Triumph Group (NYSE:TGI) Hits New 1-Year High – Time to Buy?

Shares of Triumph Group, Inc. (NYSE:TGIGet Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as $25.32 and last traded at $25.23, with a volume of 2401458 shares changing hands. The stock had previously closed at $18.74.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TGI. Truist Financial lifted their price target on shares of Triumph Group from $18.00 to $19.00 and gave the company a “hold” rating in a report on Tuesday, January 14th. TD Cowen upgraded shares of Triumph Group to a “hold” rating in a research report on Thursday, December 19th. Barclays boosted 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. JPMorgan Chase & Co. downgraded shares of Triumph Group from a “neutral” rating to an “underweight” rating and dropped their price target for the stock from $15.00 to $12.00 in a research report on Monday, October 14th. Finally, StockNews.com upgraded shares of Triumph Group from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $16.38.

View Our Latest Analysis on TGI

Triumph Group Trading Up 34.2 %

The firm has a market capitalization of $1.95 billion, a P/E ratio of 3.69 and a beta of 2.51. The stock has a 50 day simple moving average of $18.74 and a 200-day simple moving average of $16.07.

Hedge Funds Weigh In On Triumph Group

Several institutional investors have recently made changes to their positions in TGI. Assenagon Asset Management S.A. lifted its holdings in shares of Triumph Group by 124.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,318,285 shares of the aerospace company’s stock worth $43,259,000 after purchasing an additional 1,286,568 shares during the period. JPMorgan Chase & Co. increased its position in shares of Triumph Group by 1,207.4% during the third quarter. JPMorgan Chase & Co. now owns 538,904 shares of the aerospace company’s stock worth $6,946,000 after purchasing an additional 497,684 shares in the last quarter. State Street Corp boosted its stake in Triumph Group by 7.8% during the third quarter. State Street Corp now owns 4,447,835 shares of the aerospace company’s stock worth $57,333,000 after buying an additional 322,048 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in Triumph Group by 18,544.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 256,554 shares of the aerospace company’s stock worth $4,787,000 after buying an additional 255,178 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Triumph Group by 8.1% during the third quarter. Geode Capital Management LLC now owns 1,732,791 shares of the aerospace company’s stock worth $22,340,000 after buying an additional 129,391 shares during the last quarter. Hedge funds and other institutional investors own 94.53% of the company’s stock.

Triumph Group Company Profile

(Get Free Report)

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.

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