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

Shares of Triumph Group, Inc. (NYSE:TGI) have earned an average recommendation of “Reduce” from the ten analysts that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation and eight have given a hold recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $18.78.

A number of research analysts have weighed in on TGI shares. Robert W. Baird reiterated a “neutral” rating and set a $26.00 target price (up previously from $20.00) on shares of Triumph Group in a report on Tuesday, February 4th. Baird R W downgraded Triumph Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 4th. Truist Financial upped their target price on Triumph Group from $19.00 to $26.00 and gave the stock a “hold” rating in a report on Tuesday, February 4th. Wolfe Research downgraded Triumph Group from an “outperform” rating to a “peer perform” rating in a report on Monday, February 10th. Finally, Barclays cut Triumph Group from an “overweight” rating to an “equal weight” rating and boosted their price target for the stock from $21.00 to $26.00 in a research report on Thursday, February 6th.

Triumph Group Price Performance

Shares of NYSE:TGI opened at $25.33 on Tuesday. Triumph Group has a 1 year low of $11.01 and a 1 year high of $25.41. The company has a market cap of $1.96 billion, a PE ratio of 3.52 and a beta of 2.51. The stock’s 50-day moving average is $21.36 and its 200 day moving average is $17.43.

Triumph Group (NYSE:TGI) last posted its earnings results on Monday, February 10th. The aerospace company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. Triumph Group had a negative return on equity of 55.18% and a net margin of 45.08%. Analysts expect that Triumph Group will post 0.68 EPS for the current fiscal year.

Hedge Funds Weigh In On Triumph Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TGI. Sterling Capital Management LLC lifted its position in Triumph Group by 804.2% in the 4th quarter. Sterling Capital Management LLC now owns 2,351 shares of the aerospace company’s stock valued at $44,000 after acquiring an additional 2,091 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its position 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 acquiring an additional 2,484 shares in the last quarter. International Assets Investment Management LLC lifted its position in Triumph Group by 1,189.0% in the 3rd quarter. International Assets Investment Management LLC now owns 10,312 shares of the aerospace company’s stock valued at $133,000 after acquiring an additional 9,512 shares in the last quarter. Brevan Howard Capital Management LP lifted its position in Triumph Group by 17.1% in the 4th quarter. Brevan Howard Capital Management LP now owns 12,306 shares of the aerospace company’s stock valued at $230,000 after acquiring an additional 1,798 shares in the last quarter. Finally, Centiva Capital LP bought a new position in Triumph Group in the 3rd quarter valued at approximately $255,000. 94.53% of the stock is owned by institutional investors.

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.