Triumph Group (NYSE:TGI) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Triumph Group (NYSE:TGI) in a report released on Thursday morning. The firm issued a hold rating on the aerospace company’s stock.

TGI has been the subject of a number of other research reports. Baird R W cut shares of Triumph Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 4th. TD Cowen upgraded shares of Triumph Group to a “hold” rating in a research report on Thursday, December 19th. Truist Financial lifted their price target on shares of Triumph Group from $19.00 to $26.00 and gave the company a “hold” rating in a research report on Tuesday, February 4th. Wolfe Research lowered Triumph Group from an “outperform” rating to a “peer perform” rating in a research note on Monday, February 10th. Finally, Barclays downgraded Triumph Group from an “overweight” rating to an “equal weight” rating and upped their target price for the company from $21.00 to $26.00 in a research report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. According to data from MarketBeat, Triumph Group currently has an average rating of “Hold” and a consensus price target of $18.78.

Triumph Group Stock Performance

Shares of TGI stock opened at $25.31 on Thursday. The company has a market capitalization of $1.96 billion, a price-to-earnings ratio of 3.51 and a beta of 2.51. Triumph Group has a 52 week low of $11.01 and a 52 week high of $25.41. The company has a 50-day simple moving average of $19.98 and a 200 day simple moving average of $16.68.

Triumph Group (NYSE:TGI) last posted its earnings results on Monday, February 10th. The aerospace company reported $0.27 EPS 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%. Sell-side analysts forecast that Triumph Group will post 0.68 EPS for the current year.

Hedge Funds Weigh In On Triumph Group

Several large investors have recently bought and sold shares of the company. Assenagon Asset Management S.A. increased its position in Triumph Group by 124.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,318,285 shares of the aerospace company’s stock valued at $43,259,000 after acquiring an additional 1,286,568 shares during the period. Barclays PLC increased its stake in shares of Triumph Group by 155.8% in the third quarter. Barclays PLC now owns 148,530 shares of the aerospace company’s stock valued at $1,915,000 after buying an additional 90,456 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Triumph Group by 1,207.4% in the third quarter. JPMorgan Chase & Co. now owns 538,904 shares of the aerospace company’s stock worth $6,946,000 after acquiring an additional 497,684 shares during the period. Geode Capital Management LLC boosted its holdings in Triumph Group by 8.1% in the third 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 during the last quarter. Finally, BNP Paribas Financial Markets increased its position in Triumph Group by 13.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 449,792 shares of the aerospace company’s stock valued at $5,798,000 after purchasing an additional 53,092 shares during the period. 94.53% of the stock is currently owned by institutional investors.

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.