Triumph Group, Inc. (NYSE:TGI) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Triumph Group, Inc. (NYSE:TGI) has been assigned an average rating of “Moderate Buy” from the eight analysts that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $19.63.

Several research analysts have commented on the stock. The Goldman Sachs Group raised their target price on shares of Triumph Group from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Robert W. Baird upgraded shares of Triumph Group from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $13.00 to $20.00 in a research note on Tuesday, January 16th. Truist Financial lifted their target price on shares of Triumph Group from $17.00 to $27.00 and gave the company a “buy” rating in a research note on Wednesday, January 10th. Barclays upgraded shares of Triumph Group from an “equal weight” rating to an “overweight” rating and set a $20.00 target price for the company in a research note on Friday, January 5th. Finally, Bank of America upgraded shares of Triumph Group from an “underperform” rating to a “buy” rating and lifted their target price for the company from $9.00 to $21.00 in a research note on Thursday, January 25th.

Insider Activity

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

Hedge Funds Weigh In On Triumph Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Graham Capital Management L.P. increased its position in Triumph Group by 122.3% during the third quarter. Graham Capital Management L.P. now owns 136,580 shares of the aerospace company’s stock worth $1,046,000 after acquiring an additional 75,147 shares during the period. Citigroup Inc. boosted its stake in Triumph Group by 46.0% during the third quarter. Citigroup Inc. now owns 130,055 shares of the aerospace company’s stock worth $996,000 after buying an additional 40,982 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in Triumph Group by 120.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 346,405 shares of the aerospace company’s stock worth $5,743,000 after buying an additional 189,161 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Triumph Group by 17.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 583,763 shares of the aerospace company’s stock worth $4,472,000 after buying an additional 87,248 shares in the last quarter. Finally, tru Independence LLC boosted its stake in Triumph Group by 69.7% during the third quarter. tru Independence LLC now owns 506,425 shares of the aerospace company’s stock worth $3,879,000 after buying an additional 208,067 shares in the last quarter. Institutional investors own 94.53% of the company’s stock.

Triumph Group Price Performance

Shares of TGI opened at $13.35 on Wednesday. The firm’s 50 day moving average is $14.05 and its 200-day moving average is $13.08. The stock has a market capitalization of $1.03 billion, a P/E ratio of -19.63, a P/E/G ratio of 7.58 and a beta of 2.58. Triumph Group has a 12-month low of $7.00 and a 12-month high of $17.27.

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