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

Shares of Triumph Group, Inc. (NYSE:TGI) have been assigned an average recommendation of “Hold” from the nine ratings firms that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $16.67.

A number of analysts have recently issued reports on TGI shares. Barclays lifted their price target on Triumph Group from $16.00 to $21.00 and gave the company an “overweight” rating in a research report on Tuesday. JPMorgan Chase & Co. lowered shares of Triumph Group from a “neutral” rating to an “underweight” rating and decreased their price target for the stock from $15.00 to $12.00 in a report on Monday, October 14th. Bank of America downgraded shares of Triumph Group from a “buy” rating to an “underperform” rating and dropped their price objective for the stock 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 note on Tuesday, August 13th. Finally, TD Cowen increased their target price on shares of Triumph Group from $14.00 to $20.00 and gave the company a “hold” rating in a report on Wednesday, November 13th.

Institutional Trading of Triumph Group

Several large investors have recently added to or reduced their stakes in the stock. Old West Investment Management LLC lifted its position in shares of Triumph Group by 1.3% in the 3rd quarter. Old West Investment Management LLC now owns 42,426 shares of the aerospace company’s stock worth $547,000 after purchasing an additional 565 shares during the period. Geode Capital Management LLC boosted its position in Triumph Group by 8.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,732,791 shares of the aerospace company’s stock valued at $22,340,000 after acquiring an additional 129,391 shares in the last quarter. 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 acquiring an additional 90,456 shares during the period. State Street Corp raised its position in shares of Triumph Group by 7.8% in the 3rd quarter. State Street Corp now owns 4,447,835 shares of the aerospace company’s stock worth $57,333,000 after acquiring an additional 322,048 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its stake in shares of Triumph Group by 55.9% in the 3rd 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 during the period. Institutional investors own 94.53% of the company’s stock.

Triumph Group Stock Performance

Shares of TGI stock opened at $19.10 on Friday. The company has a market capitalization of $1.48 billion, a PE ratio of 2.80 and a beta of 2.48. Triumph Group has a 52-week low of $10.57 and a 52-week high of $19.71. The business’s fifty day moving average is $14.67 and its 200 day moving average is $14.70.

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.