Triumph Group (NYSE:TGI) Upgraded to Outperform by Wolfe Research

Triumph Group (NYSE:TGI) was upgraded by stock analysts at Wolfe Research from a “peer perform” rating to an “outperform” rating in a report released on Thursday, Marketbeat reports. The brokerage presently has a $18.00 target price on the aerospace company’s stock. Wolfe Research’s price objective points to a potential upside of 24.10% from the stock’s current price.

A number of other equities research analysts have also weighed in on TGI. Truist Financial boosted their target price on shares of Triumph Group from $17.00 to $27.00 and gave the stock a “buy” rating in a report on Wednesday, January 10th. The Goldman Sachs Group initiated coverage on shares of Triumph Group in a report on Wednesday, March 20th. They set a “buy” rating and a $18.00 target price on the stock. Barclays raised shares of Triumph Group from an “equal weight” rating to an “overweight” rating and set a $20.00 target price on the stock in a report on Friday, January 5th. Robert W. Baird raised shares of Triumph Group from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $13.00 to $20.00 in a report on Tuesday, January 16th. Finally, Bank of America raised shares of Triumph Group from an “underperform” rating to a “buy” rating and upped their price objective for the company from $9.00 to $21.00 in a research note on Thursday, January 25th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Triumph Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.88.

Triumph Group Price Performance

TGI stock opened at $14.51 on Thursday. The company has a 50 day simple moving average of $14.76 and a 200 day simple moving average of $12.07. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of -21.33 and a beta of 2.57. Triumph Group has a 1 year low of $7.00 and a 1 year high of $17.27.

Triumph Group (NYSE:TGI) last released its quarterly earnings data on Wednesday, February 7th. The aerospace company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.30). The company had revenue of $285.00 million for the quarter, compared to analyst estimates of $367.96 million. Triumph Group had a negative return on equity of 2.15% and a negative net margin of 3.49%. Triumph Group’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.12 earnings per share. On average, equities research analysts anticipate that Triumph Group will post -0.43 EPS for the current fiscal year.

Insider Activity at Triumph Group

In related news, Director Neal J. Keating bought 7,200 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were acquired at an average cost of $14.53 per share, with a total value of $104,616.00. Following the completion of the purchase, the director now directly owns 58,987 shares of the company’s stock, valued at approximately $857,081.11. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Signaturefd LLC raised its stake in shares of Triumph Group by 298.4% during the fourth quarter. Signaturefd LLC now owns 2,506 shares of the aerospace company’s stock worth $42,000 after acquiring an additional 1,877 shares in the last quarter. Captrust Financial Advisors raised its stake in shares of Triumph Group by 141.0% during the first quarter. Captrust Financial Advisors now owns 2,902 shares of the aerospace company’s stock worth $73,000 after acquiring an additional 1,698 shares in the last quarter. UBS Group AG raised its stake in shares of Triumph Group by 112.9% during the third quarter. UBS Group AG now owns 3,202 shares of the aerospace company’s stock worth $27,000 after acquiring an additional 1,698 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of Triumph Group during the second quarter worth approximately $53,000. Finally, International Assets Investment Management LLC raised its stake in shares of Triumph Group by 1,558.0% during the fourth quarter. International Assets Investment Management LLC now owns 4,974 shares of the aerospace company’s stock worth $82,000 after acquiring an additional 4,674 shares in the last quarter. 94.53% of the stock is owned by hedge funds and other institutional investors.

Triumph Group Company Profile

Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls, and distributes aerostructures, 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, exhaust nozzles and ducting, 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.