StockNews.com Initiates Coverage on Triumph Group (NYSE:TGI)

Analysts at StockNews.com began coverage on shares of Triumph Group (NYSE:TGI) in a research report issued on Tuesday. The brokerage set a “hold” rating on the aerospace company’s stock.

TGI has been the subject of a number of other research reports. Wolfe Research downgraded Triumph Group from an “outperform” rating to a “peer perform” rating in a research note on Monday, February 10th. Truist Financial increased their price target on shares of Triumph Group from $19.00 to $26.00 and gave the company a “hold” rating in a research report on Tuesday, February 4th. JPMorgan Chase & Co. raised shares of Triumph Group from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $17.00 to $26.00 in a research report on Tuesday, April 15th. Baird R W cut shares of Triumph Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Finally, Robert W. Baird restated a “neutral” rating and set a $26.00 price target (up previously from $20.00) on shares of Triumph Group in a research note on Tuesday, February 4th. One analyst has rated the stock with a sell rating and ten have issued a hold rating to the company. According to MarketBeat, Triumph Group has a consensus rating of “Hold” and an average price target of $20.63.

Triumph Group Stock Up 0.1%

TGI stock opened at $25.69 on Tuesday. The firm has a market cap of $1.99 billion, a PE ratio of 3.57 and a beta of 2.34. The business has a 50 day moving average of $25.27 and a 200-day moving average of $22.15. Triumph Group has a 12-month low of $11.01 and a 12-month high of $25.75.

Insider Buying and Selling at Triumph Group

In other news, CAO Jennifer H. Allen sold 35,000 shares of the company’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $25.32, for a total transaction of $886,200.00. Following the sale, the chief accounting officer now directly owns 51,696 shares in the company, valued at $1,308,942.72. This represents a 40.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 2.31% of the company’s stock.

Hedge Funds Weigh In On Triumph Group

Hedge funds have recently bought and sold shares of the company. Barclays PLC lifted its stake in Triumph Group by 155.8% in the 3rd quarter. Barclays PLC now owns 148,530 shares of the aerospace company’s stock worth $1,915,000 after purchasing an additional 90,456 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Triumph Group in the fourth quarter worth $1,095,000. American Century Companies Inc. bought a new stake in Triumph Group during the fourth quarter valued at $30,845,000. Principal Financial Group Inc. grew its position in Triumph Group by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 374,896 shares of the aerospace company’s stock worth $6,996,000 after buying an additional 10,629 shares in the last quarter. Finally, Fisher Asset Management LLC increased its stake in Triumph Group by 17.9% in the 4th quarter. Fisher Asset Management LLC now owns 1,829,860 shares of the aerospace company’s stock worth $34,145,000 after acquiring an additional 277,333 shares during the last quarter. 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.