Triumph Group (NYSE:TGI) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of Triumph Group (NYSE:TGI) in a research report report published on Friday morning. The brokerage issued a hold rating on the aerospace company’s stock.

Several other research analysts have also issued reports on TGI. TD Cowen raised Triumph Group to a “hold” rating in a research report on Thursday, December 19th. Baird R W downgraded Triumph Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Barclays cut Triumph Group from an “overweight” rating to an “equal weight” rating and upped their target price for the company from $21.00 to $26.00 in a report on Thursday, February 6th. Robert W. Baird restated a “neutral” rating and set a $26.00 price target (up previously from $20.00) on shares of Triumph Group in a report on Tuesday, February 4th. Finally, Truist Financial upped their price objective on shares of Triumph Group from $19.00 to $26.00 and gave the company a “hold” rating in a research note on Tuesday, February 4th. Two investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $18.78.

Triumph Group Trading Down 0.2 %

NYSE:TGI opened at $25.28 on Friday. The stock’s 50-day moving average is $20.63 and its 200-day moving average is $17.00. The stock has a market cap of $1.96 billion, a P/E ratio of 3.51 and a beta of 2.51. Triumph Group has a 1-year low of $11.01 and a 1-year high of $25.41.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of TGI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Triumph Group by 17.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 191,866 shares of the aerospace company’s stock valued at $3,580,000 after purchasing an additional 29,093 shares in the last quarter. Rafferty Asset Management LLC grew its stake in shares of Triumph Group by 4.7% in the 4th quarter. Rafferty Asset Management LLC now owns 19,802 shares of the aerospace company’s stock valued at $370,000 after buying an additional 896 shares during the period. Point72 Asia Singapore Pte. Ltd. increased its position in Triumph Group by 58.1% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,761 shares of the aerospace company’s stock valued at $126,000 after buying an additional 2,484 shares in the last quarter. ProShare Advisors LLC raised its stake in Triumph Group by 44.2% during the 4th quarter. ProShare Advisors LLC now owns 22,191 shares of the aerospace company’s stock worth $414,000 after buying an additional 6,806 shares during the period. Finally, Nuveen Asset Management LLC boosted its holdings in Triumph Group by 16.4% in the fourth quarter. Nuveen Asset Management LLC now owns 248,644 shares of the aerospace company’s stock worth $4,640,000 after acquiring an additional 34,974 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.