Triumph Group (NYSE:TGI) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Triumph Group (NYSE:TGI) in a research report report published on Thursday. The firm issued a hold rating on the aerospace company’s stock.

Several other analysts also recently issued reports on TGI. Baird R W downgraded Triumph Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Truist Financial boosted their target price on shares of Triumph Group from $19.00 to $26.00 and gave the stock a “hold” rating in a report on Tuesday, February 4th. Wolfe Research cut shares of Triumph Group from an “outperform” rating to a “peer perform” rating in a research note on Monday. Robert W. Baird reiterated a “neutral” rating and issued a $26.00 price target (up from $20.00) on shares of Triumph Group in a report on Tuesday, February 4th. Finally, Barclays downgraded shares of 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. Two research analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. Based on data from MarketBeat.com, Triumph Group presently has a consensus rating of “Hold” and a consensus price target of $18.78.

Triumph Group Price Performance

TGI opened at $25.32 on Thursday. The company has a 50 day simple moving average of $19.86 and a two-hundred day simple moving average of $16.61. The firm has a market cap of $1.96 billion, a P/E ratio of 3.52 and a beta of 2.51. Triumph Group has a 1-year low of $11.01 and a 1-year high of $25.41.

Triumph Group (NYSE:TGI) last issued its earnings results on Monday, February 10th. The aerospace company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.03. Triumph Group had a net margin of 45.08% and a negative return on equity of 52.06%. Equities analysts anticipate that Triumph Group will post 0.68 earnings per share for the current year.

Institutional Trading of Triumph Group

Several hedge funds have recently made changes to their positions in TGI. Old West Investment Management LLC grew its position in Triumph Group by 1.3% in the third quarter. Old West Investment Management LLC now owns 42,426 shares of the aerospace company’s stock worth $547,000 after acquiring an additional 565 shares in the last quarter. Cornerstone Wealth Management LLC lifted its stake in shares of Triumph Group by 3.8% in the 4th quarter. Cornerstone Wealth Management LLC now owns 15,964 shares of the aerospace company’s stock valued at $298,000 after purchasing an additional 580 shares during the last quarter. Canada Pension Plan Investment Board boosted its holdings in shares of Triumph Group by 0.5% in the 4th quarter. Canada Pension Plan Investment Board now owns 301,400 shares of the aerospace company’s stock worth $5,624,000 after purchasing an additional 1,400 shares during the period. MetLife Investment Management LLC increased its position in shares of Triumph Group by 5.3% during the 3rd quarter. MetLife Investment Management LLC now owns 40,780 shares of the aerospace company’s stock valued at $526,000 after purchasing an additional 2,043 shares during the last quarter. Finally, Sterling Capital Management LLC raised its holdings in Triumph Group by 804.2% during the 4th quarter. Sterling Capital Management LLC now owns 2,351 shares of the aerospace company’s stock valued at $44,000 after buying an additional 2,091 shares during the period. 94.53% of the stock is currently 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.