Triumph Group (NYSE:TGI) Upgraded at TD Cowen

TD Cowen upgraded shares of Triumph Group (NYSE:TGI - Free Report) to a hold rating in a research note published on Thursday morning,Zacks.com reports.

A number of other research firms also recently issued reports on TGI. JPMorgan Chase & Co. downgraded shares of Triumph Group from a "neutral" rating to an "underweight" rating and cut their price objective for the stock from $15.00 to $12.00 in a report on Monday, October 14th. Barclays increased their price objective on shares of Triumph Group from $16.00 to $21.00 and gave the company an "overweight" rating in a research note on Tuesday, November 19th. Bank of America lowered Triumph Group from a "buy" rating to an "underperform" rating and reduced their target price for the company from $17.00 to $12.00 in a report on Tuesday, September 24th. StockNews.com upgraded Triumph Group from a "sell" rating to a "hold" rating in a research note on Wednesday, November 20th. Finally, Truist Financial boosted their price target on shares of Triumph Group from $12.00 to $18.00 and gave the stock a "hold" rating in a report on Wednesday, November 13th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Triumph Group presently has an average rating of "Hold" and an average target price of $16.67.

Triumph Group Trading Up 1.2 %

NYSE TGI traded up $0.21 during mid-day trading on Thursday, hitting $17.78. The company's stock had a trading volume of 2,730,749 shares, compared to its average volume of 865,179. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 2.61 and a beta of 2.52. The company's 50 day simple moving average is $17.03 and its 200 day simple moving average is $15.32. Triumph Group has a twelve month low of $11.01 and a twelve month high of $19.71.

Institutional Trading of Triumph Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Quest Partners LLC purchased a new position in shares of Triumph Group during the second quarter valued at approximately $41,000. Canada Pension Plan Investment Board purchased a new stake in shares of Triumph Group during the second quarter worth about $125,000. International Assets Investment Management LLC grew 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 valued at $133,000 after buying an additional 9,512 shares during the last quarter. Centiva Capital LP purchased a new position in Triumph Group during the 3rd quarter worth approximately $255,000. Finally, Intech Investment Management LLC acquired a new position in Triumph Group during the second quarter valued at $326,000. 94.53% of the stock is currently 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.