Group, Inc. (NYSE:TGI) have been assigned an average rating of “Hold” from the nine analysts that are currently covering the firm, Marketbeat reports. Two equities research 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 target among analysts that have issued ratings on the stock in the last year is $16.67.

A number of research firms have recently weighed in on TGI. Truist Financial lifted their price target on shares of Triumph Group from $12.00 to $18.00 and gave the company a “hold” rating in a research report on Wednesday, November 13th. StockNews.com upgraded Triumph Group from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. Bank of America cut Triumph Group from a “buy” rating to an “underperform” rating and decreased their price target for the stock from $17.00 to $12.00 in a research report on Tuesday, September 24th. JPMorgan Chase & Co. cut shares of Triumph Group from a “neutral” rating to an “underweight” rating and cut their price objective for the stock from $15.00 to $12.00 in a research report on Monday, October 14th. Finally, TD Cowen increased their price objective on shares of Triumph Group from $14.00 to $20.00 and gave the stock a “hold” rating in a research note on Wednesday, November 13th.

Triumph Group Stock Down 6.8 %

NYSE TGI opened at $17.30 on Thursday. The company has a market capitalization of $1.34 billion, a P/E ratio of 2.54 and a beta of 2.52. Triumph Group has a 12-month low of $11.01 and a 12-month high of $19.71. The firm has a 50-day moving average price of $16.96 and a two-hundred day moving average price of $15.30.

Institutional Investors Weigh In On Triumph Group

A number of hedge funds have recently made changes to their positions in the stock. Quest Partners LLC bought a new position in Triumph Group in the 2nd quarter valued at approximately $41,000. CWM LLC lifted its stake in shares of Triumph Group by 473.7% in the 2nd quarter. CWM LLC now owns 5,146 shares of the aerospace company’s stock valued at $79,000 after acquiring an additional 4,249 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Triumph Group during the 2nd quarter valued at $125,000. International Assets Investment Management LLC grew its position in Triumph Group by 1,189.0% during the 3rd quarter. International Assets Investment Management LLC now owns 10,312 shares of the aerospace company’s stock worth $133,000 after acquiring an additional 9,512 shares during the last quarter. Finally, Centiva Capital LP acquired a new position in Triumph Group in the 3rd quarter worth about $255,000. 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.