StockNews.com Upgrades Triumph Group (NYSE:TGI) to Hold

Triumph Group (NYSE:TGI) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Wednesday.

Several other research firms also recently issued reports on TGI. Jefferies Financial Group restated a “hold” rating and issued a $14.00 price target (down from $20.00) on shares of Triumph Group in a research note on Monday, August 12th. Truist Financial boosted their target price on shares of Triumph Group from $12.00 to $18.00 and gave the company a “hold” rating in a research report on Wednesday, November 13th. The Goldman Sachs Group lowered shares of Triumph Group from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $19.00 to $15.00 in a research report on Tuesday, August 13th. TD Cowen boosted their price objective on shares of Triumph Group from $14.00 to $20.00 and gave the company a “hold” rating in a report on Wednesday, November 13th. Finally, JPMorgan Chase & Co. lowered shares of Triumph Group from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $15.00 to $12.00 in a research report on Monday, October 14th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Triumph Group has an average rating of “Hold” and a consensus price target of $16.67.

Triumph Group Stock Up 1.4 %

Shares of TGI stock opened at $18.77 on Wednesday. Triumph Group has a 12-month low of $10.57 and a 12-month high of $19.71. The company has a market capitalization of $1.45 billion, a PE ratio of 2.76 and a beta of 2.48. The firm has a 50 day moving average price of $14.44 and a two-hundred day moving average price of $14.64.

Hedge Funds Weigh In On Triumph Group

Several hedge funds and other institutional investors have recently made changes to their positions in TGI. State Street Corp increased its stake in Triumph Group by 7.8% in the third quarter. State Street Corp now owns 4,447,835 shares of the aerospace company’s stock valued at $57,333,000 after acquiring an additional 322,048 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Triumph Group by 8.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,732,791 shares of the aerospace company’s stock valued at $22,340,000 after purchasing an additional 129,391 shares in the last quarter. Fisher Asset Management LLC increased its stake in shares of Triumph Group by 0.3% in the 3rd quarter. Fisher Asset Management LLC now owns 1,552,527 shares of the aerospace company’s stock valued at $20,012,000 after purchasing an additional 5,377 shares during the last quarter. Point72 Asset Management L.P. raised its holdings in shares of Triumph Group by 12.5% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,516,707 shares of the aerospace company’s stock worth $23,372,000 after buying an additional 168,607 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Triumph Group by 12.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,054,841 shares of the aerospace company’s stock worth $16,254,000 after buying an additional 116,900 shares during the last quarter. 94.53% of the stock is currently owned by institutional investors and hedge funds.

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.