Analysts Set Triumph Group, Inc. (NYSE:TGI) Price Target at $16.67

Shares of Triumph Group, Inc. (NYSE:TGI) have been assigned an average rating of “Hold” from the nine analysts that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $16.67.

A number of analysts recently commented on the company. Barclays raised their price target on Triumph Group from $16.00 to $21.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 19th. Bank of America cut shares of Triumph Group from a “buy” rating to an “underperform” rating and dropped their target price for the stock from $17.00 to $12.00 in a research report on Tuesday, September 24th. StockNews.com upgraded shares of Triumph Group from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. TD Cowen raised their price objective on shares of Triumph Group from $14.00 to $20.00 and gave the stock a “hold” rating in a report on Wednesday, November 13th. Finally, JPMorgan Chase & Co. cut 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.

Hedge Funds Weigh In On Triumph Group

Several large investors have recently made changes to their positions in TGI. State Street Corp lifted its position in Triumph Group by 7.8% in the 3rd 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 shares of Triumph Group by 8.1% in the third quarter. Geode Capital Management LLC now owns 1,732,791 shares of the aerospace company’s stock worth $22,340,000 after purchasing an additional 129,391 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Triumph Group by 0.3% during the third quarter. Fisher Asset Management LLC now owns 1,552,527 shares of the aerospace company’s stock valued at $20,012,000 after purchasing an additional 5,377 shares in the last quarter. Point72 Asset Management L.P. boosted its position in shares of Triumph Group by 12.5% during the second quarter. Point72 Asset Management L.P. now owns 1,516,707 shares of the aerospace company’s stock valued at $23,372,000 after buying an additional 168,607 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position 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 buying an additional 116,900 shares during the last quarter. 94.53% of the stock is currently owned by hedge funds and other institutional investors.

Triumph Group Stock Performance

NYSE TGI opened at $18.42 on Thursday. The stock has a market cap of $1.42 billion, a P/E ratio of 2.70 and a beta of 2.52. Triumph Group has a fifty-two week low of $11.01 and a fifty-two week high of $19.71. The stock has a 50 day simple moving average of $16.58 and a two-hundred day simple moving average of $15.21.

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.