Triumph Group (NYSE:TGI) Upgraded at StockNews.com

StockNews.com upgraded shares of Triumph Group (NYSE:TGI) from a sell rating to a hold rating in a report released on Wednesday.

TGI has been the subject of several other research reports. TD Cowen upped their price objective on shares of Triumph Group from $14.00 to $20.00 and gave the stock a “hold” rating in a research report on Wednesday, November 13th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $14.00 price objective (down previously from $20.00) on shares of Triumph Group in a research note on Monday, August 12th. The Goldman Sachs Group cut shares of Triumph Group from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $19.00 to $15.00 in a research report on Tuesday, August 13th. Barclays lifted their price objective on Triumph Group from $16.00 to $21.00 and gave the stock an “overweight” rating in a report on Tuesday, November 19th. Finally, Truist Financial boosted their target price on Triumph Group from $12.00 to $18.00 and gave the company a “hold” rating in a research note on Wednesday, November 13th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Triumph Group currently has a consensus rating of “Hold” and an average target price of $16.67.

Triumph Group Price Performance

TGI opened at $19.27 on Wednesday. The firm has a market capitalization of $1.49 billion, a P/E ratio of 2.83 and a beta of 2.48. Triumph Group has a one year low of $10.65 and a one year high of $19.71. The company has a fifty day moving average price of $14.79 and a 200-day moving average price of $14.74.

Hedge Funds Weigh In On Triumph Group

Hedge funds have recently made changes to their positions in the business. State Street Corp boosted its holdings in Triumph Group by 7.8% in the third quarter. State Street Corp now owns 4,447,835 shares of the aerospace company’s stock valued at $57,333,000 after acquiring an additional 322,048 shares in the last quarter. Geode Capital Management LLC raised its stake in Triumph Group by 8.1% during 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 holdings in Triumph Group by 0.3% in the third 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 in the last quarter. Point72 Asset Management L.P. grew its stake in shares of Triumph Group by 12.5% in the second 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 increased its holdings in shares of Triumph Group by 12.5% during the second 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 in the last quarter. 94.53% of the stock is owned by hedge funds and other institutional investors.

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.