Triumph Group, Inc. (NYSE:TGI) Receives Average Recommendation of “Hold” from Brokerages

Triumph Group, Inc. (NYSE:TGI) has earned an average rating of “Hold” from the nine analysts that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $15.67.

A number of equities analysts have recently commented on TGI shares. Barclays cut their price target on Triumph Group from $18.00 to $16.00 and set an “overweight” rating for the company in a report on Monday, August 12th. Truist Financial lowered Triumph Group from a “buy” rating to a “hold” rating and cut their price target for the stock from $17.00 to $15.00 in a report on Wednesday, August 21st. Bank of America downgraded Triumph Group from a “buy” rating to an “underperform” rating and lowered their price objective for the stock from $17.00 to $12.00 in a research report on Tuesday. The Goldman Sachs Group downgraded Triumph Group from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $19.00 to $15.00 in a research report on Tuesday, August 13th. Finally, StockNews.com downgraded Triumph Group from a “buy” rating to a “hold” rating in a research report on Saturday, June 1st.

Triumph Group Trading Up 1.0 %

Shares of NYSE TGI opened at $12.74 on Friday. The stock has a fifty day simple moving average of $14.05 and a two-hundred day simple moving average of $14.36. Triumph Group has a 1-year low of $7.00 and a 1-year high of $17.87. The firm has a market cap of $985.18 million, a price-to-earnings ratio of 1.92, a price-to-earnings-growth ratio of 16.21 and a beta of 2.50.

Triumph Group (NYSE:TGI) last posted its quarterly earnings results on Wednesday, August 7th. The aerospace company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $274.64 million. During the same period in the previous year, the business earned ($0.10) earnings per share. Triumph Group’s revenue was up 6.5% on a year-over-year basis. Analysts forecast that Triumph Group will post 0.47 EPS for the current year.

Institutional Investors Weigh In On Triumph Group

A number of large investors have recently added to or reduced their stakes in TGI. Charles Schwab Investment Management Inc. raised its position in Triumph Group by 5.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 613,261 shares of the aerospace company’s stock valued at $10,168,000 after purchasing an additional 29,498 shares in the last quarter. Norges Bank purchased a new stake in Triumph Group during the fourth quarter valued at about $12,720,000. Boulder Hill Capital Management LP purchased a new stake in Triumph Group during the fourth quarter valued at about $468,000. Keeley Teton Advisors LLC increased its holdings in shares of Triumph Group by 0.6% in the fourth quarter. Keeley Teton Advisors LLC now owns 120,877 shares of the aerospace company’s stock worth $2,004,000 after buying an additional 721 shares during the period. Finally, Vision One Management Partners LP purchased a new position in shares of Triumph Group in the fourth quarter worth about $34,587,000. 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.