Triumph Group (NYSE:TGI) Price Target Raised to $18.00 at Truist Financial

Triumph Group (NYSE:TGI) had its price target lifted by equities researchers at Truist Financial from $12.00 to $18.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a “hold” rating on the aerospace company’s stock. Truist Financial’s price objective indicates a potential upside of 0.84% from the company’s current price.

TGI has been the topic of a number of other reports. Bank of America cut shares of Triumph Group from a “buy” rating to an “underperform” rating and reduced their price objective for the company from $17.00 to $12.00 in a research note on Tuesday, September 24th. StockNews.com lowered Triumph Group from a “hold” rating to a “sell” rating in a research report on Tuesday. Jefferies Financial Group reiterated a “hold” rating and issued a $14.00 price objective (down previously from $20.00) on shares of Triumph Group in a report on Monday, August 12th. JPMorgan Chase & Co. cut Triumph Group from a “neutral” rating to an “underweight” rating and reduced their target price for the stock from $15.00 to $12.00 in a report on Monday, October 14th. Finally, The Goldman Sachs Group cut Triumph Group from a “buy” rating to a “neutral” rating and lowered their price target for the company from $19.00 to $15.00 in a research note on Tuesday, August 13th. Three analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Triumph Group has an average rating of “Hold” and a consensus price target of $16.11.

Triumph Group Trading Down 2.5 %

Triumph Group stock opened at $17.85 on Wednesday. The company has a market cap of $1.38 billion, a PE ratio of 2.62 and a beta of 2.48. Triumph Group has a 1 year low of $10.45 and a 1 year high of $19.71. The company’s 50-day moving average is $14.12 and its two-hundred day moving average is $14.52.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Triumph Group by 2.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 162,773 shares of the aerospace company’s stock worth $2,098,000 after acquiring an additional 3,995 shares during the period. MetLife Investment Management LLC boosted its position in shares of Triumph Group by 5.3% during the third quarter. MetLife Investment Management LLC now owns 40,780 shares of the aerospace company’s stock worth $526,000 after buying an additional 2,043 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Triumph Group by 4.3% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 998,900 shares of the aerospace company’s stock worth $12,876,000 after buying an additional 40,800 shares during the period. BNP Paribas Financial Markets grew its holdings in shares of 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 in the last quarter. Finally, Rock Point Advisors LLC raised its position in Triumph Group by 2.6% in the 3rd quarter. Rock Point Advisors LLC now owns 650,038 shares of the aerospace company’s stock valued at $8,379,000 after buying an additional 16,705 shares during 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.