Triumph Group (NYSE:TGI) Earns “Neutral” Rating from Robert W. Baird

Triumph Group (NYSE:TGI)‘s stock had its “neutral” rating reissued by Robert W. Baird in a research note issued on Tuesday, Marketbeat reports. They currently have a $26.00 price target on the aerospace company’s stock, up from their prior price target of $20.00. Robert W. Baird’s price target would suggest a potential upside of 3.34% from the company’s previous close.

A number of other equities analysts have also recently commented on TGI. JPMorgan Chase & Co. cut Triumph Group from a “neutral” rating to an “underweight” rating and lowered their target price for the company from $15.00 to $12.00 in a report on Monday, October 14th. StockNews.com upgraded Triumph Group from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. TD Cowen upgraded Triumph Group to a “hold” rating in a report on Thursday, December 19th. Truist Financial boosted their target price on Triumph Group from $18.00 to $19.00 and gave the stock a “hold” rating in a research note on Tuesday, January 14th. Finally, Barclays increased their price target on Triumph Group from $16.00 to $21.00 and gave the company an “overweight” rating in a research report on Tuesday, November 19th. Two equities research 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. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $18.22.

Triumph Group Price Performance

Shares of TGI stock opened at $25.16 on Tuesday. The company has a 50-day moving average of $19.10 and a two-hundred day moving average of $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 cap of $1.95 billion, a PE ratio of 3.69 and a beta of 2.51.

Hedge Funds Weigh In On Triumph Group

Several large investors have recently added to or reduced their stakes in TGI. Assenagon Asset Management S.A. lifted its holdings in shares of Triumph Group by 124.7% during 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 acquiring an additional 1,286,568 shares in the last quarter. Barclays PLC raised its stake in Triumph Group by 155.8% during the third quarter. Barclays PLC now owns 148,530 shares of the aerospace company’s stock worth $1,915,000 after acquiring an additional 90,456 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Triumph Group by 1,207.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 538,904 shares of the aerospace company’s stock worth $6,946,000 after acquiring an additional 497,684 shares during the period. Geode Capital Management LLC increased 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 worth $22,340,000 after acquiring an additional 129,391 shares during the period. Finally, BNP Paribas Financial Markets increased its holdings in shares of Triumph Group by 13.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 449,792 shares of the aerospace company’s stock worth $5,798,000 after acquiring an additional 53,092 shares during the period. 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.