StockNews.com Begins Coverage on Triumph Group (NYSE:TGI)

Equities researchers at StockNews.com initiated coverage on shares of Triumph Group (NYSE:TGI - Get Free Report) in a report issued on Thursday. The firm set a "hold" rating on the aerospace company's stock.

A number of other brokerages have also recently issued reports on TGI. Truist Financial boosted their price objective on shares of Triumph Group from $19.00 to $26.00 and gave the company a "hold" rating in a report on Tuesday, February 4th. Barclays cut shares of Triumph Group from an "overweight" rating to an "equal weight" rating and boosted their price objective for the company from $21.00 to $26.00 in a report on Thursday, February 6th. Wolfe Research cut shares of Triumph Group from an "outperform" rating to a "peer perform" rating in a report on Monday, February 10th. Baird R W cut shares of Triumph Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 4th. Finally, TD Cowen upgraded shares of Triumph Group to a "hold" rating in a report on Thursday, December 19th. Two analysts have rated the stock with a sell rating and nine have issued a hold rating to the company's stock. According to MarketBeat.com, Triumph Group currently has an average rating of "Hold" and an average target price of $18.78.

Triumph Group Trading Down 0.1 %

Shares of TGI traded down $0.03 on Thursday, reaching $25.31. 893,653 shares of the company's stock were exchanged, compared to its average volume of 2,420,768. The stock has a market capitalization of $1.96 billion, a P/E ratio of 3.51 and a beta of 2.51. The business has a 50 day moving average price of $19.98 and a two-hundred day moving average price of $16.68. Triumph Group has a 12 month low of $11.01 and a 12 month high of $25.41.

Triumph Group (NYSE:TGI - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The aerospace company reported $0.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.24 by $0.03. Triumph Group had a net margin of 45.08% and a negative return on equity of 52.06%. Equities research analysts predict that Triumph Group will post 0.68 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Old West Investment Management LLC boosted its holdings in Triumph Group by 1.3% during the third quarter. Old West Investment Management LLC now owns 42,426 shares of the aerospace company's stock worth $547,000 after purchasing an additional 565 shares during the last quarter. Cornerstone Wealth Management LLC boosted its holdings in Triumph Group by 3.8% during the fourth quarter. Cornerstone Wealth Management LLC now owns 15,964 shares of the aerospace company's stock worth $298,000 after purchasing an additional 580 shares during the last quarter. Canada Pension Plan Investment Board boosted its holdings in Triumph Group by 0.5% during the fourth quarter. Canada Pension Plan Investment Board now owns 301,400 shares of the aerospace company's stock worth $5,624,000 after purchasing an additional 1,400 shares during the last quarter. MetLife Investment Management LLC boosted its holdings in Triumph Group by 5.3% during the third quarter. MetLife Investment Management LLC now owns 40,780 shares of the aerospace company's stock worth $526,000 after purchasing an additional 2,043 shares during the last quarter. Finally, Sterling Capital Management LLC boosted its holdings in Triumph Group by 804.2% during the fourth quarter. Sterling Capital Management LLC now owns 2,351 shares of the aerospace company's stock worth $44,000 after purchasing an additional 2,091 shares during 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.