Triumph Group, Inc. (NYSE:TGI) Given Average Rating of “Moderate Buy” by Brokerages

Triumph Group, Inc. (NYSE:TGI) has been given an average recommendation of “Moderate Buy” by the eight research firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $19.63.

A number of research firms recently weighed in on TGI. The Goldman Sachs Group increased their price target on Triumph Group from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. JPMorgan Chase & Co. upgraded shares of Triumph Group from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $13.00 to $17.00 in a report on Monday, April 15th. Robert W. Baird upgraded shares of Triumph Group from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $13.00 to $20.00 in a research report on Tuesday, January 16th. Bank of America upgraded Triumph Group from an “underperform” rating to a “buy” rating and increased their target price for the company from $9.00 to $21.00 in a report on Thursday, January 25th. Finally, Truist Financial lifted their price target on Triumph Group from $17.00 to $27.00 and gave the company a “buy” rating in a report on Wednesday, January 10th.

Insiders Place Their Bets

In other news, Director Neal J. Keating purchased 7,200 shares of Triumph Group stock in a transaction dated Friday, February 9th. The stock was acquired at an average cost of $14.53 per share, for a total transaction of $104,616.00. Following the acquisition, the director now directly owns 58,987 shares in the company, valued at $857,081.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.40% of the company’s stock.

Institutional Trading of Triumph Group

Institutional investors have recently added to or reduced their stakes in the business. Signaturefd LLC raised its holdings in shares of Triumph Group by 298.4% during the 4th quarter. Signaturefd LLC now owns 2,506 shares of the aerospace company’s stock valued at $42,000 after purchasing an additional 1,877 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Triumph Group by 1,558.0% in the fourth quarter. International Assets Investment Management LLC now owns 4,974 shares of the aerospace company’s stock worth $82,000 after buying an additional 4,674 shares during the last quarter. Psagot Value Holdings Ltd. Israel boosted its stake in shares of Triumph Group by 541.6% during the 4th quarter. Psagot Value Holdings Ltd. Israel now owns 5,595 shares of the aerospace company’s stock worth $95,000 after acquiring an additional 4,723 shares in the last quarter. Fifth Third Bancorp increased its holdings in shares of Triumph Group by 1,980.2% during the 3rd quarter. Fifth Third Bancorp now owns 6,303 shares of the aerospace company’s stock valued at $48,000 after acquiring an additional 6,000 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of Triumph Group by 11.6% in the 3rd quarter. Victory Capital Management Inc. now owns 12,351 shares of the aerospace company’s stock valued at $95,000 after acquiring an additional 1,285 shares in the last quarter. 94.53% of the stock is currently owned by institutional investors and hedge funds.

Triumph Group Price Performance

Shares of TGI opened at $14.21 on Wednesday. Triumph Group has a 12-month low of $7.00 and a 12-month high of $17.27. The stock has a market capitalization of $1.09 billion, a P/E ratio of -20.90, a P/E/G ratio of 8.24 and a beta of 2.55. The firm’s 50 day moving average is $13.94 and its 200-day moving average is $13.34.

Triumph Group (NYSE:TGI) last posted its quarterly earnings results on Wednesday, February 7th. The aerospace company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.30). The company had revenue of $285.00 million during the quarter, compared to the consensus estimate of $367.96 million. Triumph Group had a negative net margin of 3.49% and a negative return on equity of 2.15%. Triumph Group’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.12 EPS. As a group, equities research analysts forecast that Triumph Group will post -0.32 EPS for the current fiscal year.

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.