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 Tuesday. The brokerage issued a hold rating on the aerospace company’s stock.

A number of other analysts have also recently commented on the stock. Barclays cut shares of Triumph Group from an “overweight” rating to an “equal weight” rating and upped their target price for the company from $21.00 to $26.00 in a report on Thursday, February 6th. Baird R W cut shares of Triumph Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 4th. JPMorgan Chase & Co. raised shares of Triumph Group from an “underweight” rating to a “neutral” rating and upped their target price for the company from $17.00 to $26.00 in a report on Tuesday, April 15th. Robert W. Baird reaffirmed a “neutral” rating and set a $26.00 target price (up from $20.00) on shares of Triumph Group in a report on Tuesday, February 4th. Finally, Truist Financial upped their target price on shares of Triumph Group from $19.00 to $26.00 and gave the company a “hold” rating in a report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating and ten have issued a hold rating to the stock. According to MarketBeat, Triumph Group presently has a consensus rating of “Hold” and a consensus target price of $20.63.

Triumph Group Stock Performance

Shares of TGI stock opened at $25.69 on Tuesday. Triumph Group has a 12 month low of $11.01 and a 12 month high of $25.75. The stock has a market cap of $1.99 billion, a P/E ratio of 3.57 and a beta of 2.34. The company has a 50 day simple moving average of $25.27 and a two-hundred day simple moving average of $22.17.

Insider Transactions at Triumph Group

In other news, CAO Jennifer H. Allen sold 35,000 shares of the stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $25.32, for a total value of $886,200.00. Following the completion of the sale, the chief accounting officer now directly owns 51,696 shares of the company’s stock, valued at $1,308,942.72. This represents a 40.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 2.31% of the company’s stock.

Hedge Funds Weigh In On Triumph Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Irenic Capital Management LP boosted its position in shares of Triumph Group by 19.9% during the fourth quarter. Irenic Capital Management LP now owns 3,787,022 shares of the aerospace company’s stock worth $70,666,000 after acquiring an additional 628,296 shares during the last quarter. Pentwater Capital Management LP bought a new position in shares of Triumph Group during the first quarter worth $58,285,000. TIG Advisors LLC bought a new position in shares of Triumph Group during the first quarter worth $47,728,000. Fisher Asset Management LLC boosted its position in shares of Triumph Group by 17.9% during the fourth quarter. Fisher Asset Management LLC now owns 1,829,860 shares of the aerospace company’s stock worth $34,145,000 after acquiring an additional 277,333 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in shares of Triumph Group by 59.6% during the fourth quarter. First Trust Advisors LP now owns 1,702,245 shares of the aerospace company’s stock worth $31,764,000 after acquiring an additional 635,568 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.