Triumph Group (NYSE:TGI) Rating Lowered to "Equal Weight" at Barclays

Barclays lowered shares of Triumph Group (NYSE:TGI - Free Report) from an overweight rating to an equal weight rating in a report issued on Thursday morning, Marketbeat.com reports. Barclays currently has $26.00 price target on the aerospace company's stock, up from their prior price target of $21.00.

Other research analysts also recently issued reports about the company. Baird R W downgraded Triumph Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 4th. StockNews.com raised Triumph Group from a "sell" rating to a "hold" rating in a report on Wednesday, November 20th. Robert W. Baird reaffirmed a "neutral" rating and set a $26.00 price objective (up previously from $20.00) on shares of Triumph Group in a research note on Tuesday, February 4th. JPMorgan Chase & Co. downgraded shares of Triumph Group from a "neutral" rating to an "underweight" rating and cut their target price for the company from $15.00 to $12.00 in a research note on Monday, October 14th. Finally, Truist Financial raised their price target on shares of Triumph Group from $19.00 to $26.00 and gave the stock a "hold" rating in a research note on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, Triumph Group presently has an average rating of "Hold" and a consensus target price of $18.78.

Triumph Group Stock Performance

TGI stock traded up $0.01 during midday trading on Thursday, hitting $25.19. 3,124,174 shares of the stock were exchanged, compared to its average volume of 2,420,768. The stock's 50-day moving average price is $19.35 and its 200-day moving average price is $16.36. The stock has a market cap of $1.95 billion, a price-to-earnings ratio of 3.50 and a beta of 2.51. Triumph Group has a fifty-two week low of $11.01 and a fifty-two week high of $25.34.

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

Institutional Trading of Triumph Group

Several institutional investors have recently made changes to their positions in the stock. Old West Investment Management LLC boosted its holdings in Triumph Group by 1.3% in the third quarter. Old West Investment Management LLC now owns 42,426 shares of the aerospace company's stock valued at $547,000 after acquiring an additional 565 shares during the last quarter. Cornerstone Wealth Management LLC grew its holdings in shares of Triumph Group by 3.8% during the 4th 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 period. The Manufacturers Life Insurance Company increased its position in Triumph Group by 4.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 35,340 shares of the aerospace company's stock worth $545,000 after purchasing an additional 1,405 shares in the last quarter. MetLife Investment Management LLC raised its holdings in Triumph Group by 5.3% in the third quarter. MetLife Investment Management LLC now owns 40,780 shares of the aerospace company's stock valued at $526,000 after buying an additional 2,043 shares during the period. Finally, GSA Capital Partners LLP grew its stake in Triumph Group by 14.1% during the third quarter. GSA Capital Partners LLP now owns 26,374 shares of the aerospace company's stock worth $340,000 after buying an additional 3,253 shares during the period. 94.53% of the stock is owned by hedge funds and other 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.