Triumph Group (NYSE:TGI) Shares Down 6.2% – What’s Next?

Triumph Group, Inc. (NYSE:TGI)’s share price fell 6.2% during trading on Wednesday . The stock traded as low as $17.54 and last traded at $17.54. 132,270 shares traded hands during trading, a decline of 65% from the average session volume of 383,188 shares. The stock had previously closed at $18.70.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on TGI shares. JPMorgan Chase & Co. lowered shares of Triumph Group from a “neutral” rating to an “underweight” rating and decreased their target price for the company from $15.00 to $12.00 in a research report on Monday, October 14th. StockNews.com upgraded shares of Triumph Group from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. Truist Financial increased their target price on shares of Triumph Group from $18.00 to $19.00 and gave the company a “hold” rating in a research report on Tuesday. TD Cowen upgraded shares of Triumph Group to a “hold” rating in a research report on Thursday, December 19th. Finally, Bank of America lowered shares of Triumph Group from a “buy” rating to an “underperform” rating and decreased their target price for the company from $17.00 to $12.00 in a research report on Tuesday, September 24th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Triumph Group presently has an average rating of “Hold” and a consensus target price of $16.38.

Triumph Group Trading Down 0.1 %

The company’s 50-day moving average price is $18.56 and its two-hundred day moving average price is $15.84. The company has a market cap of $1.46 billion, a P/E ratio of 2.77 and a beta of 2.53.

Hedge Funds Weigh In On Triumph Group

Large investors have recently made changes to their positions in the business. Old West Investment Management LLC lifted its stake in Triumph Group by 1.3% during the third 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 in the last quarter. The Manufacturers Life Insurance Company lifted its stake in Triumph Group by 4.1% during the second 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 in the last quarter. MetLife Investment Management LLC lifted its stake in Triumph Group by 5.3% during the third 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 in the last quarter. Quest Partners LLC purchased a new stake in Triumph Group during the second quarter valued at about $41,000. Finally, GSA Capital Partners LLP lifted its stake in Triumph Group by 14.1% during the third 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 in the last quarter. 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.