Triumph Group (NYSE:TGI) Stock Rating Lowered by Baird R W

Baird R W cut shares of Triumph Group (NYSE:TGI - Free Report) from a strong-buy rating to a hold rating in a research report report published on Tuesday morning,Zacks.com reports.

Other equities analysts have also recently issued research reports about the stock. TD Cowen raised shares of Triumph Group to a "hold" rating in a research report on Thursday, December 19th. JPMorgan Chase & Co. downgraded Triumph Group from a "neutral" rating to an "underweight" rating and dropped their price objective for the company from $15.00 to $12.00 in a research note on Monday, October 14th. Truist Financial upped their price objective on Triumph Group from $19.00 to $26.00 and gave the company a "hold" rating in a research note on Tuesday. Robert W. Baird reiterated a "neutral" rating and issued a $26.00 price objective (up previously from $20.00) on shares of Triumph Group in a research note on Tuesday. Finally, Barclays upped their price objective on Triumph Group from $16.00 to $21.00 and gave the company an "overweight" rating in a research note on Tuesday, November 19th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $18.78.

Triumph Group Stock Performance

Shares of Triumph Group stock traded up $0.01 during mid-day trading on Tuesday, hitting $25.19. 3,124,174 shares of the stock were exchanged, compared to its average volume of 2,420,768. Triumph Group has a 12 month low of $11.01 and a 12 month high of $25.34. The company has a 50-day simple moving average of $19.35 and a 200 day simple moving average of $16.37. The company has a market capitalization of $1.95 billion, a P/E ratio of 3.50 and a beta of 2.51.

Triumph Group (NYSE:TGI - Get Free Report) last posted its earnings results on Monday, February 10th. The aerospace company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.24 by $0.03. Triumph Group had a net margin of 45.08% and a negative return on equity of 52.06%. Analysts predict that Triumph Group will post 0.68 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. increased its stake in Triumph Group by 124.7% in the fourth 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 last quarter. Barclays PLC increased its stake in 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 acquiring an additional 90,456 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Triumph Group by 1,207.4% in the third quarter. JPMorgan Chase & Co. now owns 538,904 shares of the aerospace company's stock valued at $6,946,000 after acquiring an additional 497,684 shares during the last quarter. Geode Capital Management LLC increased its stake 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 stake in Triumph Group by 13.4% in the third quarter. BNP Paribas Financial Markets now owns 449,792 shares of the aerospace company's stock valued at $5,798,000 after acquiring an additional 53,092 shares during the last quarter. Institutional investors own 94.53% of the company's stock.

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.