Triumph Group (NYSE:TGI) Given New $26.00 Price Target at Truist Financial

Triumph Group (NYSE:TGI - Get Free Report) had its price objective increased by Truist Financial from $19.00 to $26.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a "hold" rating on the aerospace company's stock. Truist Financial's price objective points to a potential upside of 3.24% from the company's previous close.

A number of other brokerages have also commented on TGI. Robert W. Baird reiterated 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. StockNews.com upgraded Triumph Group from a "sell" rating to a "hold" rating in a research note on Wednesday, November 20th. TD Cowen raised Triumph Group to a "hold" rating in a report on Thursday, December 19th. JPMorgan Chase & Co. cut Triumph Group from a "neutral" rating to an "underweight" rating and lowered their price objective for the stock from $15.00 to $12.00 in a research report on Monday, October 14th. Finally, Barclays boosted their target price 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. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $18.78.

Triumph Group Stock Performance

NYSE TGI traded up $0.01 during trading hours on Tuesday, hitting $25.19. 3,116,940 shares of the company traded hands, compared to its average volume of 2,141,315. The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of 3.70 and a beta of 2.51. Triumph Group has a twelve month low of $11.01 and a twelve month high of $25.34. The business's 50-day moving average is $19.23 and its 200-day moving average is $16.31.

Triumph Group (NYSE:TGI - Get Free Report) last announced its quarterly earnings data on Monday, February 10th. The aerospace company reported $0.27 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.03. Triumph Group had a net margin of 43.70% and a negative return on equity of 8.68%. Analysts predict that Triumph Group will post 0.68 EPS for the current year.

Institutional Trading of Triumph Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Assenagon Asset Management S.A. grew its holdings in Triumph Group by 124.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,318,285 shares of the aerospace company's stock worth $43,259,000 after acquiring an additional 1,286,568 shares during the last quarter. JPMorgan Chase & Co. raised its position in Triumph Group by 1,207.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 538,904 shares of the aerospace company's stock worth $6,946,000 after purchasing an additional 497,684 shares during the last quarter. State Street Corp raised its position in Triumph Group by 7.8% during the 3rd quarter. State Street Corp now owns 4,447,835 shares of the aerospace company's stock worth $57,333,000 after purchasing an additional 322,048 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in Triumph Group by 17.9% during the 4th quarter. Fisher Asset Management LLC now owns 1,829,860 shares of the aerospace company's stock worth $34,145,000 after buying an additional 277,333 shares during the period. Finally, Nisa Investment Advisors LLC grew its position in shares of Triumph Group by 18,544.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 256,554 shares of the aerospace company's stock valued at $4,787,000 after buying an additional 255,178 shares during the last quarter. 94.53% of the stock is currently owned by institutional investors.

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.