Triumph Group (NYSE:TGI) Rating Lowered to “Sell” at StockNews.com

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

A number of other research firms have also weighed in on TGI. Bank of America lowered shares of Triumph Group from a “buy” rating to an “underperform” rating and cut their target price for the stock from $17.00 to $12.00 in a research report on Tuesday, September 24th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $14.00 target price (down previously from $20.00) on shares of Triumph Group in a report on Monday, August 12th. JPMorgan Chase & Co. lowered Triumph Group from a “neutral” rating to an “underweight” rating and cut their price target for the stock from $15.00 to $12.00 in a report on Monday, October 14th. The Goldman Sachs Group downgraded shares of Triumph Group from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $19.00 to $15.00 in a research note on Tuesday, August 13th. Finally, Barclays reduced their price target on shares of Triumph Group from $18.00 to $16.00 and set an “overweight” rating for the company in a report on Monday, August 12th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $16.11.

Triumph Group Trading Up 0.7 %

Shares of Triumph Group stock opened at $17.99 on Tuesday. The firm has a fifty day simple moving average of $14.22 and a 200-day simple moving average of $14.55. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of 2.64 and a beta of 2.48. Triumph Group has a 1-year low of $10.45 and a 1-year high of $19.71.

Hedge Funds Weigh In On Triumph Group

A number of hedge funds have recently made changes to their positions in TGI. Geode Capital Management LLC boosted its position in shares of Triumph Group by 8.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,732,791 shares of the aerospace company’s stock valued at $22,340,000 after acquiring an additional 129,391 shares in the last quarter. Barclays PLC boosted its holdings in Triumph Group by 155.8% during the third quarter. Barclays PLC now owns 148,530 shares of the aerospace company’s stock valued at $1,915,000 after purchasing an additional 90,456 shares in the last quarter. State Street Corp grew its stake in shares of Triumph Group by 7.8% in the 3rd quarter. State Street Corp now owns 4,447,835 shares of the aerospace company’s stock valued at $57,333,000 after purchasing an additional 322,048 shares during the period. Janus Henderson Group PLC raised its holdings in shares of Triumph Group by 55.9% in the 3rd quarter. Janus Henderson Group PLC now owns 41,092 shares of the aerospace company’s stock worth $530,000 after buying an additional 14,728 shares in the last quarter. Finally, Centiva Capital LP bought a new position in shares of Triumph Group during the 3rd quarter worth approximately $255,000. Institutional investors and hedge funds own 94.53% of the company’s stock.

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.