Triumph Group, Inc. (NYSE:TGI) Receives $18.78 Average Price Target from Brokerages

Triumph Group, Inc. (NYSE:TGI) has been given an average recommendation of “Reduce” by the ten ratings firms that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation and eight have given a hold recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $18.78.

A number of research analysts have recently commented on TGI shares. StockNews.com assumed coverage on Triumph Group in a report on Monday, March 17th. They set a “hold” rating on the stock. Truist Financial boosted their price objective on shares of Triumph Group from $19.00 to $26.00 and gave the company a “hold” rating in a research report on Tuesday, February 4th. Barclays lowered shares of Triumph Group from an “overweight” rating to an “equal weight” rating and lifted their price objective for the company from $21.00 to $26.00 in a research note on Thursday, February 6th. Baird R W cut shares of Triumph Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 4th. Finally, TD Cowen raised Triumph Group to a “hold” rating in a report on Thursday, December 19th.

Triumph Group Stock Up 0.1 %

TGI stock opened at $25.47 on Friday. The company has a market capitalization of $1.97 billion, a PE ratio of 3.54 and a beta of 2.53. The stock’s 50 day moving average is $23.52 and its two-hundred day moving average is $18.78. Triumph Group has a 52-week low of $11.01 and a 52-week high of $25.48.

Triumph Group (NYSE:TGI) last issued its earnings results on Monday, February 10th. The aerospace company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. Triumph Group had a net margin of 45.08% and a negative return on equity of 55.18%. As a group, sell-side analysts anticipate that Triumph Group will post 0.68 EPS for the current year.

Insiders Place Their Bets

In other news, CAO Jennifer H. Allen sold 35,000 shares of the company’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $25.32, for a total value of $886,200.00. Following the completion of the sale, the chief accounting officer now directly owns 51,696 shares of the company’s stock, valued at $1,308,942.72. This represents a 40.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 2.31% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Old West Investment Management LLC increased its position in shares of Triumph Group by 1.3% in the third quarter. Old West Investment Management LLC now owns 42,426 shares of the aerospace company’s stock valued at $547,000 after acquiring an additional 565 shares during the last quarter. Cornerstone Wealth Management LLC boosted its stake in shares of Triumph Group by 3.8% during the fourth quarter. Cornerstone Wealth Management LLC now owns 15,964 shares of the aerospace company’s stock valued at $298,000 after purchasing an additional 580 shares in the last quarter. Rafferty Asset Management LLC boosted its holdings in Triumph Group by 4.7% in the fourth quarter. Rafferty Asset Management LLC now owns 19,802 shares of the aerospace company’s stock valued at $370,000 after acquiring an additional 896 shares during the last quarter. Canada Pension Plan Investment Board increased its position in shares of Triumph Group by 0.5% during the fourth quarter. Canada Pension Plan Investment Board now owns 301,400 shares of the aerospace company’s stock worth $5,624,000 after buying an additional 1,400 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Triumph Group by 3.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,712 shares of the aerospace company’s stock worth $778,000 after acquiring an additional 1,563 shares in the last quarter. 94.53% of the stock is owned by institutional investors and hedge funds.

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.