Triumph Group, Inc. (NYSE:TGI) Receives $20.63 Average PT from Analysts

Shares of Triumph Group, Inc. (NYSE:TGI) have been assigned a consensus recommendation of “Reduce” from the ten analysts that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating and nine have given a hold rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $20.63.

TGI has been the topic of several recent research reports. Barclays downgraded shares of Triumph Group from an “overweight” rating to an “equal weight” rating and increased their price target for the stock from $21.00 to $26.00 in a research report on Thursday, February 6th. StockNews.com assumed coverage on Triumph Group in a research report on Monday. They set a “hold” rating on the stock. Wolfe Research downgraded shares of Triumph Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, February 10th. JPMorgan Chase & Co. raised shares of Triumph Group from an “underweight” rating to a “neutral” rating and upped their target price for the stock from $17.00 to $26.00 in a report on Tuesday, April 15th. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $26.00 price target (up previously from $20.00) on shares of Triumph Group in a research note on Tuesday, February 4th.

Triumph Group Price Performance

TGI stock opened at $25.65 on Friday. The company has a market cap of $1.99 billion, a P/E ratio of 3.56 and a beta of 2.34. Triumph Group has a 1 year low of $11.01 and a 1 year high of $25.68. The stock’s fifty day moving average price is $25.24 and its 200-day moving average price is $21.78.

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

Insider Buying and Selling

In other Triumph Group news, CAO Jennifer H. Allen sold 35,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $25.32, for a total transaction of $886,200.00. Following the completion of the transaction, the chief accounting officer now owns 51,696 shares in the company, valued at $1,308,942.72. This trade represents a 40.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.31% of the stock is owned by company insiders.

Institutional Trading of Triumph Group

Hedge funds have recently modified their holdings of the company. Assenagon Asset Management S.A. raised its stake in Triumph Group by 124.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,318,285 shares of the aerospace company’s stock valued at $43,259,000 after purchasing an additional 1,286,568 shares in the last quarter. Barclays PLC increased its position in Triumph Group by 155.8% during the third quarter. Barclays PLC now owns 148,530 shares of the aerospace company’s stock valued at $1,915,000 after acquiring an additional 90,456 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Triumph Group in the fourth quarter valued at $1,095,000. JPMorgan Chase & Co. grew its holdings in Triumph Group by 1,207.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 538,904 shares of the aerospace company’s stock valued at $6,946,000 after purchasing an additional 497,684 shares during the last quarter. Finally, American Century Companies Inc. bought a new stake in Triumph Group in the fourth quarter worth about $30,845,000. 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 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.