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Nov 13, 2024 7:02 PM - Tony Dante(Last modified: Nov 14, 2024 9:29 AM)
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Triumph Group, listed on the NYSE:TGI, is a company that provides aerospace structures, systems, and components. It serves a wide range of customers, including original equipment manufacturers and airlines. The company operates in a competitive industry, with key players like Boeing and Lockheed Martin. On November 13, 2024, Cowen & Co. maintained its "Hold" rating for TGI, with the stock priced at $18.70.
Triumph Group's recent financial performance shows positive signs. The company reported its second-quarter fiscal 2025 earnings, surpassing analysts' expectations. Sales increased by 1% compared to the same period last year, indicating growth and resilience. This performance suggests that Triumph Group is on a positive trajectory, despite the challenges in the aerospace industry.
The current stock price of TGI is $18.70, reflecting a slight decrease of $0.01, or -0.0534% in percentage terms. Today, the stock has traded between $18.67 and $19.365. Over the past year, TGI has seen a high of $19.71 and a low of $10.45. This range shows the stock's volatility and the market's response to the company's performance.
Triumph Group's market capitalization is approximately $1.45 billion, indicating its size and presence in the aerospace sector. The trading volume for TGI on the NYSE is 802,282 shares, showing active investor interest. Despite the "Hold" rating from Cowen & Co., the company's recent earnings report and market activity suggest a stable outlook for Triumph Group.
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