Triumph Group (NYSE:TGI) Rating Lowered to Hold at Baird R W

Baird R W cut shares of Triumph Group (NYSE:TGI) from a strong-buy rating to a hold rating in a research report sent to investors on Tuesday,Zacks.com reports.

Other research analysts have also issued reports about the company. JPMorgan Chase & Co. lowered 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. Truist Financial increased their price objective on Triumph Group from $19.00 to $26.00 and gave the stock a “hold” rating in a research note on Tuesday. Barclays increased their price objective on Triumph Group from $16.00 to $21.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 19th. StockNews.com upgraded Triumph Group from a “sell” rating to a “hold” rating in a research note on Wednesday, November 20th. Finally, TD Cowen upgraded Triumph Group to a “hold” rating in a research note on Thursday, December 19th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $18.22.

Triumph Group Price Performance

Shares of TGI stock opened at $25.11 on Tuesday. The stock has a market cap of $1.94 billion, a P/E ratio of 3.69 and a beta of 2.51. Triumph Group has a one year low of $11.01 and a one year high of $25.34. The stock has a fifty day moving average price of $18.98 and a 200 day moving average price of $16.19.

Institutional Trading of Triumph Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC increased its position in Triumph Group by 1,189.0% in the third quarter. International Assets Investment Management LLC now owns 10,312 shares of the aerospace company’s stock worth $133,000 after purchasing an additional 9,512 shares during the period. Cornerstone Wealth Management LLC boosted its holdings in Triumph Group by 3.8% during the fourth quarter. Cornerstone Wealth Management LLC now owns 15,964 shares of the aerospace company’s stock worth $298,000 after buying an additional 580 shares during the last quarter. Centiva Capital LP bought a new position in Triumph Group during the third quarter worth about $255,000. GSA Capital Partners LLP boosted its holdings in Triumph Group by 14.1% during the third quarter. GSA Capital Partners LLP now owns 26,374 shares of the aerospace company’s stock worth $340,000 after buying an additional 3,253 shares during the last quarter. Finally, Intech Investment Management LLC boosted its holdings in Triumph Group by 61.2% during the third quarter. Intech Investment Management LLC now owns 34,152 shares of the aerospace company’s stock worth $440,000 after buying an additional 12,965 shares during the last quarter. 94.53% of the stock is currently owned by institutional investors and hedge funds.

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.