Triumph Group (NYSE:TGI) Rating Lowered to “Equal Weight” at Barclays

Triumph Group (NYSE:TGI) was downgraded by analysts at Barclays from an “overweight” rating to an “equal weight” rating in a research report issued to clients and investors on Thursday, Marketbeat.com reports. They presently have a $26.00 price objective on the aerospace company’s stock, up from their previous price objective of $21.00. Barclays‘s target price indicates a potential upside of 3.24% from the company’s previous close.

A number of other equities research analysts have also issued reports on the stock. TD Cowen raised shares of Triumph Group to a “hold” rating in a report on Thursday, December 19th. Baird R W lowered shares of Triumph Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Truist Financial upped their price objective on shares of Triumph Group from $19.00 to $26.00 and gave the company a “hold” rating in a report on Tuesday. StockNews.com raised shares of Triumph Group from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. Finally, 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 research note on Tuesday. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $18.78.

Triumph Group Stock Up 0.0 %

Triumph Group stock opened at $25.19 on Thursday. Triumph Group has a 52-week low of $11.01 and a 52-week high of $25.34. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of 3.70 and a beta of 2.51. The company has a fifty day simple moving average of $19.35 and a 200-day simple moving average of $16.37.

Triumph Group (NYSE:TGI) last released its earnings results on Monday, February 10th. The aerospace company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. Triumph Group had a net margin of 43.70% and a negative return on equity of 8.68%. On average, research analysts anticipate that Triumph Group will post 0.68 EPS for the current fiscal year.

Institutional Trading of Triumph Group

Several hedge funds have recently made changes to their positions in TGI. International Assets Investment Management LLC lifted its position in shares of 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 worth $133,000 after purchasing an additional 9,512 shares in the last quarter. Centiva Capital LP acquired a new stake in shares of Triumph Group during the third quarter worth about $255,000. Cornerstone Wealth Management LLC lifted its position in shares of 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 in the last quarter. GSA Capital Partners LLP lifted its position in shares of 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 purchasing an additional 3,253 shares in the last quarter. Finally, Intech Investment Management LLC lifted its position in shares of 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 purchasing an additional 12,965 shares in the last quarter. Institutional investors and hedge funds 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.