Analysts Set Triumph Group, Inc. (NYSE:TGI) Target Price at $20.63

Shares of Triumph Group, Inc. (NYSE:TGI) have been assigned a consensus rating of “Reduce” from the ten brokerages that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and nine have issued a hold recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $20.63.

A number of research analysts have issued reports on TGI shares. Wall Street Zen initiated coverage on Triumph Group in a research note on Tuesday, May 20th. They issued a “hold” rating for the company. JPMorgan Chase & Co. upgraded shares of Triumph Group from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $17.00 to $26.00 in a report on Tuesday, April 15th.

Institutional Investors Weigh In On Triumph Group

Institutional investors have recently added to or reduced their stakes in the business. Sterling Capital Management LLC raised its position in shares of Triumph Group by 804.2% in the fourth quarter. Sterling Capital Management LLC now owns 2,351 shares of the aerospace company’s stock valued at $44,000 after purchasing an additional 2,091 shares during the period. KBC Group NV purchased a new position in Triumph Group in the 1st quarter valued at approximately $79,000. Longfellow Investment Management Co. LLC bought a new stake in Triumph Group during the 1st quarter valued at $109,000. Point72 Asia Singapore Pte. Ltd. lifted its position in shares of Triumph Group by 58.1% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,761 shares of the aerospace company’s stock worth $126,000 after acquiring an additional 2,484 shares in the last quarter. Finally, Strs Ohio bought a new position in Triumph Group in the 1st quarter worth about $134,000. 94.53% of the stock is owned by hedge funds and other institutional investors.

Triumph Group Stock Performance

TGI stock opened at $25.75 on Monday. The business has a 50-day simple moving average of $25.68 and a two-hundred day simple moving average of $23.78. The company has a market capitalization of $2.00 billion, a P/E ratio of 49.52 and a beta of 2.26. Triumph Group has a 52-week low of $11.01 and a 52-week high of $25.96.

Triumph Group (NYSE:TGI) last issued its quarterly earnings data on Wednesday, May 28th. The aerospace company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.17. Triumph Group had a negative return on equity of 74.53% and a net margin of 3.24%. The business had revenue of $377.90 million for the quarter, compared to analysts’ expectations of $334.04 million. During the same period last year, the business earned $0.31 EPS. The business’s revenue was up 5.4% on a year-over-year basis. As a group, sell-side analysts forecast that Triumph Group will post 0.68 earnings per share for the current fiscal year.

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.