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

Triumph Group (NYSE:TGI) had its price target increased by equities research analysts at Truist Financial from $19.00 to $26.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “hold” rating on the aerospace company’s stock. Truist Financial’s price objective indicates a potential upside of 3.57% from the stock’s current price.

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

Triumph Group Stock Performance

Triumph Group stock traded up $0.01 during mid-day trading on Tuesday, reaching $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 company has a market capitalization of $1.94 billion, a price-to-earnings ratio of 3.69 and a beta of 2.51. Triumph Group has a 12 month low of $11.01 and a 12 month high of $25.34. The business’s 50 day simple moving average is $18.86 and its 200 day simple moving average is $16.13.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Assenagon Asset Management S.A. raised its holdings in 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 worth $43,259,000 after buying an additional 1,286,568 shares during the last quarter. Barclays PLC raised its holdings in Triumph Group by 155.8% during the third quarter. Barclays PLC now owns 148,530 shares of the aerospace company’s stock worth $1,915,000 after buying an additional 90,456 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Triumph Group by 1,207.4% during the third quarter. JPMorgan Chase & Co. now owns 538,904 shares of the aerospace company’s stock worth $6,946,000 after buying an additional 497,684 shares during the last quarter. Geode Capital Management LLC raised its holdings in Triumph Group by 8.1% during the third quarter. Geode Capital Management LLC now owns 1,732,791 shares of the aerospace company’s stock worth $22,340,000 after buying an additional 129,391 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in Triumph Group by 13.4% during the third quarter. BNP Paribas Financial Markets now owns 449,792 shares of the aerospace company’s stock worth $5,798,000 after buying an additional 53,092 shares during the last quarter. 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.