Triumph Group's (TGI) Neutral Rating Reiterated at Robert W. Baird

Robert W. Baird restated their neutral rating on shares of Triumph Group (NYSE:TGI - Free Report) in a research note issued to investors on Tuesday, MarketBeat reports. The brokerage currently has a $26.00 price target on the aerospace company's stock, up from their previous price target of $20.00.

A number of other analysts also recently issued reports on the stock. Truist Financial lifted their price target on shares of Triumph Group from $18.00 to $19.00 and gave the company a "hold" rating in a report on Tuesday, January 14th. JPMorgan Chase & Co. cut Triumph Group from a "neutral" rating to an "underweight" rating and reduced their target price for the stock from $15.00 to $12.00 in a report on Monday, October 14th. TD Cowen raised Triumph Group to a "hold" rating in a research note on Thursday, December 19th. Barclays lifted their price objective on Triumph Group from $16.00 to $21.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 19th. Finally, StockNews.com upgraded Triumph Group from a "sell" rating to a "hold" rating in a research report on Wednesday, November 20th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, Triumph Group currently has a consensus rating of "Hold" and an average price target of $18.78.

Triumph Group Stock Performance

Shares of Triumph Group stock traded up $0.01 during trading hours on Tuesday, hitting $25.19. The company's stock had a trading volume of 3,124,174 shares, compared to its average volume of 2,149,922. Triumph Group has a 12-month low of $11.01 and a 12-month high of $25.34. The business has a 50 day moving average price of $19.35 and a two-hundred day moving average price of $16.37. The company has a market cap of $1.95 billion, a PE ratio of 3.70 and a beta of 2.51.

Triumph Group (NYSE:TGI - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The aerospace company reported $0.27 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.03. Triumph Group had a negative return on equity of 8.68% and a net margin of 43.70%. As a group, research analysts anticipate that Triumph Group will post 0.68 earnings per share for the current year.

Institutional Trading of Triumph Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Assenagon Asset Management S.A. grew 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 last quarter. Barclays PLC grew its holdings 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 worth $1,915,000 after purchasing an additional 90,456 shares during the last quarter. JPMorgan Chase & Co. grew its holdings 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 purchasing an additional 497,684 shares during the last quarter. Geode Capital Management LLC increased its stake in Triumph Group by 8.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,732,791 shares of the aerospace company's stock worth $22,340,000 after buying an additional 129,391 shares during the period. Finally, BNP Paribas Financial Markets boosted its position in Triumph Group by 13.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 449,792 shares of the aerospace company's stock valued at $5,798,000 after buying an additional 53,092 shares during the period. Hedge funds and other 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.