Triumph Group (NYSE:TGI) Coverage Initiated at StockNews.com

StockNews.com assumed coverage on shares of Triumph Group (NYSE:TGI - Free Report) in a research note issued to investors on Sunday morning. The firm issued a hold rating on the aerospace company's stock.

Several other analysts have also recently weighed in on the stock. Robert W. Baird reissued a "neutral" rating and issued a $26.00 price target (up previously from $20.00) on shares of Triumph Group in a research note on Tuesday, February 4th. Wolfe Research cut Triumph Group from an "outperform" rating to a "peer perform" rating in a report on Monday, February 10th. Barclays cut Triumph Group from an "overweight" rating to an "equal weight" rating and raised their target price for the stock from $21.00 to $26.00 in a research note on Thursday, February 6th. Truist Financial lifted their target price on Triumph Group from $19.00 to $26.00 and gave the company a "hold" rating in a research report on Tuesday, February 4th. Finally, TD Cowen upgraded Triumph Group to a "hold" rating in a report on Thursday, December 19th. Two investment analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $18.78.

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Triumph Group Price Performance

Triumph Group stock traded up $0.04 during trading on Friday, reaching $25.29. 748,194 shares of the company were exchanged, compared to its average volume of 983,978. The stock's 50 day simple moving average is $22.29 and its two-hundred day simple moving average is $18.04. The company has a market capitalization of $1.96 billion, a P/E ratio of 3.51 and a beta of 2.52. Triumph Group has a 52-week low of $11.01 and a 52-week high of $25.41.

Triumph Group (NYSE:TGI - Get Free Report) last issued its earnings results on Monday, February 10th. The aerospace company reported $0.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.03. Triumph Group had a negative return on equity of 55.18% and a net margin of 45.08%. As a group, equities analysts forecast that Triumph Group will post 0.68 earnings per share for the current year.

Institutional Investors Weigh In On Triumph Group

Institutional investors and hedge funds have recently modified their holdings of the company. Sterling Capital Management LLC boosted its holdings in Triumph Group by 804.2% during the 4th quarter. Sterling Capital Management LLC now owns 2,351 shares of the aerospace company's stock valued at $44,000 after acquiring an additional 2,091 shares during the period. Point72 Asia Singapore Pte. Ltd. boosted its stake in shares of Triumph Group by 58.1% in the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,761 shares of the aerospace company's stock valued at $126,000 after purchasing an additional 2,484 shares during the period. Brevan Howard Capital Management LP boosted its stake in shares of Triumph Group by 17.1% in the fourth quarter. Brevan Howard Capital Management LP now owns 12,306 shares of the aerospace company's stock valued at $230,000 after purchasing an additional 1,798 shares during the period. Centiva Capital LP acquired a new position in shares of Triumph Group in the third quarter valued at approximately $255,000. Finally, Capula Management Ltd purchased a new stake in Triumph Group during the 4th quarter worth approximately $297,000. Hedge funds and other institutional investors own 94.53% of the company's stock.

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.