Triumph Group (NYSE:TGI) Upgraded to “Neutral” at JPMorgan Chase & Co.

Triumph Group (NYSE:TGI) was upgraded by equities researchers at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a research note issued on Tuesday, MarketBeat Ratings reports. The firm presently has a $26.00 target price on the aerospace company’s stock, up from their previous target price of $17.00. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 4.63% from the company’s current price.

Other analysts also recently issued reports about the company. StockNews.com initiated coverage on Triumph Group in a report on Thursday, April 10th. They issued a “hold” rating for the company. Barclays downgraded Triumph Group from an “overweight” rating to an “equal weight” rating and increased their price objective for the company from $21.00 to $26.00 in a report on Thursday, February 6th. Baird R W downgraded shares of Triumph Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 4th. TD Cowen raised shares of Triumph Group to a “hold” rating in a research report on Thursday, December 19th. Finally, Robert W. Baird reaffirmed a “neutral” rating and issued a $26.00 target price (up from $20.00) on shares of Triumph Group in a report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating and ten have given a hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $20.63.

Triumph Group Stock Down 0.2 %

Shares of TGI opened at $24.85 on Tuesday. Triumph Group has a 52-week low of $11.01 and a 52-week high of $25.55. The stock has a 50 day moving average price of $25.23 and a 200 day moving average price of $20.23. The company has a market capitalization of $1.92 billion, a price-to-earnings ratio of 3.45 and a beta of 2.13.

Triumph Group (NYSE:TGI) last posted its earnings results on Monday, February 10th. The aerospace company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. Triumph Group had a net margin of 45.08% and a negative return on equity of 55.18%. On average, equities analysts anticipate that Triumph Group will post 0.68 EPS for the current fiscal year.

Insider Buying and Selling

In other Triumph Group news, CAO Jennifer H. Allen sold 35,000 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $25.32, for a total transaction of $886,200.00. Following the transaction, the chief accounting officer now owns 51,696 shares in the company, valued at approximately $1,308,942.72. The trade was a 40.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.31% of the stock is currently owned by corporate insiders.

Institutional Trading of Triumph Group

Several hedge funds have recently modified their holdings of the business. Sterling Capital Management LLC raised its position in Triumph Group by 804.2% in the fourth quarter. Sterling Capital Management LLC now owns 2,351 shares of the aerospace company’s stock worth $44,000 after acquiring an additional 2,091 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. increased its holdings in shares of Triumph Group by 58.1% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,761 shares of the aerospace company’s stock valued at $126,000 after purchasing an additional 2,484 shares in the last quarter. Brevan Howard Capital Management LP lifted its stake in shares of Triumph Group by 17.1% in the fourth quarter. Brevan Howard Capital Management LP now owns 12,306 shares of the aerospace company’s stock valued at $230,000 after purchasing an additional 1,798 shares during the period. Capula Management Ltd acquired a new stake in shares of Triumph Group in the fourth quarter valued at about $297,000. Finally, Cornerstone Wealth Management LLC grew its position in Triumph Group by 3.8% during the fourth quarter. Cornerstone Wealth Management LLC now owns 15,964 shares of the aerospace company’s stock worth $298,000 after buying an additional 580 shares during the period. 94.53% of the stock is 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.