Triumph Group (NYSE:TGI) Stock Rating Lowered by Wolfe Research

Wolfe Research downgraded shares of Triumph Group (NYSE:TGI) from an outperform rating to a peer perform rating in a research note released on Monday, MarketBeat reports.

A number of other equities research analysts have also recently commented on TGI. Robert W. Baird restated a “neutral” rating and set a $26.00 target price (up from $20.00) on shares of Triumph Group in a research report on Tuesday, February 4th. Truist Financial boosted their price objective on Triumph Group from $19.00 to $26.00 and gave the company a “hold” rating in a research report on Tuesday, February 4th. StockNews.com upgraded Triumph Group from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. Baird R W downgraded Triumph Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Finally, TD Cowen raised shares of Triumph Group to a “hold” rating in a research report on Thursday, December 19th. Two equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $18.78.

Triumph Group Stock Performance

NYSE TGI opened at $25.33 on Monday. The firm has a market capitalization of $1.96 billion, a P/E ratio of 3.52 and a beta of 2.51. The stock has a 50-day simple moving average of $19.73 and a two-hundred day simple moving average of $16.55. Triumph Group has a fifty-two week low of $11.01 and a fifty-two week high of $25.41.

Triumph Group (NYSE:TGI) last issued its quarterly earnings data on Monday, February 10th. The aerospace company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. Triumph Group had a net margin of 45.08% and a negative return on equity of 52.06%. As a group, analysts forecast that Triumph Group will post 0.68 earnings per share for the current year.

Hedge Funds Weigh In On Triumph Group

Several institutional investors have recently added to or reduced their stakes in the business. Old West Investment Management LLC grew its holdings in Triumph Group by 1.3% in the third quarter. Old West Investment Management LLC now owns 42,426 shares of the aerospace company’s stock valued at $547,000 after purchasing an additional 565 shares during the period. Cornerstone Wealth Management LLC grew its stake in shares of Triumph Group by 3.8% during the 4th quarter. Cornerstone Wealth Management LLC now owns 15,964 shares of the aerospace company’s stock valued at $298,000 after buying an additional 580 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of Triumph Group by 4.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 35,340 shares of the aerospace company’s stock worth $545,000 after buying an additional 1,405 shares during the period. MetLife Investment Management LLC increased its stake in 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 acquiring an additional 2,043 shares during the last quarter. Finally, GSA Capital Partners LLP increased its stake in Triumph Group by 14.1% during the third quarter. GSA Capital Partners LLP now owns 26,374 shares of the aerospace company’s stock worth $340,000 after acquiring an additional 3,253 shares during the last quarter. 94.53% of the stock is currently owned by institutional investors and hedge funds.

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.