Truist Financial Trims Triumph Group (NYSE:TGI) Target Price to $12.00

Triumph Group (NYSE:TGI) had its price objective cut by Truist Financial from $15.00 to $12.00 in a research note issued to investors on Friday, MarketBeat.com reports. They currently have a hold rating on the aerospace company’s stock.

A number of other equities research analysts also recently weighed in on TGI. The Goldman Sachs Group downgraded shares of Triumph Group from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $19.00 to $15.00 in a research note on Tuesday, August 13th. Bank of America downgraded shares of Triumph Group from a “buy” rating to an “underperform” rating and reduced their target price for the company from $17.00 to $12.00 in a research note on Tuesday, September 24th. Barclays reduced their target price on shares of Triumph Group from $18.00 to $16.00 and set an “overweight” rating on the stock in a research note on Monday, August 12th. JPMorgan Chase & Co. downgraded shares of Triumph Group from a “neutral” rating to an “underweight” rating and reduced their target price for the company from $15.00 to $12.00 in a research note on Monday, October 14th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $14.00 price target (down previously from $20.00) on shares of Triumph Group in a research report on Monday, August 12th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Triumph Group currently has an average rating of “Hold” and a consensus target price of $14.78.

Triumph Group Trading Up 0.6 %

Shares of TGI stock opened at $15.10 on Friday. Triumph Group has a 1 year low of $7.19 and a 1 year high of $17.87. The firm’s fifty day simple moving average is $13.43 and its 200 day simple moving average is $14.30. The firm has a market capitalization of $1.17 billion, a P/E ratio of 2.27 and a beta of 2.49.

Triumph Group (NYSE:TGI) last posted its quarterly earnings results on Wednesday, August 7th. The aerospace company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). Triumph Group had a negative return on equity of 1.77% and a net margin of 40.39%. The business had revenue of $281.00 million for the quarter, compared to analyst estimates of $274.64 million. During the same quarter in the prior year, the firm earned ($0.10) EPS. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. Equities research analysts anticipate that Triumph Group will post 0.44 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in TGI. Vanguard Group Inc. raised its holdings in Triumph Group by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 7,021,354 shares of the aerospace company’s stock worth $116,414,000 after purchasing an additional 110,375 shares during the last quarter. Quadrature Capital Ltd raised its holdings in Triumph Group by 106.9% during the 4th quarter. Quadrature Capital Ltd now owns 53,551 shares of the aerospace company’s stock worth $888,000 after purchasing an additional 27,664 shares during the last quarter. Quantbot Technologies LP bought a new stake in Triumph Group during the 1st quarter worth about $804,000. Headlands Technologies LLC bought a new stake in Triumph Group during the 1st quarter worth about $35,000. Finally, Russell Investments Group Ltd. raised its holdings in Triumph Group by 6.1% during the 1st quarter. Russell Investments Group Ltd. now owns 53,118 shares of the aerospace company’s stock worth $799,000 after purchasing an additional 3,066 shares during the last quarter. Institutional investors and hedge funds 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.