TD Cowen Upgrades Triumph Group (NYSE:TGI) to Hold

Triumph Group (NYSE:TGI) was upgraded by analysts at TD Cowen to a “hold” rating in a report released on Thursday,Zacks.com reports.

A number of other equities analysts have also recently issued reports on the stock. Truist Financial lifted their target price on shares of Triumph Group from $12.00 to $18.00 and gave the stock a “hold” rating in a research report on Wednesday, November 13th. Barclays lifted their price objective on Triumph Group from $16.00 to $21.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 19th. StockNews.com upgraded Triumph Group from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. Bank of America cut Triumph Group from a “buy” rating to an “underperform” rating and cut their price target for the stock from $17.00 to $12.00 in a report on Tuesday, September 24th. Finally, JPMorgan Chase & Co. lowered Triumph Group from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $15.00 to $12.00 in a research note on Monday, October 14th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Triumph Group presently has an average rating of “Hold” and an average target price of $16.67.

Triumph Group Stock Up 1.2 %

NYSE:TGI opened at $17.78 on Thursday. Triumph Group has a 52-week low of $11.01 and a 52-week high of $19.71. The stock has a fifty day simple moving average of $17.03 and a 200-day simple moving average of $15.32. The company has a market capitalization of $1.38 billion, a PE ratio of 2.61 and a beta of 2.52.

Hedge Funds Weigh In On Triumph Group

Institutional investors have recently added to or reduced their stakes in the business. Louisiana State Employees Retirement System grew its holdings in Triumph Group by 1.6% in the 2nd quarter. Louisiana State Employees Retirement System now owns 38,700 shares of the aerospace company’s stock valued at $596,000 after buying an additional 600 shares during the period. Bank of New York Mellon Corp grew its holdings in Triumph Group by 1.3% in the second quarter. Bank of New York Mellon Corp now owns 538,840 shares of the aerospace company’s stock valued at $8,304,000 after purchasing an additional 7,164 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Triumph Group by 10.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,493 shares of the aerospace company’s stock worth $347,000 after purchasing an additional 2,043 shares during the last quarter. Rhumbline Advisers raised its stake in Triumph Group by 1.6% during the second quarter. Rhumbline Advisers now owns 256,020 shares of the aerospace company’s stock worth $3,945,000 after purchasing an additional 4,075 shares during the period. Finally, Quest Partners LLC acquired a new position in shares of Triumph Group in the 2nd quarter valued at $41,000. 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.