Triumph Group (NYSE:TGI) Coverage Initiated at StockNews.com

StockNews.com started coverage on shares of Triumph Group (NYSE:TGI) in a research report released on Tuesday. The firm issued a hold rating on the aerospace company’s stock.

Several other research firms have also issued reports on TGI. JPMorgan Chase & Co. upgraded shares of Triumph Group from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $17.00 to $26.00 in a report on Tuesday, April 15th. Wolfe Research lowered shares of Triumph Group from an “outperform” rating to a “peer perform” rating in a report on Monday, February 10th. Barclays lowered shares of Triumph Group from an “overweight” rating to an “equal weight” rating and raised their target price for the stock from $21.00 to $26.00 in a report on Thursday, February 6th. Robert W. Baird restated a “neutral” rating and issued a $26.00 target price (up previously from $20.00) on shares of Triumph Group in a report on Tuesday, February 4th. Finally, Truist Financial raised their target price on shares of Triumph Group from $19.00 to $26.00 and gave the stock a “hold” rating in a report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating and ten have given a hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $20.63.

Triumph Group Stock Performance

Triumph Group stock opened at $25.69 on Tuesday. The firm has a 50-day moving average price of $25.27 and a 200-day moving average price of $22.17. The firm has a market capitalization of $1.99 billion, a PE ratio of 3.57 and a beta of 2.34. Triumph Group has a 12-month low of $11.01 and a 12-month high of $25.75.

Insider Buying and Selling

In other Triumph Group news, CAO Jennifer H. Allen sold 35,000 shares of the firm’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $25.32, for a total transaction of $886,200.00. Following the transaction, the chief accounting officer now owns 51,696 shares of the company’s stock, valued at approximately $1,308,942.72. This trade represents a 40.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.31% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in TGI. Pentwater Capital Management LP purchased a new position in Triumph Group during the 1st quarter valued at about $58,285,000. TIG Advisors LLC purchased a new position in Triumph Group during the 1st quarter valued at about $47,728,000. American Century Companies Inc. purchased a new position in Triumph Group during the 4th quarter valued at about $30,845,000. Millennium Management LLC increased its position in Triumph Group by 5,882.8% during the 1st quarter. Millennium Management LLC now owns 1,356,774 shares of the aerospace company’s stock valued at $34,381,000 after purchasing an additional 1,334,096 shares during the period. Finally, Alliancebernstein L.P. increased its position in Triumph Group by 1,249.7% during the 1st quarter. Alliancebernstein L.P. now owns 1,149,802 shares of the aerospace company’s stock valued at $29,136,000 after purchasing an additional 1,064,612 shares during the period. 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.