Analysts Set Triumph Group, Inc. (NYSE:TGI) Target Price at $16.11

Triumph Group, Inc. (NYSE:TGI) has been assigned a consensus recommendation of “Hold” from the nine analysts that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $16.67.

A number of research firms have recently commented on TGI. The Goldman Sachs Group lowered shares of Triumph Group from a “buy” rating to a “neutral” rating and cut their price objective for the company from $19.00 to $15.00 in a research report on Tuesday, August 13th. StockNews.com upgraded shares of Triumph Group from a “sell” rating to a “hold” rating in a research report on Wednesday. Jefferies Financial Group reiterated a “hold” rating and issued a $14.00 price objective (down previously from $20.00) on shares of Triumph Group in a research report on Monday, August 12th. JPMorgan Chase & Co. lowered Triumph Group from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $15.00 to $12.00 in a research note on Monday, October 14th. Finally, Truist Financial lifted their price target on Triumph Group from $12.00 to $18.00 and gave the company a “hold” rating in a research report on Wednesday, November 13th.

Triumph Group Trading Up 0.9 %

Shares of TGI stock opened at $19.27 on Friday. Triumph Group has a 12 month low of $10.65 and a 12 month high of $19.71. The stock has a market capitalization of $1.49 billion, a P/E ratio of 2.83 and a beta of 2.48. The firm’s 50 day moving average is $14.79 and its 200 day moving average is $14.74.

Institutional Investors Weigh In On Triumph Group

Institutional investors have recently added to or reduced their stakes in the company. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Triumph Group during the first quarter valued at about $13,542,000. Assenagon Asset Management S.A. grew its position in shares of Triumph Group by 140.7% in 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 during the last quarter. State Street Corp increased its stake 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 buying an additional 322,048 shares during the period. Kennedy Capital Management LLC raised its holdings in shares of Triumph Group by 199.6% during the first quarter. Kennedy Capital Management LLC now owns 450,918 shares of the aerospace company’s stock valued at $6,782,000 after acquiring an additional 300,407 shares in the last quarter. Finally, Marshall Wace LLP lifted its stake in Triumph Group by 318.2% in the second quarter. Marshall Wace LLP now owns 324,778 shares of the aerospace company’s stock worth $5,005,000 after acquiring an additional 247,117 shares during the period. Hedge funds and other 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.