Triumph Group (NYSE:TGI) Price Target Raised to $26.00 at Truist Financial

Triumph Group (NYSE:TGI) had its price target boosted by stock analysts at Truist Financial from $19.00 to $26.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a “hold” rating on the aerospace company’s stock. Truist Financial’s price objective would suggest a potential upside of 3.57% from the company’s previous close.

Several other analysts also recently issued reports on TGI. Robert W. Baird reiterated a “neutral” rating and issued a $26.00 price target (up from $20.00) on shares of Triumph Group in a report on Tuesday. JPMorgan Chase & Co. lowered shares of Triumph Group from a “neutral” rating to an “underweight” rating and dropped their price objective for the stock from $15.00 to $12.00 in a research note on Monday, October 14th. Barclays raised their price target on shares of Triumph Group from $16.00 to $21.00 and gave the company an “overweight” rating in a research note on Tuesday, November 19th. TD Cowen upgraded shares of Triumph Group to a “hold” rating in a research note on Thursday, December 19th. Finally, StockNews.com upgraded shares of Triumph Group from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Triumph Group currently has a consensus rating of “Hold” and a consensus price target of $18.22.

Triumph Group Price Performance

TGI traded up $0.01 during trading on Tuesday, hitting $25.11. The company’s stock had a trading volume of 3,475,708 shares, compared to its average volume of 1,577,878. The firm’s 50 day moving average price is $18.86 and its 200-day moving average price is $16.13. The stock has a market cap of $1.94 billion, a PE ratio of 3.69 and a beta of 2.51. Triumph Group has a twelve month low of $11.01 and a twelve month high of $25.34.

Institutional Investors Weigh In On Triumph Group

Several institutional investors and hedge funds have recently modified their holdings of the business. Assenagon Asset Management S.A. raised its position 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 buying an additional 1,286,568 shares during the last quarter. JPMorgan Chase & Co. grew its stake 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 last quarter. State Street Corp grew 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 purchasing an additional 322,048 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in Triumph Group by 18,544.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 256,554 shares of the aerospace company’s stock valued at $4,787,000 after buying an additional 255,178 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Triumph Group by 8.1% in the third quarter. Geode Capital Management LLC now owns 1,732,791 shares of the aerospace company’s stock valued at $22,340,000 after buying an additional 129,391 shares during the period. 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.