Triumph Group (NYSE:TGI) Downgraded to “Sell” Rating by StockNews.com

Triumph Group (NYSE:TGI) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Tuesday.

Other equities analysts have also issued research reports about the stock. Bank of America lowered 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. Jefferies Financial Group restated a “hold” rating and set a $14.00 price objective (down previously from $20.00) on shares of Triumph Group in a research report on Monday, August 12th. The Goldman Sachs Group downgraded Triumph Group from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $19.00 to $15.00 in a research report on Tuesday, August 13th. Truist Financial lowered their target price on Triumph Group from $15.00 to $12.00 and set a “hold” rating for the company in a research report on Friday, October 18th. Finally, Barclays reduced their price target on shares of Triumph Group from $18.00 to $16.00 and set an “overweight” rating on the stock in a research report on Monday, August 12th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $16.11.

Triumph Group Stock Down 2.2 %

NYSE:TGI opened at $18.30 on Tuesday. The business’s 50-day simple moving average is $14.02 and its two-hundred day simple moving average is $14.50. Triumph Group has a 52 week low of $10.45 and a 52 week high of $19.71. The stock has a market cap of $1.42 billion, a PE ratio of 2.69 and a beta of 2.48.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Triumph Group in the first quarter worth about $13,542,000. Assenagon Asset Management S.A. grew its stake in Triumph Group by 140.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,031,717 shares of the aerospace company’s stock worth $13,299,000 after acquiring an additional 603,067 shares in the last quarter. Kennedy Capital Management LLC increased its position in shares of Triumph Group by 199.6% during the first quarter. Kennedy Capital Management LLC now owns 450,918 shares of the aerospace company’s stock worth $6,782,000 after acquiring an additional 300,407 shares during the period. Marshall Wace LLP raised its stake in shares of Triumph Group by 318.2% during the second quarter. Marshall Wace LLP now owns 324,778 shares of the aerospace company’s stock valued at $5,005,000 after acquiring an additional 247,117 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of Triumph Group by 85,638.8% in the second quarter. Nisa Investment Advisors LLC now owns 187,768 shares of the aerospace company’s stock valued at $2,894,000 after purchasing an additional 187,549 shares during the period. Hedge funds and other 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.