Triumph Group, Inc. (NYSE:TGI) Given Average Recommendation of "Hold" by Brokerages

Shares of Triumph Group, Inc. (NYSE:TGI - Get Free Report) have received a consensus recommendation of "Hold" from the nine ratings firms that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $16.67.

TGI has been the topic of several recent analyst reports. Bank of America downgraded shares of Triumph Group from a "buy" rating to an "underperform" rating and reduced their target price for the company from $17.00 to $12.00 in a research note on Tuesday, September 24th. JPMorgan Chase & Co. cut shares of Triumph Group from a "neutral" rating to an "underweight" rating and decreased their price objective for the stock from $15.00 to $12.00 in a research note on Monday, October 14th. Barclays lifted their target price on shares of Triumph Group from $16.00 to $21.00 and gave the company an "overweight" rating in a research note on Tuesday, November 19th. TD Cowen upgraded Triumph Group to a "hold" rating in a research report on Thursday, December 19th. Finally, StockNews.com upgraded Triumph Group from a "sell" rating to a "hold" rating in a research report on Wednesday, November 20th.

Institutional Trading of Triumph Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position in shares of Triumph Group by 1,207.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 538,904 shares of the aerospace company's stock worth $6,946,000 after buying an additional 497,684 shares during the period. Old West Investment Management LLC grew its holdings in Triumph Group by 1.3% during the 3rd quarter. Old West Investment Management LLC now owns 42,426 shares of the aerospace company's stock worth $547,000 after acquiring an additional 565 shares during the period. Geode Capital Management LLC raised its position in shares of Triumph Group by 8.1% during the 3rd 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. Barclays PLC lifted its stake in shares of Triumph Group by 155.8% in the 3rd quarter. Barclays PLC now owns 148,530 shares of the aerospace company's stock valued at $1,915,000 after purchasing an additional 90,456 shares during the period. Finally, State Street Corp boosted its position in shares of 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 during the last quarter. 94.53% of the stock is owned by institutional investors.

Triumph Group Stock Performance

NYSE TGI traded down $0.06 during trading on Monday, reaching $18.51. 326,687 shares of the company traded hands, compared to its average volume of 320,396. Triumph Group has a 1-year low of $11.01 and a 1-year high of $19.71. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 2.72 and a beta of 2.53. The stock's 50 day moving average price is $17.90 and its two-hundred day moving average price is $15.66.

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.