Triumph Group (NYSE:TGI) Stock Rating Upgraded by JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Triumph Group (NYSE:TGI - Free Report) from an underweight rating to a neutral rating in a report published on Tuesday, MarketBeat Ratings reports. JPMorgan Chase & Co. currently has $26.00 price target on the aerospace company's stock, up from their prior price target of $17.00.

A number of other equities research analysts have also recently commented on the company. Baird R W cut Triumph Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 4th. TD Cowen raised Triumph Group to a "hold" rating in a research note on Thursday, December 19th. StockNews.com assumed coverage on shares of Triumph Group in a research note on Thursday, April 10th. They issued a "hold" rating on the stock. Truist Financial upped their price objective on shares of Triumph Group from $19.00 to $26.00 and gave the stock a "hold" rating in a research report on Tuesday, February 4th. Finally, Wolfe Research cut shares of Triumph Group from an "outperform" rating to a "peer perform" rating in a research note on Monday, February 10th. One research analyst has rated the stock with a sell rating and ten have issued a hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $20.63.

Triumph Group Stock Down 0.7 %

Shares of TGI traded down $0.19 during mid-day trading on Tuesday, reaching $24.68. The company had a trading volume of 2,318,459 shares, compared to its average volume of 1,208,162. The stock has a market capitalization of $1.91 billion, a P/E ratio of 3.43 and a beta of 2.13. Triumph Group has a 52-week low of $11.01 and a 52-week high of $25.55. The stock has a 50 day moving average of $25.20 and a two-hundred day moving average of $20.44.

Triumph Group (NYSE:TGI - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The aerospace company reported $0.27 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.03. Triumph Group had a net margin of 45.08% and a negative return on equity of 55.18%. On average, sell-side analysts expect that Triumph Group will post 0.68 earnings per share for the current year.

Insiders Place Their Bets

In related news, CAO Jennifer H. Allen sold 35,000 shares of the company's stock in a transaction dated Thursday, March 13th. The shares were 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 2.31% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in TGI. Sterling Capital Management LLC increased its stake in Triumph Group by 804.2% during the fourth quarter. Sterling Capital Management LLC now owns 2,351 shares of the aerospace company's stock worth $44,000 after acquiring an additional 2,091 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. raised its holdings in Triumph Group by 58.1% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,761 shares of the aerospace company's stock valued at $126,000 after buying an additional 2,484 shares during the period. Brevan Howard Capital Management LP lifted its position in Triumph Group by 17.1% in the fourth quarter. Brevan Howard Capital Management LP now owns 12,306 shares of the aerospace company's stock valued at $230,000 after buying an additional 1,798 shares during the last quarter. Capula Management Ltd purchased a new position in Triumph Group during the fourth quarter worth about $297,000. Finally, Cornerstone Wealth Management LLC increased its position in shares of Triumph Group by 3.8% during the fourth 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 last quarter. 94.53% of the stock is currently owned by institutional investors and hedge funds.

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.