Truist Financial Raises Triumph Group (NYSE:TGI) Price Target to $19.00

Triumph Group (NYSE:TGI - Get Free Report) had its price target upped by analysts at Truist Financial from $18.00 to $19.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a "hold" rating on the aerospace company's stock. Truist Financial's target price suggests a potential upside of 1.55% from the stock's current price.

A number of other analysts have also commented on TGI. Bank of America lowered Triumph Group from a "buy" rating to an "underperform" rating and cut their price target for the company from $17.00 to $12.00 in a report on Tuesday, September 24th. JPMorgan Chase & Co. lowered Triumph Group from a "neutral" rating to an "underweight" rating and dropped their target price for the stock from $15.00 to $12.00 in a report on Monday, October 14th. TD Cowen raised Triumph Group to a "hold" rating in a report on Thursday, December 19th. Barclays upped their price target on shares of Triumph Group from $16.00 to $21.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 19th. Finally, StockNews.com raised shares of Triumph Group from a "sell" rating to a "hold" rating in a research report on Wednesday, November 20th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $16.78.

Triumph Group Trading Up 1.4 %

Shares of TGI stock traded up $0.25 during trading hours on Tuesday, hitting $18.71. 221,284 shares of the company were exchanged, compared to its average volume of 425,211. Triumph Group has a 52 week low of $11.01 and a 52 week high of $19.71. The business has a 50 day moving average of $18.34 and a two-hundred day moving average of $15.78. The company has a market capitalization of $1.45 billion, a PE ratio of 2.75 and a beta of 2.53.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Old West Investment Management LLC grew its position in shares of Triumph Group by 1.3% during 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. The Manufacturers Life Insurance Company lifted its position in Triumph Group by 4.1% during the second quarter. The Manufacturers Life Insurance Company now owns 35,340 shares of the aerospace company's stock worth $545,000 after purchasing an additional 1,405 shares during the period. MetLife Investment Management LLC increased its holdings in Triumph Group by 5.3% in the 3rd quarter. MetLife Investment Management LLC now owns 40,780 shares of the aerospace company's stock valued at $526,000 after buying an additional 2,043 shares during the period. Quest Partners LLC acquired a new position in shares of Triumph Group in the 2nd quarter valued at approximately $41,000. Finally, GSA Capital Partners LLP boosted its holdings in shares of Triumph Group by 14.1% in the 3rd quarter. GSA Capital Partners LLP now owns 26,374 shares of the aerospace company's stock valued at $340,000 after purchasing an additional 3,253 shares in the last quarter. 94.53% of the stock is owned by institutional investors.

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.