Triumph Group, Inc. (NYSE:TGI) Receives $16.67 Consensus PT from Analysts

Triumph Group, Inc. (NYSE:TGI - Get Free Report) has been assigned an average recommendation of "Hold" from the nine brokerages that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $16.67.

A number of brokerages recently issued reports on TGI. Truist Financial raised their price objective on Triumph Group from $12.00 to $18.00 and gave the stock a "hold" rating in a research report on Wednesday, November 13th. Barclays lifted their price target on shares of Triumph Group from $16.00 to $21.00 and gave the company an "overweight" rating in a research report on Tuesday, November 19th. JPMorgan Chase & Co. lowered 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 report on Monday, October 14th. StockNews.com upgraded shares of Triumph Group from a "sell" rating to a "hold" rating in a report on Wednesday, November 20th. Finally, Bank of America cut Triumph Group from a "buy" rating to an "underperform" rating and decreased their price target for the stock from $17.00 to $12.00 in a research note on Tuesday, September 24th.

Triumph Group Trading Down 1.7 %

Triumph Group stock traded down $0.33 during mid-day trading on Thursday, hitting $18.61. The company's stock had a trading volume of 317,449 shares, compared to its average volume of 863,634. The stock's fifty day moving average is $16.46 and its two-hundred day moving average is $15.18. The firm has a market capitalization of $1.44 billion, a PE ratio of 2.73 and a beta of 2.52. Triumph Group has a 1 year low of $11.01 and a 1 year high of $19.71.

Institutional Trading of Triumph Group

Several hedge funds have recently modified their holdings of the stock. Assenagon Asset Management S.A. grew its position in shares of Triumph Group by 140.7% during 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 increased 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 valued at $57,333,000 after purchasing an additional 322,048 shares during the last quarter. Marshall Wace LLP raised its holdings in shares of Triumph Group by 318.2% in the 2nd quarter. Marshall Wace LLP now owns 324,778 shares of the aerospace company's stock valued at $5,005,000 after purchasing an additional 247,117 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Triumph Group by 85,638.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 187,768 shares of the aerospace company's stock worth $2,894,000 after purchasing an additional 187,549 shares during the last quarter. Finally, Point72 Asset Management L.P. grew its stake in shares of Triumph Group by 12.5% during the second quarter. Point72 Asset Management L.P. now owns 1,516,707 shares of the aerospace company's stock worth $23,372,000 after purchasing an additional 168,607 shares in the last quarter. 94.53% of the stock is currently owned by institutional investors and hedge funds.

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.