Triumph Group (NYSE:TGI) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Triumph Group (NYSE:TGI) from a sell rating to a hold rating in a research note issued to investors on Wednesday morning.

Several other equities research analysts have also recently issued reports on TGI. Truist Financial raised their target price on shares of Triumph Group from $12.00 to $18.00 and gave the stock a “hold” rating in a report on Wednesday, November 13th. Barclays boosted their price target on Triumph Group from $16.00 to $21.00 and gave the company an “overweight” rating in a research note on Tuesday, November 19th. Jefferies Financial Group reiterated a “hold” rating and issued a $14.00 price objective (down previously from $20.00) on shares of Triumph Group in a research note on Monday, August 12th. The Goldman Sachs Group cut shares of Triumph Group from a “buy” rating to a “neutral” rating and reduced their target price for the company from $19.00 to $15.00 in a report on Tuesday, August 13th. Finally, TD Cowen lifted their target price on Triumph Group from $14.00 to $20.00 and gave the company a “hold” rating in a research report on Wednesday, November 13th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Triumph Group has a consensus rating of “Hold” and an average price target of $16.67.

Triumph Group Price Performance

Shares of NYSE:TGI opened at $19.27 on Wednesday. Triumph Group has a 1 year low of $10.65 and a 1 year high of $19.71. The company has a market cap of $1.49 billion, a P/E ratio of 2.83 and a beta of 2.48. The stock’s fifty day moving average price is $14.79 and its 200-day moving average price is $14.74.

Hedge Funds Weigh In On Triumph Group

A number of hedge funds have recently made changes to their positions in TGI. Assenagon Asset Management S.A. lifted its stake in Triumph Group by 58.9% in the 2nd quarter. Assenagon Asset Management S.A. now owns 428,650 shares of the aerospace company’s stock worth $6,605,000 after purchasing an additional 158,893 shares in the last quarter. SG Americas Securities LLC lifted its position in Triumph Group by 199.0% during the third quarter. SG Americas Securities LLC now owns 67,719 shares of the aerospace company’s stock valued at $873,000 after purchasing an additional 45,074 shares during the last quarter. Gamco Investors INC. ET AL purchased a new position in shares of Triumph Group in the 1st quarter worth $1,545,000. ProShare Advisors LLC increased its holdings in shares of Triumph Group by 7.2% in the 1st quarter. ProShare Advisors LLC now owns 13,263 shares of the aerospace company’s stock worth $199,000 after buying an additional 892 shares during the last quarter. Finally, Jade Capital Advisors LLC raised its position in shares of Triumph Group by 148.7% during the 3rd quarter. Jade Capital Advisors LLC now owns 161,662 shares of the aerospace company’s stock valued at $2,084,000 after buying an additional 96,662 shares in the last quarter. 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.