Triumph Group, Inc. (NYSE:TGI) Given Average Rating of “Hold” by Analysts

Shares of Triumph Group, Inc. (NYSE:TGI) have been given an average recommendation of “Hold” by the nine research firms that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $16.67.

Several brokerages recently issued reports on TGI. Truist Financial raised their target price on Triumph Group from $12.00 to $18.00 and gave the stock a “hold” rating in a research report on Wednesday, November 13th. StockNews.com upgraded Triumph Group from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. TD Cowen upped their target price on Triumph Group from $14.00 to $20.00 and gave the company a “hold” rating in a report on Wednesday, November 13th. JPMorgan Chase & Co. downgraded shares of Triumph Group from a “neutral” rating to an “underweight” rating and decreased their target price for the company from $15.00 to $12.00 in a research report on Monday, October 14th. Finally, Barclays boosted their price target on shares of Triumph Group from $16.00 to $21.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 19th.

Institutional Investors Weigh In On Triumph Group

A number of large investors have recently bought and sold shares of TGI. CWM LLC boosted its position in shares of Triumph Group by 473.7% during the 2nd quarter. CWM LLC now owns 5,146 shares of the aerospace company’s stock worth $79,000 after purchasing an additional 4,249 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Triumph Group in the second quarter valued at approximately $349,000. Assenagon Asset Management S.A. increased its holdings in shares of Triumph Group by 58.9% during the second quarter. Assenagon Asset Management S.A. now owns 428,650 shares of the aerospace company’s stock valued at $6,605,000 after acquiring an additional 158,893 shares in the last quarter. Nisa Investment Advisors LLC raised its position in shares of Triumph Group by 85,638.8% during the second quarter. Nisa Investment Advisors LLC now owns 187,768 shares of the aerospace company’s stock worth $2,894,000 after purchasing an additional 187,549 shares during the period. Finally, Louisiana State Employees Retirement System lifted its holdings in shares of Triumph Group by 1.6% in the 2nd quarter. Louisiana State Employees Retirement System now owns 38,700 shares of the aerospace company’s stock worth $596,000 after purchasing an additional 600 shares in the last quarter. 94.53% of the stock is currently owned by institutional investors and hedge funds.

Triumph Group Stock Performance

Shares of NYSE TGI opened at $17.30 on Thursday. The firm has a 50 day moving average price of $16.96 and a two-hundred day moving average price of $15.30. The stock has a market cap of $1.34 billion, a P/E ratio of 2.54 and a beta of 2.52. Triumph Group has a 52-week low of $11.01 and a 52-week high of $19.71.

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.