Triumph Group, Inc. (NYSE:TGI) Receives $18.78 Average Target Price from Analysts

Triumph Group, Inc. (NYSE:TGI) has been assigned a consensus recommendation of “Reduce” from the ten analysts that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating and eight have given a hold rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $18.78.

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

Insider Buying and Selling

In other Triumph Group news, CAO Jennifer H. Allen sold 35,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $25.32, for a total value of $886,200.00. Following the transaction, the chief accounting officer now directly owns 51,696 shares of the company’s stock, valued at $1,308,942.72. This trade represents a 40.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.31% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Old West Investment Management LLC boosted its position in shares of Triumph Group by 1.3% during the 3rd quarter. Old West Investment Management LLC now owns 42,426 shares of the aerospace company’s stock worth $547,000 after purchasing an additional 565 shares during the period. Cornerstone Wealth Management LLC grew its stake in Triumph Group by 3.8% during the 4th quarter. Cornerstone Wealth Management LLC now owns 15,964 shares of the aerospace company’s stock worth $298,000 after purchasing an additional 580 shares in the last quarter. Rafferty Asset Management LLC increased its stake in shares of Triumph Group by 4.7% during the fourth quarter. Rafferty Asset Management LLC now owns 19,802 shares of the aerospace company’s stock worth $370,000 after buying an additional 896 shares during the period. Canada Pension Plan Investment Board raised its holdings in shares of Triumph Group by 0.5% in the 4th quarter. Canada Pension Plan Investment Board now owns 301,400 shares of the aerospace company’s stock valued at $5,624,000 after purchasing an additional 1,400 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Triumph Group by 3.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,712 shares of the aerospace company’s stock valued at $778,000 after buying an additional 1,563 shares in the last quarter. 94.53% of the stock is currently owned by institutional investors and hedge funds.

Triumph Group Trading Up 0.1 %

Shares of TGI opened at $25.47 on Friday. The stock has a 50-day moving average price of $23.52 and a 200-day moving average price of $18.78. The company has a market cap of $1.97 billion, a PE ratio of 3.54 and a beta of 2.53. Triumph Group has a 12-month low of $11.01 and a 12-month high of $25.48.

Triumph Group (NYSE:TGI) last issued its quarterly earnings data on Monday, February 10th. The aerospace company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.24 by $0.03. Triumph Group had a net margin of 45.08% and a negative return on equity of 55.18%. As a group, analysts predict that Triumph Group will post 0.68 earnings per share for the current year.

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.