Triumph Group, Inc. (NYSE:TGI) Receives $16.67 Average Target Price from Analysts

Shares of Triumph Group, Inc. (NYSE:TGI) have earned a consensus recommendation of “Hold” from the nine ratings firms that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $16.67.

Several equities analysts have weighed in on TGI shares. StockNews.com upgraded Triumph Group from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. TD Cowen raised shares of Triumph Group to a “hold” rating in a research note on Thursday, December 19th. Bank of America lowered shares of Triumph Group from a “buy” rating to an “underperform” rating and lowered their price objective for the company from $17.00 to $12.00 in a research report on Tuesday, September 24th. JPMorgan Chase & Co. cut shares of Triumph Group from a “neutral” rating to an “underweight” rating and decreased their target price for the company from $15.00 to $12.00 in a research report on Monday, October 14th. Finally, Barclays lifted their price target on Triumph Group from $16.00 to $21.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 19th.

Hedge Funds Weigh In On Triumph Group

A number of large investors have recently bought and sold shares of TGI. State Street Corp boosted its holdings in shares of 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 purchasing an additional 322,048 shares during the period. Geode Capital Management LLC increased its holdings in shares of Triumph Group by 8.1% during the third quarter. Geode Capital Management LLC now owns 1,732,791 shares of the aerospace company’s stock valued at $22,340,000 after acquiring an additional 129,391 shares in the last quarter. Fisher Asset Management LLC raised its position 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. boosted its stake in Triumph Group by 12.5% in 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 purchasing an additional 168,607 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in 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 purchasing an additional 116,900 shares during the last quarter. Hedge funds and other institutional investors own 94.53% of the company’s stock.

Triumph Group Stock Performance

Shares of NYSE TGI opened at $18.65 on Monday. The company has a market cap of $1.44 billion, a P/E ratio of 2.74 and a beta of 2.53. Triumph Group has a 52-week low of $11.01 and a 52-week high of $19.71. The firm’s fifty day moving average is $18.06 and its two-hundred day moving average is $15.71.

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.