Triumph Group (NYSE:TGI) Now Covered by Analysts at StockNews.com

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

TGI has been the subject of a number of other reports. Baird R W downgraded Triumph Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 4th. TD Cowen upgraded shares of Triumph Group to a "hold" rating in a research report on Thursday, December 19th. Wolfe Research cut Triumph Group from an "outperform" rating to a "peer perform" rating in a research report on Monday, February 10th. Robert W. Baird reiterated a "neutral" rating and set a $26.00 target price (up previously from $20.00) on shares of Triumph Group in a research note on Tuesday, February 4th. Finally, Truist Financial increased their price target on shares of Triumph Group from $19.00 to $26.00 and gave the stock a "hold" rating in a report on Tuesday, February 4th. Two equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $18.78.

Triumph Group Trading Down 0.2 %

Shares of NYSE:TGI traded down $0.06 during trading on Friday, reaching $25.28. The stock had a trading volume of 1,667,498 shares, compared to its average volume of 2,101,203. The firm's 50-day simple moving average is $20.50 and its 200 day simple moving average is $16.93. Triumph Group has a one year low of $11.01 and a one year high of $25.41. The company has a market capitalization of $1.96 billion, a P/E ratio of 3.51 and a beta of 2.51.

Triumph Group (NYSE:TGI - Get Free Report) last released its earnings results on Monday, February 10th. The aerospace company reported $0.27 EPS 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 55.18%. Equities research analysts forecast that Triumph Group will post 0.68 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Triumph Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. American Century Companies Inc. acquired a new stake in Triumph Group during the 4th quarter worth $30,845,000. Assenagon Asset Management S.A. raised its stake in shares of Triumph Group by 124.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,318,285 shares of the aerospace company's stock valued at $43,259,000 after purchasing an additional 1,286,568 shares during the period. Norges Bank acquired a new stake in Triumph Group in the 4th quarter valued at $15,945,000. First Trust Advisors LP boosted its stake in shares of Triumph Group by 59.6% during the 4th quarter. First Trust Advisors LP now owns 1,702,245 shares of the aerospace company's stock worth $31,764,000 after buying an additional 635,568 shares during the last quarter. Finally, Irenic Capital Management LP grew its holdings in shares of Triumph Group by 19.9% in the 4th quarter. Irenic Capital Management LP now owns 3,787,022 shares of the aerospace company's stock valued at $70,666,000 after acquiring an additional 628,296 shares in the last quarter. 94.53% of the stock is 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.