Robert W. Baird Reaffirms “Neutral” Rating for Triumph Group (NYSE:TGI)

Triumph Group (NYSE:TGI)‘s stock had its “neutral” rating restated by equities research analysts at Robert W. Baird in a research note issued on Tuesday,Benzinga reports. They presently have a $26.00 target price on the aerospace company’s stock, up from their previous target price of $20.00. Robert W. Baird’s price target would suggest a potential upside of 3.57% from the company’s previous close.

Several other research firms have also recently issued reports on TGI. TD Cowen upgraded Triumph Group to a “hold” rating in a research report on Thursday, December 19th. Barclays increased their price target on shares of Triumph Group from $16.00 to $21.00 and gave the company an “overweight” rating in a report on Tuesday, November 19th. JPMorgan Chase & Co. lowered shares of Triumph Group from a “neutral” rating to an “underweight” rating and lowered their target price for the stock from $15.00 to $12.00 in a research report on Monday, October 14th. StockNews.com raised Triumph Group from a “sell” rating to a “hold” rating in a research note on Wednesday, November 20th. Finally, Truist Financial increased their target price on Triumph Group from $18.00 to $19.00 and gave the company a “hold” rating in a report on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $17.44.

Triumph Group Trading Up 34.0 %

Shares of TGI opened at $25.11 on Tuesday. The firm has a market capitalization of $1.94 billion, a PE ratio of 3.69 and a beta of 2.51. The stock’s 50 day moving average is $18.86 and its two-hundred day moving average is $16.13. Triumph Group has a twelve month low of $11.01 and a twelve month high of $25.34.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its holdings in Triumph Group by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 374,896 shares of the aerospace company’s stock valued at $6,996,000 after buying an additional 10,629 shares during the period. Cornerstone Wealth Management LLC raised its stake in shares of 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 acquiring an additional 580 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of Triumph Group by 18,544.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 256,554 shares of the aerospace company’s stock valued at $4,787,000 after acquiring an additional 255,178 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of Triumph Group by 124.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,318,285 shares of the aerospace company’s stock valued at $43,259,000 after acquiring an additional 1,286,568 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Triumph Group by 1,207.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 538,904 shares of the aerospace company’s stock worth $6,946,000 after purchasing an additional 497,684 shares during the period. Institutional investors and hedge funds 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.