Triumph Group, Inc. (NYSE:TGI) Receives Consensus Rating of “Moderate Buy” from Brokerages

Triumph Group, Inc. (NYSE:TGI) has been given a consensus rating of “Moderate Buy” by the eight research firms that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $18.75.

A number of analysts recently issued reports on TGI shares. JPMorgan Chase & Co. raised Triumph Group from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $13.00 to $17.00 in a research note on Monday, April 15th. TD Cowen reissued a “hold” rating and set a $14.00 target price (down from $19.50) on shares of Triumph Group in a research note on Tuesday, May 28th. The Goldman Sachs Group increased their target price on Triumph Group from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Barclays lowered their target price on Triumph Group from $20.00 to $18.00 and set an “overweight” rating for the company in a research note on Wednesday, May 29th. Finally, Truist Financial lowered their target price on Triumph Group from $27.00 to $22.00 and set a “buy” rating for the company in a research note on Friday, May 24th.

Insider Activity

In related news, Director Cynthia M. Egnotovich acquired 10,000 shares of the business’s stock in a transaction dated Thursday, June 6th. The stock was bought at an average price of $15.14 per share, with a total value of $151,400.00. Following the acquisition, the director now owns 32,561 shares in the company, valued at approximately $492,973.54. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Triumph Group

A number of large investors have recently added to or reduced their stakes in the business. Headlands Technologies LLC bought a new position in Triumph Group during the 1st quarter worth $35,000. Signaturefd LLC increased its position in shares of Triumph Group by 298.4% in the fourth quarter. Signaturefd LLC now owns 2,506 shares of the aerospace company’s stock worth $42,000 after purchasing an additional 1,877 shares during the period. DekaBank Deutsche Girozentrale bought a new position in shares of Triumph Group in the first quarter worth $56,000. Lazard Asset Management LLC increased its position in shares of Triumph Group by 98.3% in the first quarter. Lazard Asset Management LLC now owns 3,877 shares of the aerospace company’s stock worth $58,000 after purchasing an additional 1,922 shares during the period. Finally, International Assets Investment Management LLC increased its position in shares of Triumph Group by 1,558.0% in the fourth quarter. International Assets Investment Management LLC now owns 4,974 shares of the aerospace company’s stock worth $82,000 after purchasing an additional 4,674 shares during the period. Institutional investors own 94.53% of the company’s stock.

Triumph Group Price Performance

Shares of TGI stock opened at $14.25 on Thursday. The stock has a market cap of $1.10 billion, a PE ratio of 2.15, a price-to-earnings-growth ratio of 16.99 and a beta of 2.53. The stock has a 50-day moving average of $14.10 and a 200-day moving average of $14.41. Triumph Group has a one year low of $7.00 and a one year high of $17.27.

Triumph Group (NYSE:TGI) last announced its quarterly earnings results on Thursday, May 23rd. The aerospace company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.19. The company had revenue of $358.60 million during the quarter, compared to analysts’ expectations of $341.95 million. Triumph Group had a negative return on equity of 0.78% and a net margin of 39.09%. Triumph Group’s revenue was up 10.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.39 EPS. As a group, research analysts anticipate that Triumph Group will post 0.5 earnings per share for the current year.

About Triumph Group

Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls, and distributes aerostructures, 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, exhaust nozzles and ducting, 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.