Triumph Group, Inc. (NYSE:TGI) Given Consensus Rating of “Hold” by Analysts

Triumph Group, Inc. (NYSE:TGI) has earned an average rating of “Hold” from the nine ratings firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $15.67.

A number of research analysts recently weighed in on TGI shares. Barclays lowered their price objective on shares of Triumph Group from $18.00 to $16.00 and set an “overweight” rating on the stock in a research report on Monday, August 12th. Truist Financial cut Triumph Group from a “buy” rating to a “hold” rating and lowered their price target for the company from $17.00 to $15.00 in a report on Wednesday, August 21st. The Goldman Sachs Group lowered Triumph Group from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $19.00 to $15.00 in a report on Tuesday, August 13th. Jefferies Financial Group reissued a “hold” rating and issued a $14.00 target price (down previously from $20.00) on shares of Triumph Group in a report on Monday, August 12th. Finally, Bank of America cut Triumph Group from a “buy” rating to an “underperform” rating and dropped their target price for the stock from $17.00 to $12.00 in a research report on Tuesday, September 24th.

Institutional Investors Weigh In On Triumph Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. increased its stake in shares of Triumph Group by 58.9% in the second quarter. Assenagon Asset Management S.A. now owns 428,650 shares of the aerospace company’s stock worth $6,605,000 after purchasing an additional 158,893 shares in the last quarter. Vision One Management Partners LP purchased a new stake in Triumph Group in the 4th quarter worth $34,587,000. Gamco Investors INC. ET AL bought a new stake in Triumph Group during the first quarter valued at about $1,545,000. ProShare Advisors LLC lifted its position in shares of Triumph Group by 7.2% in the first quarter. ProShare Advisors LLC now owns 13,263 shares of the aerospace company’s stock valued at $199,000 after acquiring an additional 892 shares in the last quarter. Finally, Kennedy Capital Management LLC boosted its stake in shares of Triumph Group by 199.6% in the first quarter. Kennedy Capital Management LLC now owns 450,918 shares of the aerospace company’s stock worth $6,782,000 after acquiring an additional 300,407 shares during the period. 94.53% of the stock is owned by hedge funds and other institutional investors.

Triumph Group Trading Up 2.6 %

Triumph Group stock opened at $12.59 on Friday. Triumph Group has a 12 month low of $7.00 and a 12 month high of $17.87. The stock has a fifty day simple moving average of $13.74 and a two-hundred day simple moving average of $14.33. The firm has a market cap of $973.20 million, a price-to-earnings ratio of 1.90 and a beta of 2.49.

Triumph Group (NYSE:TGI) last released its quarterly earnings data on Wednesday, August 7th. The aerospace company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.01). The business had revenue of $281.00 million during the quarter, compared to the consensus estimate of $274.64 million. Triumph Group had a negative return on equity of 1.77% and a net margin of 40.39%. Triumph Group’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.10) earnings per share. On average, equities research analysts forecast that Triumph Group will post 0.47 EPS for the current fiscal year.

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.