Triumph Group (NYSE:TGI) Lowered to Equal Weight Rating by Barclays

Triumph Group (NYSE:TGI) was downgraded by stock analysts at Barclays from an “overweight” rating to an “equal weight” rating in a research report issued on Thursday, Marketbeat.com reports. They presently have a $26.00 price target on the aerospace company’s stock. Barclays‘s price objective suggests a potential upside of 3.34% from the company’s previous close.

A number of other equities research analysts have also weighed in on TGI. TD Cowen upgraded shares of Triumph Group to a “hold” rating in a report on Thursday, December 19th. Baird R W lowered shares of Triumph Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Truist Financial upped their target price on shares of Triumph Group from $19.00 to $26.00 and gave the stock a “hold” rating in a report on Tuesday. Robert W. Baird restated a “neutral” rating and issued a $26.00 target price (up previously from $20.00) on shares of Triumph Group in a report on Tuesday. Finally, StockNews.com upgraded shares of Triumph Group from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $18.78.

Triumph Group Trading Up 0.2 %

TGI opened at $25.16 on Thursday. Triumph Group has a 1-year low of $11.01 and a 1-year high of $25.34. The company has a market cap of $1.95 billion, a P/E ratio of 3.69 and a beta of 2.51. The company has a fifty day moving average price of $19.10 and a two-hundred day moving average price of $16.25.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Fisher Asset Management LLC grew its position in shares of Triumph Group by 17.9% during the 4th quarter. Fisher Asset Management LLC now owns 1,829,860 shares of the aerospace company’s stock valued at $34,145,000 after acquiring an additional 277,333 shares during the period. Illinois Municipal Retirement Fund bought a new position in shares of Triumph Group during the 4th quarter valued at approximately $788,000. Principal Financial Group Inc. grew its position in shares of Triumph Group by 2.9% during the 4th quarter. Principal Financial Group Inc. now owns 374,896 shares of the aerospace company’s stock valued at $6,996,000 after acquiring an additional 10,629 shares during the period. Cornerstone Wealth Management LLC grew its position in shares of Triumph Group by 3.8% during the 4th quarter. Cornerstone Wealth Management LLC now owns 15,964 shares of the aerospace company’s stock valued at $298,000 after acquiring an additional 580 shares during the period. Finally, Nisa Investment Advisors LLC boosted its holdings in Triumph Group by 18,544.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 256,554 shares of the aerospace company’s stock worth $4,787,000 after buying an additional 255,178 shares during the period. 94.53% of the stock is 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.