Triumph Group (NYSE:TGI) Now Covered by Analysts at Wall Street Zen

Stock analysts at Wall Street Zen began coverage on shares of Triumph Group (NYSE:TGI - Get Free Report) in a research report issued to clients and investors on Tuesday. The brokerage set a "hold" rating on the aerospace company's stock.

A number of other equities analysts have also weighed in on the stock. Barclays lowered shares of Triumph Group from an "overweight" rating to an "equal weight" rating and upped their target price for the stock from $21.00 to $26.00 in a research note on Thursday, February 6th. JPMorgan Chase & Co. raised Triumph Group from an "underweight" rating to a "neutral" rating and upped their price objective for the stock from $17.00 to $26.00 in a research report on Tuesday, April 15th. Wolfe Research lowered Triumph Group from an "outperform" rating to a "peer perform" rating in a research report on Monday, February 10th. Robert W. Baird reaffirmed a "neutral" rating and set a $26.00 price target (up previously from $20.00) on shares of Triumph Group in a research report on Tuesday, February 4th. Finally, Baird R W downgraded shares of Triumph Group from a "strong-buy" rating to 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. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $20.63.

Triumph Group Price Performance

TGI traded up $0.01 during trading on Tuesday, reaching $25.68. The company had a trading volume of 692,251 shares, compared to its average volume of 1,216,808. Triumph Group has a 12 month low of $11.01 and a 12 month high of $25.75. The business's fifty day moving average price is $25.29 and its 200 day moving average price is $22.45. The company has a market cap of $1.99 billion, a P/E ratio of 3.57 and a beta of 2.34.

Insiders Place Their Bets

In other news, CAO Jennifer H. Allen sold 35,000 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $25.32, for a total value of $886,200.00. Following the completion of the sale, the chief accounting officer now owns 51,696 shares of the company's stock, valued at approximately $1,308,942.72. This represents a 40.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 2.31% of the company's stock.

Institutional Trading of Triumph Group

A number of large investors have recently added to or reduced their stakes in TGI. Barclays PLC increased its stake in shares of Triumph Group by 155.8% during the 3rd quarter. Barclays PLC now owns 148,530 shares of the aerospace company's stock worth $1,915,000 after purchasing an additional 90,456 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Triumph Group during the fourth quarter worth approximately $1,095,000. American Century Companies Inc. acquired a new position in Triumph Group during the fourth quarter worth approximately $30,845,000. Principal Financial Group Inc. raised its stake 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. Finally, Fisher Asset Management LLC lifted its position in shares of Triumph Group by 17.9% in the fourth quarter. Fisher Asset Management LLC now owns 1,829,860 shares of the aerospace company's stock valued at $34,145,000 after buying an additional 277,333 shares during the last quarter. 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.