Triumph Group (NYSE:TGI) Cut to Peer Perform at Wolfe Research

Wolfe Research downgraded shares of Triumph Group (NYSE:TGI) from an outperform rating to a peer perform rating in a report released on Monday morning, Marketbeat Ratings reports.

A number of other research firms have also weighed in on TGI. Baird R W lowered shares of Triumph Group from a “strong-buy” rating to 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 note on Wednesday, November 20th. Barclays downgraded shares of Triumph Group from an “overweight” rating to an “equal weight” rating and raised their price target for the stock from $21.00 to $26.00 in a research note on Thursday, February 6th. Truist Financial raised their target price on shares of Triumph Group from $19.00 to $26.00 and gave the stock a “hold” rating in a research report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. downgraded Triumph Group from a “neutral” rating to an “underweight” rating and reduced their price objective for the stock from $15.00 to $12.00 in a report on Monday, October 14th. Two equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. According to MarketBeat.com, Triumph Group presently has a consensus rating of “Hold” and an average price target of $18.78.

Triumph Group Trading Down 0.1 %

TGI opened at $25.33 on Monday. Triumph Group has a 12 month low of $11.01 and a 12 month high of $25.41. The stock has a 50-day moving average of $19.73 and a 200 day moving average of $16.55. The firm has a market cap of $1.96 billion, a P/E ratio of 3.52 and a beta of 2.51.

Triumph Group (NYSE:TGI) last released its quarterly earnings results on Monday, February 10th. The aerospace company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.03. Triumph Group had a negative return on equity of 52.06% and a net margin of 45.08%. On average, research analysts forecast that Triumph Group will post 0.68 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Triumph Group

Several institutional investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company grew its position in Triumph Group by 4.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 35,340 shares of the aerospace company’s stock worth $545,000 after purchasing an additional 1,405 shares during the last quarter. Jade Capital Advisors LLC raised its stake in Triumph Group by 148.7% in the 3rd quarter. Jade Capital Advisors LLC now owns 161,662 shares of the aerospace company’s stock worth $2,084,000 after acquiring an additional 96,662 shares during the last quarter. International Assets Investment Management LLC lifted its position in Triumph Group by 1,189.0% during the 3rd quarter. International Assets Investment Management LLC now owns 10,312 shares of the aerospace company’s stock worth $133,000 after acquiring an additional 9,512 shares during the period. Assenagon Asset Management S.A. grew its stake in Triumph Group by 140.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,031,717 shares of the aerospace company’s stock valued at $13,299,000 after purchasing an additional 603,067 shares during the last quarter. Finally, GSA Capital Partners LLP increased its holdings in shares of Triumph Group by 14.1% in the third quarter. GSA Capital Partners LLP now owns 26,374 shares of the aerospace company’s stock valued at $340,000 after purchasing an additional 3,253 shares during the period. 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.