Triumph Group (NYSE:TGI) Cut to “Hold” at Baird R W

Triumph Group (NYSE:TGI) was downgraded by Baird R W from a “strong-buy” rating to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

A number of other equities analysts have also weighed in on TGI. StockNews.com upgraded Triumph Group from a “sell” rating to a “hold” rating in a research note on Wednesday, November 20th. Truist Financial lifted their price target on Triumph Group from $19.00 to $26.00 and gave the company a “hold” rating in a research report on Tuesday. JPMorgan Chase & Co. lowered Triumph Group from a “neutral” rating to an “underweight” rating and lowered their price objective for the stock from $15.00 to $12.00 in a research report on Monday, October 14th. Robert W. Baird reaffirmed a “neutral” rating and set a $26.00 target price (up from $20.00) on shares of Triumph Group in a report on Tuesday. Finally, Barclays increased their price target 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. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Triumph Group has a consensus rating of “Hold” and a consensus target price of $18.22.

Triumph Group Price Performance

NYSE:TGI opened at $25.16 on Tuesday. The company’s fifty day moving average price is $19.10 and its 200-day moving average price is $16.25. Triumph Group has a 1-year low of $11.01 and a 1-year high of $25.34. The firm has a market capitalization of $1.95 billion, a P/E ratio of 3.69 and a beta of 2.51.

Institutional Trading of Triumph Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Old West Investment Management LLC lifted its stake in Triumph Group by 1.3% in the 3rd quarter. Old West Investment Management LLC now owns 42,426 shares of the aerospace company’s stock valued at $547,000 after buying an additional 565 shares in the last quarter. Cornerstone Wealth Management LLC lifted its position in shares of Triumph Group by 3.8% in the fourth quarter. Cornerstone Wealth Management LLC now owns 15,964 shares of the aerospace company’s stock valued at $298,000 after acquiring an additional 580 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Triumph Group by 4.1% in the second quarter. The Manufacturers Life Insurance Company now owns 35,340 shares of the aerospace company’s stock worth $545,000 after acquiring an additional 1,405 shares during the last quarter. MetLife Investment Management LLC increased its position in shares of Triumph Group by 5.3% during the third quarter. MetLife Investment Management LLC now owns 40,780 shares of the aerospace company’s stock worth $526,000 after purchasing an additional 2,043 shares in the last quarter. Finally, GSA Capital Partners LLP raised its stake in Triumph Group by 14.1% in the 3rd quarter. GSA Capital Partners LLP now owns 26,374 shares of the aerospace company’s stock valued at $340,000 after purchasing an additional 3,253 shares during the last quarter. Hedge funds and other institutional investors own 94.53% of the company’s stock.

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.