Triumph Group (NYSE:TGI) Upgraded at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Triumph Group (NYSE:TGI) from an underweight rating to a neutral rating in a research note published on Tuesday morning, MarketBeat Ratings reports. JPMorgan Chase & Co. currently has $26.00 target price on the aerospace company’s stock, up from their prior target price of $17.00.

Other analysts have also issued research reports about the stock. Robert W. Baird reaffirmed a “neutral” rating and set a $26.00 target price (up previously from $20.00) on shares of Triumph Group in a report on Tuesday, February 4th. StockNews.com began coverage on Triumph Group in a research note on Thursday, April 10th. They set a “hold” rating for the company. TD Cowen raised Triumph Group to a “hold” rating in a research note on Thursday, December 19th. Wolfe Research cut Triumph Group from an “outperform” rating to a “peer perform” rating in a report on Monday, February 10th. Finally, Truist Financial upped their price target on Triumph Group from $19.00 to $26.00 and gave the company a “hold” rating in a research note on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating and ten have given a hold rating to the company. Based on data from MarketBeat.com, Triumph Group currently has a consensus rating of “Hold” and an average target price of $20.63.

Triumph Group Stock Down 0.7 %

Shares of TGI opened at $24.68 on Tuesday. The stock’s fifty day simple moving average is $25.22 and its 200-day simple moving average is $20.31. The firm has a market capitalization of $1.91 billion, a PE ratio of 3.43 and a beta of 2.13. Triumph Group has a 12-month low of $11.01 and a 12-month high of $25.55.

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

Insider Buying and Selling

In related news, CAO Jennifer H. Allen sold 35,000 shares of the company’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $25.32, for a total value of $886,200.00. Following the completion of the transaction, the chief accounting officer now directly owns 51,696 shares of the company’s stock, valued at approximately $1,308,942.72. This represents a 40.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.31% of the stock is owned by company insiders.

Institutional Trading of Triumph Group

A number of institutional investors have recently modified their holdings of TGI. Sterling Capital Management LLC grew its holdings in shares of Triumph Group by 804.2% during the fourth quarter. Sterling Capital Management LLC now owns 2,351 shares of the aerospace company’s stock worth $44,000 after buying an additional 2,091 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. grew its stake in shares of Triumph Group by 58.1% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,761 shares of the aerospace company’s stock worth $126,000 after acquiring an additional 2,484 shares in the last quarter. Brevan Howard Capital Management LP grew its stake in shares of Triumph Group by 17.1% during the 4th quarter. Brevan Howard Capital Management LP now owns 12,306 shares of the aerospace company’s stock worth $230,000 after acquiring an additional 1,798 shares in the last quarter. Capula Management Ltd bought a new stake in shares of Triumph Group in the fourth quarter worth $297,000. Finally, 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 purchasing an additional 580 shares during the last quarter. 94.53% of the stock is currently owned by 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.