Truist Financial Boosts Triumph Group (NYSE:TGI) Price Target to $18.00

Triumph Group (NYSE:TGI) had its price objective upped by investment analysts at Truist Financial from $12.00 to $18.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has a “hold” rating on the aerospace company’s stock. Truist Financial’s price objective indicates a potential upside of 0.84% from the company’s previous close.

A number of other analysts also recently weighed in on the stock. StockNews.com downgraded shares of Triumph Group from a “hold” rating to a “sell” rating in a report on Tuesday. The Goldman Sachs Group cut Triumph Group from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $19.00 to $15.00 in a research report on Tuesday, August 13th. Jefferies Financial Group reissued a “hold” rating and issued a $14.00 price target (down previously from $20.00) on shares of Triumph Group in a report on Monday, August 12th. Bank of America lowered shares of Triumph Group from a “buy” rating to an “underperform” rating and decreased their target price for the company from $17.00 to $12.00 in a research report on Tuesday, September 24th. Finally, Barclays dropped their price target on shares of Triumph Group from $18.00 to $16.00 and set an “overweight” rating for the company in a research report on Monday, August 12th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Triumph Group has a consensus rating of “Hold” and an average price target of $16.11.

Triumph Group Stock Down 2.5 %

Shares of TGI stock opened at $17.85 on Wednesday. Triumph Group has a 12 month low of $10.45 and a 12 month high of $19.71. The firm has a market cap of $1.38 billion, a PE ratio of 2.62 and a beta of 2.48. The stock has a 50 day moving average of $14.12 and a 200-day moving average of $14.52.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Triumph Group during the 1st quarter valued at $13,542,000. Assenagon Asset Management S.A. lifted its position in Triumph Group by 140.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,031,717 shares of the aerospace company’s stock worth $13,299,000 after buying an additional 603,067 shares in the last quarter. Kennedy Capital Management LLC lifted its position in Triumph Group by 199.6% during the 1st quarter. Kennedy Capital Management LLC now owns 450,918 shares of the aerospace company’s stock worth $6,782,000 after buying an additional 300,407 shares in the last quarter. Marshall Wace LLP increased its position in Triumph Group by 318.2% in the 2nd quarter. Marshall Wace LLP now owns 324,778 shares of the aerospace company’s stock valued at $5,005,000 after acquiring an additional 247,117 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its position in Triumph Group by 85,638.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 187,768 shares of the aerospace company’s stock valued at $2,894,000 after acquiring an additional 187,549 shares in the last quarter. Institutional investors own 94.53% of the company’s stock.

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.