Triumph Group (NYSE:TGI) Downgraded to Sell Rating by StockNews.com

Triumph Group (NYSE:TGI) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.

A number of other brokerages also recently issued reports on TGI. Truist Financial decreased their price objective on Triumph Group from $15.00 to $12.00 and set a “hold” rating on the stock in a research report on Friday, October 18th. Bank of America lowered Triumph Group from a “buy” rating to an “underperform” rating and decreased their price target for the company from $17.00 to $12.00 in a report on Tuesday, September 24th. Barclays cut their price objective on shares of Triumph Group from $18.00 to $16.00 and set an “overweight” rating on the stock in a research report on Monday, August 12th. The Goldman Sachs Group lowered shares of Triumph Group from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $19.00 to $15.00 in a report on Tuesday, August 13th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $14.00 price objective (down previously from $20.00) on shares of Triumph Group in a research note on Monday, August 12th. Three analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $14.78.

Triumph Group Stock Up 15.0 %

Triumph Group stock traded up $2.44 during mid-day trading on Tuesday, reaching $18.71. 2,085,079 shares of the company’s stock traded hands, compared to its average volume of 877,123. Triumph Group has a 12-month low of $10.08 and a 12-month high of $19.71. The company has a market cap of $1.45 billion, a price-to-earnings ratio of 2.82 and a beta of 2.48. The stock has a 50 day moving average of $13.82 and a two-hundred day moving average of $14.44.

Institutional Investors Weigh In On Triumph Group

Several hedge funds have recently modified their holdings of the business. Headlands Technologies LLC purchased a new position in shares of Triumph Group in the 1st quarter worth approximately $35,000. Russell Investments Group Ltd. grew its holdings in Triumph Group by 6.1% in the first quarter. Russell Investments Group Ltd. now owns 53,118 shares of the aerospace company’s stock worth $799,000 after purchasing an additional 3,066 shares during the last quarter. ProShare Advisors LLC increased its position in shares of Triumph Group by 7.2% during the first quarter. ProShare Advisors LLC now owns 13,263 shares of the aerospace company’s stock worth $199,000 after purchasing an additional 892 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in shares of Triumph Group by 32.1% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 24,309 shares of the aerospace company’s stock valued at $366,000 after purchasing an additional 5,910 shares during the last quarter. Finally, First Eagle Investment Management LLC boosted its position in shares of Triumph Group by 0.4% in the 1st quarter. First Eagle Investment Management LLC now owns 628,212 shares of the aerospace company’s stock worth $9,448,000 after purchasing an additional 2,500 shares in the last quarter. Hedge funds and other institutional investors 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.