Triumph Group (NYSE:TGI) Lowered to “Underweight” at JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered shares of Triumph Group (NYSE:TGI) from a neutral rating to an underweight rating in a report released on Monday morning, MarketBeat reports. JPMorgan Chase & Co. currently has $12.00 target price on the aerospace company’s stock, down from their previous target price of $15.00.

Several other equities research analysts have also issued reports on TGI. Bank of America lowered shares of Triumph Group from a buy rating to an underperform rating and decreased their price target for the stock from $17.00 to $12.00 in a research note on Tuesday, September 24th. Truist Financial downgraded shares of Triumph Group from a buy rating to a hold rating and cut their price objective for the stock from $17.00 to $15.00 in a report on Wednesday, August 21st. The Goldman Sachs Group downgraded shares of 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 reaffirmed a hold rating and issued a $14.00 price objective (down from $20.00) on shares of Triumph Group in a report on Monday, August 12th. Finally, Barclays cut their price objective on shares of Triumph Group from $18.00 to $16.00 and set an overweight rating for the company in a report on Monday, August 12th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of Hold and an average target price of $15.11.

Triumph Group Stock Performance

NYSE:TGI opened at $14.79 on Monday. The firm has a 50-day moving average price of $13.33 and a two-hundred day moving average price of $14.29. Triumph Group has a 52 week low of $7.19 and a 52 week high of $17.87. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of 2.23 and a beta of 2.49.

Triumph Group (NYSE:TGI) last issued its quarterly earnings results 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 company had revenue of $281.00 million for the quarter, compared to analysts’ expectations of $274.64 million. During the same quarter in the previous year, the business earned ($0.10) EPS. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, sell-side analysts forecast that Triumph Group will post 0.44 earnings per share for the current year.

Institutional Trading of Triumph Group

Hedge funds have recently made changes to their positions in the stock. Headlands Technologies LLC bought a new stake in shares of Triumph Group during the 1st quarter worth $35,000. Quest Partners LLC bought a new stake in shares of Triumph Group during the 2nd quarter worth $41,000. Lazard Asset Management LLC lifted its holdings in shares of Triumph Group by 98.3% during the 1st quarter. Lazard Asset Management LLC now owns 3,877 shares of the aerospace company’s stock worth $58,000 after acquiring an additional 1,922 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new stake in shares of Triumph Group during the 1st quarter worth $56,000. Finally, CWM LLC lifted its holdings in shares of Triumph Group by 473.7% during the 2nd quarter. CWM LLC now owns 5,146 shares of the aerospace company’s stock worth $79,000 after acquiring an additional 4,249 shares during the last quarter. 94.53% of the stock is owned by institutional investors.

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.