Triumph Group (NYSE:TGI) Cut to “Underperform” at Bank of America

Triumph Group (NYSE:TGI) was downgraded by equities researchers at Bank of America from a “buy” rating to an “underperform” rating in a research report issued on Tuesday, Briefing.com reports. They currently have a $12.00 price target on the aerospace company’s stock, down from their previous price target of $17.00. Bank of America‘s price target would suggest a potential downside of 11.44% from the stock’s current price.

Several other equities research analysts also recently weighed in on the company. Truist Financial downgraded Triumph Group from a “buy” rating to a “hold” rating and decreased their price target for the stock from $17.00 to $15.00 in a report on Wednesday, August 21st. Jefferies Financial Group reaffirmed 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. The Goldman Sachs Group cut shares of Triumph Group from a “buy” rating to a “neutral” rating and cut their price target for the stock from $19.00 to $15.00 in a report on Tuesday, August 13th. TD Cowen reaffirmed a “hold” rating and issued a $14.00 price objective (down previously from $19.50) on shares of Triumph Group in a report on Tuesday, May 28th. Finally, StockNews.com downgraded Triumph Group from a “buy” rating to a “hold” rating in a research note on Saturday, June 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $15.67.

Triumph Group Trading Up 0.6 %

TGI stock opened at $13.55 on Tuesday. The company has a market capitalization of $1.04 billion, a P/E ratio of 2.04, a PEG ratio of 15.75 and a beta of 2.50. The business has a 50 day simple moving average of $14.39 and a 200-day simple moving average of $14.40. Triumph Group has a twelve month low of $7.00 and a twelve month high of $17.87.

Triumph Group (NYSE:TGI) last issued its quarterly earnings data on Wednesday, August 7th. The aerospace company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate 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 analysts’ expectations of $274.64 million. During the same period in the previous year, the business posted ($0.10) earnings per share. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. Research analysts predict that Triumph Group will post 0.48 EPS for the current fiscal year.

Institutional Investors Weigh In On Triumph Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. boosted its stake in Triumph Group by 5.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 613,261 shares of the aerospace company’s stock worth $10,168,000 after buying an additional 29,498 shares during the last quarter. Norges Bank acquired a new stake in shares of Triumph Group in the fourth quarter worth approximately $12,720,000. Jade Capital Advisors LLC grew its holdings in Triumph Group by 48.4% in the fourth quarter. Jade Capital Advisors LLC now owns 460,000 shares of the aerospace company’s stock valued at $7,627,000 after purchasing an additional 150,000 shares during the period. Boulder Hill Capital Management LP acquired a new position in Triumph Group during the fourth quarter worth approximately $468,000. Finally, Keeley Teton Advisors LLC increased its position in Triumph Group by 0.6% during the fourth quarter. Keeley Teton Advisors LLC now owns 120,877 shares of the aerospace company’s stock worth $2,004,000 after purchasing an additional 721 shares during the last quarter. Hedge funds and other institutional investors own 94.53% of the company’s stock.

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.