Triumph Group (NYSE:TGI) Stock Rating Upgraded by JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Triumph Group (NYSE:TGI - Free Report) from an underweight rating to a neutral rating in a research report report published on Tuesday, Marketbeat Ratings reports. The firm currently has $26.00 price target on the aerospace company's stock, up from their prior price target of $17.00.

Several other brokerages have also commented on TGI. TD Cowen raised shares of Triumph Group to a "hold" rating in a research report on Thursday, December 19th. StockNews.com began coverage on shares of Triumph Group in a research note on Thursday, April 10th. They set a "hold" rating for the company. Baird R W downgraded Triumph Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Robert W. Baird reaffirmed a "neutral" rating and set a $26.00 price target (up previously from $20.00) on shares of Triumph Group in a research report on Tuesday, February 4th. Finally, Barclays lowered Triumph Group from an "overweight" rating to an "equal weight" rating and increased their price objective for the company from $21.00 to $26.00 in a report on Thursday, February 6th. One research analyst has rated the stock with a sell rating and ten have issued a hold rating to the company. Based on data from MarketBeat.com, Triumph Group has a consensus rating of "Hold" and a consensus target price of $20.63.

Triumph Group Stock Performance

TGI traded down $0.19 on Tuesday, hitting $24.68. The company had a trading volume of 2,318,459 shares, compared to its average volume of 1,206,136. Triumph Group has a 12-month low of $11.01 and a 12-month high of $25.55. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of 3.43 and a beta of 2.13. The stock has a fifty day moving average price of $25.20 and a 200-day moving average price of $20.39.

Triumph Group (NYSE:TGI - Get Free Report) last issued its quarterly earnings results on Monday, February 10th. The aerospace company reported $0.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.03. Triumph Group had a negative return on equity of 55.18% and a net margin of 45.08%. Analysts forecast that Triumph Group will post 0.68 EPS for the current fiscal year.

Insider Activity

In other Triumph Group news, CAO Jennifer H. Allen sold 35,000 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $25.32, for a total transaction of $886,200.00. Following the completion of the sale, the chief accounting officer now directly owns 51,696 shares in the company, valued at approximately $1,308,942.72. The trade was a 40.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.31% of the company's stock.

Institutional Trading of Triumph Group

Several large investors have recently made changes to their positions in the company. Cornerstone Wealth Management LLC grew 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 buying an additional 580 shares in the last quarter. Rafferty Asset Management LLC lifted its stake in Triumph Group by 4.7% in the 4th quarter. Rafferty Asset Management LLC now owns 19,802 shares of the aerospace company's stock worth $370,000 after purchasing an additional 896 shares in the last quarter. Canada Pension Plan Investment Board boosted its holdings in shares of Triumph Group by 0.5% during the 4th quarter. Canada Pension Plan Investment Board now owns 301,400 shares of the aerospace company's stock worth $5,624,000 after purchasing an additional 1,400 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Triumph Group by 3.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,712 shares of the aerospace company's stock valued at $778,000 after purchasing an additional 1,563 shares in the last quarter. Finally, Brevan Howard Capital Management LP increased its holdings in shares of Triumph Group by 17.1% in the fourth quarter. Brevan Howard Capital Management LP now owns 12,306 shares of the aerospace company's stock valued at $230,000 after purchasing an additional 1,798 shares during the last quarter. 94.53% of the stock is currently 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.