Triumph Group (NYSE:TGI) Price Target Raised to $21.00

Triumph Group (NYSE:TGI) had its price target lifted by Barclays from $16.00 to $21.00 in a research note published on Tuesday morning,Benzinga reports. The firm currently has an overweight rating on the aerospace company’s stock.

A number of other equities research analysts have also issued reports on TGI. The Goldman Sachs Group lowered shares of Triumph Group from a “buy” rating to a “neutral” rating and cut their price target for the company from $19.00 to $15.00 in a report on Tuesday, August 13th. Jefferies Financial Group reissued a “hold” rating and set a $14.00 price target (down from $20.00) on shares of Triumph Group in a research report on Monday, August 12th. TD Cowen raised their price objective on Triumph Group from $14.00 to $20.00 and gave the stock a “hold” rating in a research report on Wednesday, November 13th. Bank of America downgraded Triumph Group from a “buy” rating to an “underperform” rating and dropped their target price for the company from $17.00 to $12.00 in a report on Tuesday, September 24th. Finally, Truist Financial boosted their price objective on shares of Triumph Group from $12.00 to $18.00 and gave the company a “hold” rating in a research report on Wednesday, November 13th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Triumph Group has an average rating of “Hold” and an average price target of $16.67.

Triumph Group Stock Down 0.4 %

NYSE:TGI opened at $19.10 on Tuesday. The stock has a fifty day simple moving average of $14.67 and a 200 day simple moving average of $14.70. The firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of 2.80 and a beta of 2.48. Triumph Group has a 1-year low of $10.57 and a 1-year high of $19.71.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. raised its holdings in shares of Triumph Group by 140.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,031,717 shares of the aerospace company’s stock worth $13,299,000 after buying an additional 603,067 shares in the last quarter. State Street Corp grew its holdings 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 worth $57,333,000 after purchasing an additional 322,048 shares during the last quarter. Kennedy Capital Management LLC increased its holdings in shares of Triumph Group by 199.6% during the first quarter. Kennedy Capital Management LLC now owns 450,918 shares of the aerospace company’s stock worth $6,782,000 after buying an additional 300,407 shares in the last quarter. Marshall Wace LLP increased its holdings in Triumph Group by 318.2% during the 2nd quarter. Marshall Wace LLP now owns 324,778 shares of the aerospace company’s stock valued at $5,005,000 after purchasing an additional 247,117 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in Triumph Group by 85,638.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 187,768 shares of the aerospace company’s stock worth $2,894,000 after buying an additional 187,549 shares in the last quarter. 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.