Triumph Group (NYSE:TGI) Lowered to Equal Weight Rating by Barclays

Triumph Group (NYSE:TGI) was downgraded by research analysts at Barclays from an “overweight” rating to an “equal weight” rating in a research report issued on Thursday, MarketBeat.com reports. They currently have a $26.00 target price on the aerospace company’s stock, up from their prior target price of $21.00. Barclays‘s target price suggests a potential upside of 3.24% from the stock’s current price.

TGI has been the topic of a number of other research reports. Baird R W cut shares of Triumph Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Truist Financial raised their price objective on shares of Triumph Group from $19.00 to $26.00 and gave the stock a “hold” rating in a report on Tuesday. Robert W. Baird reissued a “neutral” rating and set a $26.00 price objective (up previously from $20.00) on shares of Triumph Group 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, TD Cowen raised shares of Triumph Group to a “hold” rating in a report on Thursday, December 19th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $18.78.

Triumph Group Stock Up 0.0 %

Shares of NYSE:TGI opened at $25.19 on Thursday. The firm’s 50 day moving average price is $19.35 and its 200 day moving average price is $16.37. The stock has a market cap of $1.95 billion, a price-to-earnings ratio of 3.70 and a beta of 2.51. Triumph Group has a fifty-two week low of $11.01 and a fifty-two week high of $25.34.

Triumph Group (NYSE:TGI) last issued its earnings results on Monday, February 10th. The aerospace company reported $0.27 earnings per share for the quarter, beating the consensus estimate 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, equities analysts anticipate that Triumph Group will post 0.68 EPS for the current year.

Hedge Funds Weigh In On Triumph Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Old West Investment Management LLC grew its position in Triumph Group by 1.3% in the 3rd quarter. Old West Investment Management LLC now owns 42,426 shares of the aerospace company’s stock valued at $547,000 after buying an additional 565 shares during the last quarter. Cornerstone Wealth Management LLC grew its position in Triumph Group by 3.8% in the 4th quarter. Cornerstone Wealth Management LLC now owns 15,964 shares of the aerospace company’s stock valued at $298,000 after buying an additional 580 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Triumph Group by 4.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 35,340 shares of the aerospace company’s stock valued at $545,000 after buying an additional 1,405 shares during the last quarter. MetLife Investment Management LLC grew its position in Triumph Group by 5.3% in the 3rd quarter. MetLife Investment Management LLC now owns 40,780 shares of the aerospace company’s stock valued at $526,000 after buying an additional 2,043 shares during the last quarter. Finally, GSA Capital Partners LLP grew its position in Triumph Group by 14.1% in the 3rd quarter. GSA Capital Partners LLP now owns 26,374 shares of the aerospace company’s stock valued at $340,000 after buying an additional 3,253 shares during the last quarter. 94.53% of the stock is currently owned by hedge funds and other institutional investors.

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.