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

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

Several other brokerages also recently issued reports on TGI. Truist Financial upped their target price on shares of Triumph Group from $19.00 to $26.00 and gave the stock a “hold” rating in a research note on Tuesday, February 4th. Baird R W downgraded shares of Triumph Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Robert W. Baird restated a “neutral” rating and set a $26.00 price objective (up previously from $20.00) on shares of Triumph Group in a research report on Tuesday, February 4th. TD Cowen upgraded shares of Triumph Group to a “hold” rating in a research report on Thursday, December 19th. Finally, Wolfe Research downgraded shares of Triumph Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, February 10th. Two analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $18.78.

Triumph Group Stock Performance

Shares of NYSE TGI opened at $25.33 on Friday. The firm’s 50 day moving average price is $21.36 and its 200-day moving average price is $17.43. The company has a market cap of $1.96 billion, a PE ratio of 3.52 and a beta of 2.51. Triumph Group has a 52-week low of $11.01 and a 52-week high of $25.41.

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

Institutional Trading of Triumph Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sterling Capital Management LLC increased its holdings in Triumph Group by 804.2% during 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 during the last quarter. Point72 Asia Singapore Pte. Ltd. increased its holdings in Triumph Group by 58.1% during the fourth 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 during the last quarter. International Assets Investment Management LLC increased its holdings in Triumph Group by 1,189.0% during the third quarter. International Assets Investment Management LLC now owns 10,312 shares of the aerospace company’s stock valued at $133,000 after buying an additional 9,512 shares during the last quarter. Brevan Howard Capital Management LP increased its holdings 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 valued at $230,000 after buying an additional 1,798 shares during the last quarter. Finally, Centiva Capital LP purchased a new stake in Triumph Group during the third quarter valued at approximately $255,000. 94.53% of the stock is owned by hedge funds and other 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.