StockNews.com Upgrades Triumph Group (NYSE:TGI) to "Hold"

Triumph Group (NYSE:TGI - Get Free Report) was upgraded by StockNews.com from a "sell" rating to a "hold" rating in a research report issued on Wednesday.

Several other research firms also recently issued reports on TGI. TD Cowen lifted their price target on shares of Triumph Group from $14.00 to $20.00 and gave the company a "hold" rating in a research report on Wednesday, November 13th. Barclays upped their price objective on shares of Triumph Group from $16.00 to $21.00 and gave the stock an "overweight" rating in a research report on Tuesday. The Goldman Sachs Group cut Triumph Group from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $19.00 to $15.00 in a research report on Tuesday, August 13th. Truist Financial lifted their target price on Triumph Group from $12.00 to $18.00 and gave the stock a "hold" rating in a research note on Wednesday, November 13th. Finally, Jefferies Financial Group reiterated a "hold" rating and issued a $14.00 target price (down from $20.00) on shares of Triumph Group in a research note on Monday, August 12th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Triumph Group currently has an average rating of "Hold" and an average target price of $16.67.

Triumph Group Stock Performance

Shares of NYSE:TGI traded up $0.42 during mid-day trading on Wednesday, reaching $19.18. 1,095,121 shares of the company's stock were exchanged, compared to its average volume of 879,480. The firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of 2.82 and a beta of 2.48. Triumph Group has a twelve month low of $10.57 and a twelve month high of $19.71. The business's fifty day moving average price is $14.56 and its 200-day moving average price is $14.67.

Hedge Funds Weigh In On Triumph Group

A number of large investors have recently modified their holdings of TGI. Old West Investment Management LLC raised its holdings in Triumph Group by 1.3% in the 3rd quarter. Old West Investment Management LLC now owns 42,426 shares of the aerospace company's stock worth $547,000 after purchasing an additional 565 shares in the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of Triumph Group by 1.6% during the 2nd quarter. Louisiana State Employees Retirement System now owns 38,700 shares of the aerospace company's stock valued at $596,000 after buying an additional 600 shares during the period. ProShare Advisors LLC boosted its position in Triumph Group by 7.2% in the first quarter. ProShare Advisors LLC now owns 13,263 shares of the aerospace company's stock worth $199,000 after purchasing an additional 892 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Triumph Group by 4.1% in the second quarter. The Manufacturers Life Insurance Company now owns 35,340 shares of the aerospace company's stock worth $545,000 after buying an additional 1,405 shares during the last quarter. Finally, Lazard Asset Management LLC raised its holdings in Triumph Group by 98.3% in the 1st quarter. Lazard Asset Management LLC now owns 3,877 shares of the aerospace company's stock worth $58,000 after purchasing an additional 1,922 shares during the period. 94.53% of the stock is owned by hedge funds and other 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.