Triumph Group, Inc. (NYSE:TGI) Given Consensus Rating of “Hold” by Analysts

Triumph Group, Inc. (NYSE:TGI) has received an average recommendation of “Hold” from the nine brokerages that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $18.22.

Several equities research analysts recently issued reports on TGI shares. Truist Financial upped their price target on Triumph Group from $19.00 to $26.00 and gave the company a “hold” rating in a research report on Tuesday. Robert W. Baird reissued a “neutral” rating and set a $26.00 price target (up from $20.00) on shares of Triumph Group in a research report on Tuesday. JPMorgan Chase & Co. lowered Triumph Group from a “neutral” rating to an “underweight” rating and dropped their price target for the company from $15.00 to $12.00 in a research report on Monday, October 14th. TD Cowen raised Triumph Group to a “hold” rating in a research report on Thursday, December 19th. Finally, Barclays increased their target price on Triumph Group from $16.00 to $21.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 19th.

Triumph Group Trading Up 0.0 %

TGI stock opened at $25.11 on Friday. The firm has a market cap of $1.94 billion, a P/E ratio of 3.69 and a beta of 2.51. Triumph Group has a 12-month low of $11.01 and a 12-month high of $25.34. The stock’s 50 day simple moving average is $18.98 and its 200 day simple moving average is $16.19.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of TGI. Assenagon Asset Management S.A. increased 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 valued at $43,259,000 after purchasing an additional 1,286,568 shares during the period. JPMorgan Chase & Co. increased its holdings 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 valued at $6,946,000 after purchasing an additional 497,684 shares during the period. State Street Corp increased its holdings in shares of Triumph Group by 7.8% during the third quarter. State Street Corp now owns 4,447,835 shares of the aerospace company’s stock valued at $57,333,000 after purchasing an additional 322,048 shares during the period. Nisa Investment Advisors LLC increased its holdings in shares of 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 valued at $4,787,000 after purchasing an additional 255,178 shares during the period. Finally, AQR Capital Management LLC increased its holdings in shares of Triumph Group by 78.5% during the second quarter. AQR Capital Management LLC now owns 361,976 shares of the aerospace company’s stock valued at $5,578,000 after purchasing an additional 159,154 shares during the period. 94.53% of the stock is owned by institutional investors and hedge funds.

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.