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

Stock analysts at StockNews.com began coverage on shares of Triumph Group (NYSE:TGI) in a research note issued to investors on Sunday. The firm set a “hold” rating on the aerospace company’s stock.

Other analysts have also issued reports about the stock. Baird R W lowered shares of Triumph Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 4th. Robert W. Baird reaffirmed a “neutral” rating and set a $26.00 price objective (up previously from $20.00) on shares of Triumph Group in a research report on Tuesday, February 4th. Barclays downgraded shares of Triumph Group from an “overweight” rating to an “equal weight” rating and upped their target price for the stock from $21.00 to $26.00 in a research note on Thursday, February 6th. Truist Financial upped their price target on Triumph Group from $19.00 to $26.00 and gave the company a “hold” rating in a report on Tuesday, February 4th. Finally, Wolfe Research downgraded shares of Triumph Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, February 10th. Two investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $18.78.

Triumph Group Price Performance

Shares of NYSE:TGI opened at $25.26 on Friday. Triumph Group has a one year low of $11.01 and a one year high of $25.41. The company’s fifty day moving average price is $22.16 and its 200-day moving average price is $17.96. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of 3.51 and a beta of 2.53.

Triumph Group (NYSE:TGI) last announced its quarterly earnings data on Monday, February 10th. The aerospace company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. Triumph Group had a net margin of 45.08% and a negative return on equity of 55.18%. As a group, equities research analysts expect that Triumph Group will post 0.68 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Triumph Group by 17.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 191,866 shares of the aerospace company’s stock valued at $3,580,000 after buying an additional 29,093 shares during the last quarter. Rafferty Asset Management LLC raised its stake in Triumph Group by 4.7% during the fourth quarter. Rafferty Asset Management LLC now owns 19,802 shares of the aerospace company’s stock valued at $370,000 after purchasing an additional 896 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its position in Triumph Group by 58.1% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,761 shares of the aerospace company’s stock valued at $126,000 after purchasing an additional 2,484 shares during the last quarter. ProShare Advisors LLC grew its stake in shares of Triumph Group by 44.2% in the 4th quarter. ProShare Advisors LLC now owns 22,191 shares of the aerospace company’s stock worth $414,000 after buying an additional 6,806 shares in the last quarter. Finally, Nuveen Asset Management LLC increased its holdings in shares of Triumph Group by 16.4% in the 4th quarter. Nuveen Asset Management LLC now owns 248,644 shares of the aerospace company’s stock worth $4,640,000 after buying an additional 34,974 shares during the last quarter. Institutional investors own 94.53% of the company’s stock.

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.