Triumph Group, Inc. (NYSE:TGI) Receives Average Rating of "Hold" from Brokerages

Triumph Group, Inc. (NYSE:TGI - Get Free Report) has been given a consensus rating of "Hold" by the nine research firms that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $16.11.

TGI has been the topic of several research reports. Truist Financial boosted their price objective on shares of Triumph Group from $12.00 to $18.00 and gave the stock a "hold" rating in a research note on Wednesday. Bank of America downgraded Triumph Group from a "buy" rating to an "underperform" rating and cut their price target for the stock from $17.00 to $12.00 in a research note on Tuesday, September 24th. TD Cowen lifted their price objective on Triumph Group from $14.00 to $20.00 and gave the company a "hold" rating in a research note on Wednesday. StockNews.com downgraded Triumph Group from a "hold" rating to a "sell" rating in a report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. downgraded Triumph Group from a "neutral" rating to an "underweight" rating and reduced their price target for the company from $15.00 to $12.00 in a report on Monday, October 14th.

Hedge Funds Weigh In On Triumph Group

A number of hedge funds have recently bought and sold shares of TGI. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Triumph Group during the first quarter valued at $13,542,000. Assenagon Asset Management S.A. lifted its holdings in shares of Triumph Group by 140.7% in the third 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 lifted its stake in 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 in the last quarter. Kennedy Capital Management LLC boosted its stake in Triumph Group by 199.6% during the first quarter. Kennedy Capital Management LLC now owns 450,918 shares of the aerospace company's stock valued at $6,782,000 after buying an additional 300,407 shares during the last quarter. Finally, Marshall Wace LLP boosted its position in shares of 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 acquiring an additional 247,117 shares during the last quarter. Hedge funds and other institutional investors own 94.53% of the company's stock.

Triumph Group Stock Up 0.7 %

Shares of NYSE:TGI traded up $0.12 during trading on Friday, hitting $17.98. The stock had a trading volume of 515,906 shares, compared to its average volume of 878,004. The company has a market capitalization of $1.39 billion, a PE ratio of 2.64 and a beta of 2.48. The firm's fifty day moving average is $14.22 and its 200 day moving average is $14.57. Triumph Group has a 12 month low of $10.45 and a 12 month high of $19.71.

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.