Triumph Group (NYSE:TGI) Sees Large Volume Increase After Analyst Upgrade

Triumph Group, Inc. (NYSE:TGI) shares saw strong trading volume on Tuesday after Truist Financial raised their price target on the stock from $19.00 to $26.00. Truist Financial currently has a hold rating on the stock. 994,785 shares changed hands during mid-day trading, a decline of 34% from the previous session’s volume of 1,507,135 shares.The stock last traded at $25.09 and had previously closed at $25.10.

A number of other equities analysts have also commented on TGI. JPMorgan Chase & Co. lowered shares of Triumph Group from a “neutral” rating to an “underweight” rating and lowered their price target for the stock from $15.00 to $12.00 in a research report on Monday, October 14th. Barclays raised their target price on shares of Triumph Group from $16.00 to $21.00 and gave the stock an “overweight” rating in a report on Tuesday, November 19th. Robert W. Baird reissued a “neutral” rating and set a $26.00 price target (up previously from $20.00) on shares of Triumph Group in a research report on Tuesday. StockNews.com upgraded Triumph Group from a “sell” rating to a “hold” rating in a research note on Wednesday, November 20th. Finally, TD Cowen upgraded Triumph Group to a “hold” rating in a research report on Thursday, December 19th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $18.22.

Hedge Funds Weigh In On Triumph Group

Several hedge funds and other institutional investors have recently modified their holdings of the business. Fisher Asset Management LLC lifted its stake in shares of Triumph Group by 17.9% in the 4th quarter. Fisher Asset Management LLC now owns 1,829,860 shares of the aerospace company’s stock valued at $34,145,000 after acquiring an additional 277,333 shares during the last quarter. Illinois Municipal Retirement Fund bought a new position in Triumph Group in the fourth quarter valued at about $788,000. Principal Financial Group Inc. boosted its stake in shares of Triumph Group by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 374,896 shares of the aerospace company’s stock valued at $6,996,000 after purchasing an additional 10,629 shares in the last quarter. Cornerstone Wealth Management LLC boosted its stake in shares of Triumph Group by 3.8% during the fourth quarter. Cornerstone Wealth Management LLC now owns 15,964 shares of the aerospace company’s stock valued at $298,000 after purchasing an additional 580 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in shares of Triumph Group by 18,544.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 256,554 shares of the aerospace company’s stock worth $4,787,000 after purchasing an additional 255,178 shares during the last quarter. Institutional investors own 94.53% of the company’s stock.

Triumph Group Stock Up 0.2 %

The company has a 50 day moving average price of $19.10 and a 200-day moving average price of $16.25. The company has a market cap of $1.95 billion, a price-to-earnings ratio of 3.69 and a beta of 2.51.

Triumph Group Company Profile

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.