Triumph Group (NYSE:TGI) Lowered to Peer Perform Rating by Wolfe Research

Triumph Group (NYSE:TGI - Get Free Report) was downgraded by Wolfe Research from an "outperform" rating to a "peer perform" rating in a note issued to investors on Monday, Marketbeat Ratings reports.

Other equities analysts also recently issued reports about the company. StockNews.com upgraded Triumph Group from a "sell" rating to a "hold" rating in a research report on Wednesday, November 20th. TD Cowen upgraded shares of Triumph Group to a "hold" rating in a report on Thursday, December 19th. JPMorgan Chase & Co. downgraded shares of Triumph Group from a "neutral" rating to an "underweight" rating and cut their target price for the stock from $15.00 to $12.00 in a research report on Monday, October 14th. Barclays cut shares of Triumph Group from an "overweight" rating to an "equal weight" rating and upped their price target for the company from $21.00 to $26.00 in a research report on Thursday, February 6th. Finally, Robert W. Baird reiterated a "neutral" rating and set a $26.00 price target (up previously from $20.00) on shares of Triumph Group in a report on Tuesday, February 4th. Two research 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, the stock presently has an average rating of "Hold" and a consensus target price of $18.78.

Triumph Group Price Performance

TGI stock traded down $0.01 during trading on Monday, reaching $25.32. 1,498,017 shares of the company were exchanged, compared to its average volume of 2,153,345. The company has a market capitalization of $1.96 billion, a price-to-earnings ratio of 3.52 and a beta of 2.51. The company has a 50-day moving average of $19.86 and a two-hundred day moving average of $16.61. Triumph Group has a twelve month low of $11.01 and a twelve month high of $25.41.

Triumph Group (NYSE:TGI - Get Free Report) last posted its earnings results on Monday, February 10th. The aerospace company reported $0.27 earnings per share for the quarter, topping 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%. On average, analysts forecast that Triumph Group will post 0.68 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Assenagon Asset Management S.A. grew its stake in Triumph Group by 124.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,318,285 shares of the aerospace company's stock worth $43,259,000 after purchasing an additional 1,286,568 shares during the period. Barclays PLC grew its position in shares of Triumph Group by 155.8% during the 3rd quarter. Barclays PLC now owns 148,530 shares of the aerospace company's stock worth $1,915,000 after buying an additional 90,456 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Triumph Group by 1,207.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 538,904 shares of the aerospace company's stock valued at $6,946,000 after acquiring an additional 497,684 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of 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 valued at $22,340,000 after acquiring an additional 129,391 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its position in shares of Triumph Group by 13.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 449,792 shares of the aerospace company's stock valued at $5,798,000 after acquiring an additional 53,092 shares during the period. 94.53% of the stock is owned by institutional investors.

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.