Triumph Group (NYSE:TGI) Price Target Raised to $19.00

Triumph Group (NYSE:TGI) had its target price boosted by Truist Financial from $18.00 to $19.00 in a research report released on Tuesday,Benzinga reports. Truist Financial currently has a hold rating on the aerospace company’s stock.

A number of other brokerages have also recently issued reports on TGI. Bank of America cut shares of Triumph Group from a “buy” rating to an “underperform” rating and cut their target price for the stock from $17.00 to $12.00 in a research report on Tuesday, September 24th. StockNews.com upgraded Triumph Group from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. 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. TD Cowen upgraded Triumph Group to a “hold” rating in a report on Thursday, December 19th. Finally, Barclays raised their price target on Triumph Group from $16.00 to $21.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 19th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $16.38.

Triumph Group Stock Down 0.1 %

NYSE TGI opened at $18.86 on Tuesday. Triumph Group has a 52-week low of $11.01 and a 52-week high of $19.71. The stock has a market capitalization of $1.46 billion, a P/E ratio of 2.77 and a beta of 2.53. The firm has a 50-day moving average price of $18.49 and a 200 day moving average price of $15.82.

Institutional Investors Weigh In On Triumph Group

Several hedge funds have recently modified their holdings of the stock. State Street Corp lifted its position in shares of Triumph Group by 7.8% during the third quarter. State Street Corp now owns 4,447,835 shares of the aerospace company’s stock worth $57,333,000 after purchasing an additional 322,048 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in Triumph Group by 124.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,318,285 shares of the aerospace company’s stock valued at $43,259,000 after buying an additional 1,286,568 shares during the last quarter. Geode Capital Management LLC grew its stake 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 increased its position in shares of Triumph Group by 0.3% during the third quarter. Fisher Asset Management LLC now owns 1,552,527 shares of the aerospace company’s stock worth $20,012,000 after acquiring an additional 5,377 shares during the last quarter. Finally, Point72 Asset Management L.P. boosted its holdings in Triumph Group by 12.5% in the second quarter. Point72 Asset Management L.P. now owns 1,516,707 shares of the aerospace company’s stock valued at $23,372,000 after purchasing an additional 168,607 shares during the last quarter. 94.53% of the stock is currently owned by hedge funds and other institutional investors.

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.