Truist Financial Lowers Triumph Group (NYSE:TGI) Price Target to $12.00

Triumph Group (NYSE:TGI) had its price objective dropped by investment analysts at Truist Financial from $15.00 to $12.00 in a research report issued on Friday, MarketBeat Ratings reports. The brokerage presently has a “hold” rating on the aerospace company’s stock. Truist Financial’s price objective suggests a potential downside of 20.05% from the company’s current price.

A number of other equities research analysts have also recently commented on the company. Barclays cut their target price on Triumph Group from $18.00 to $16.00 and set an “overweight” rating on the stock in a research note on Monday, August 12th. The Goldman Sachs Group downgraded Triumph Group from a “buy” rating to a “neutral” rating and lowered their target price for the company from $19.00 to $15.00 in a report on Tuesday, August 13th. JPMorgan Chase & Co. cut shares of Triumph Group from a “neutral” rating to an “underweight” rating and lowered their price objective for the stock from $15.00 to $12.00 in a research note on Monday, October 14th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $14.00 target price (down from $20.00) on shares of Triumph Group in a report on Monday, August 12th. Finally, Bank of America cut Triumph Group from a “buy” rating to an “underperform” rating and reduced their price target for the stock from $17.00 to $12.00 in a research report on Tuesday, September 24th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $14.78.

Triumph Group Trading Up 0.1 %

TGI stock opened at $15.01 on Friday. The company’s 50 day moving average is $13.43 and its 200 day moving average is $14.30. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 2.26 and a beta of 2.49. Triumph Group has a 1-year low of $7.19 and a 1-year high of $17.87.

Triumph Group (NYSE:TGI) last announced its quarterly earnings data on Wednesday, August 7th. The aerospace company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.01). Triumph Group had a net margin of 40.39% and a negative return on equity of 1.77%. The company had revenue of $281.00 million during the quarter, compared to the consensus estimate of $274.64 million. During the same quarter in the previous year, the firm posted ($0.10) EPS. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Triumph Group will post 0.44 EPS for the current fiscal year.

Institutional Trading of Triumph Group

Large investors have recently added to or reduced their stakes in the company. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Triumph Group in the first quarter valued at $13,542,000. Kennedy Capital Management LLC increased its holdings in shares of Triumph Group by 199.6% in the 1st quarter. Kennedy Capital Management LLC now owns 450,918 shares of the aerospace company’s stock worth $6,782,000 after buying an additional 300,407 shares during the last quarter. Marshall Wace LLP lifted its holdings in shares of Triumph Group by 318.2% in the 2nd quarter. Marshall Wace LLP now owns 324,778 shares of the aerospace company’s stock valued at $5,005,000 after acquiring an additional 247,117 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Triumph Group by 85,638.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 187,768 shares of the aerospace company’s stock worth $2,894,000 after acquiring an additional 187,549 shares during the last quarter. Finally, Point72 Asset Management L.P. grew its stake in shares of Triumph Group by 12.5% during the second quarter. Point72 Asset Management L.P. now owns 1,516,707 shares of the aerospace company’s stock valued at $23,372,000 after buying an additional 168,607 shares during the last quarter. Institutional investors own 94.53% of the company’s stock.

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.