Triumph Group (NYSE:TGI) Sees Unusually-High Trading Volume Following Analyst Upgrade

Shares of Triumph Group, Inc. (NYSE:TGI - Get Free Report) saw unusually-high trading volume on Tuesday after Truist Financial raised their price target on the stock from $19.00 to $26.00. Truist Financial currently has a hold rating on the stock. Approximately 994,785 shares traded hands during trading, a decline of 34% from the previous session's volume of 1,507,135 shares.The stock last traded at $25.09 and had previously closed at $25.10.

A number of other analysts have also weighed in on TGI. JPMorgan Chase & Co. lowered Triumph Group from a "neutral" rating to an "underweight" rating and reduced their target price for the stock from $15.00 to $12.00 in a research note on Monday, October 14th. TD Cowen upgraded Triumph Group to a "hold" rating in a research note on Thursday, December 19th. Barclays raised their price target on Triumph Group from $16.00 to $21.00 and gave the company an "overweight" rating in a research note on Tuesday, November 19th. Robert W. Baird restated a "neutral" rating and set a $26.00 price target (up previously from $20.00) on shares of Triumph Group in a research note on Tuesday. Finally, StockNews.com upgraded Triumph Group from a "sell" rating to a "hold" rating in a research note on Wednesday, November 20th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Triumph Group has a consensus rating of "Hold" and an average price target of $18.78.

Institutional Investors Weigh In On Triumph Group

Institutional investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC lifted its holdings in shares of Triumph Group by 1,189.0% during the third quarter. International Assets Investment Management LLC now owns 10,312 shares of the aerospace company's stock worth $133,000 after purchasing an additional 9,512 shares during the period. Centiva Capital LP acquired a new stake in shares of Triumph Group during the third quarter worth about $255,000. Cornerstone Wealth Management LLC lifted its holdings in shares of Triumph Group by 3.8% during the fourth 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. GSA Capital Partners LLP lifted its holdings in shares of 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 purchasing an additional 3,253 shares during the period. Finally, Intech Investment Management LLC raised its position in Triumph Group by 61.2% during the third quarter. Intech Investment Management LLC now owns 34,152 shares of the aerospace company's stock valued at $440,000 after acquiring an additional 12,965 shares in the last quarter. Institutional investors and hedge funds own 94.53% of the company's stock.

Triumph Group Stock Up 0.0 %

The firm has a 50-day moving average of $19.23 and a two-hundred day moving average of $16.31. The company has a market capitalization of $1.95 billion, a PE ratio of 3.70 and a beta of 2.51.

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

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.