Triumph Group (NYSE:TGI) Now Covered by Analysts at StockNews.com

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

TGI has been the topic of several other research reports. Baird R W lowered Triumph Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 4th. TD Cowen raised shares of Triumph Group to a “hold” rating in a research note on Thursday, December 19th. Wolfe Research downgraded shares of Triumph Group from an “outperform” rating to a “peer perform” rating in a research note on Monday, February 10th. Barclays cut shares of Triumph Group from an “overweight” rating to an “equal weight” rating and increased their price objective for the stock from $21.00 to $26.00 in a research report on Thursday, February 6th. Finally, Truist Financial boosted their target price on Triumph Group from $19.00 to $26.00 and gave the company a “hold” rating in a research report on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $18.78.

Triumph Group Trading Down 0.2 %

Shares of TGI opened at $25.33 on Friday. The firm has a 50-day moving average price of $21.50 and a 200 day moving average price of $17.54. Triumph Group has a 12-month low of $11.01 and a 12-month high of $25.41. The firm has a market capitalization of $1.96 billion, a P/E ratio of 3.52 and a beta of 2.51.

Triumph Group (NYSE:TGI) last announced 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 net margin of 45.08% and a negative return on equity of 55.18%. Equities research analysts predict that Triumph Group will post 0.68 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Triumph Group

Institutional investors and hedge funds have recently modified their holdings of the company. Sterling Capital Management LLC raised its stake in Triumph Group by 804.2% in the fourth quarter. Sterling Capital Management LLC now owns 2,351 shares of the aerospace company’s stock valued at $44,000 after buying an additional 2,091 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. increased its holdings in shares of 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 acquiring an additional 2,484 shares during the last quarter. International Assets Investment Management LLC raised its position in shares of Triumph Group by 1,189.0% during the 3rd quarter. International Assets Investment Management LLC now owns 10,312 shares of the aerospace company’s stock worth $133,000 after acquiring an additional 9,512 shares in the last quarter. Brevan Howard Capital Management LP lifted its stake in Triumph Group by 17.1% during the fourth quarter. Brevan Howard Capital Management LP now owns 12,306 shares of the aerospace company’s stock worth $230,000 after purchasing an additional 1,798 shares during the last quarter. Finally, Centiva Capital LP acquired a new position in Triumph Group in the third quarter valued at approximately $255,000. Institutional investors and hedge funds own 94.53% of the company’s stock.

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.